Daily Roundup

Monday, 24th August 2026
Last updated: 18:00 | Max Version 🚀

ABB.ASX GLF.ASX PLS.ASX SNL.ASX EDV.ASX

Aussie Broadband Delivers Strong Growth With Earnings Surge and Buyback Plan

Aussie Broadband has kicked off results season with impressive numbers, reporting underlying EBITDA up 19.6% to $165.3 million and revenue growth of 9.2% to $1.3 billion. The broadband specialist saw particularly strong momentum in its mobile division, with connections jumping 41% to 1.11 million, while its NBN market share climbed to 12.1%. The company also completed the disposal of Digital Sense Hosting and acquired Nexgen Investment Group during the year, strengthening its competitive position.

Shareholders are being rewarded with a dividend increase to 6.0 cents per share, while the company announced a share buyback of up to $115 million—a vote of confidence in its outlook. Management is clearly bullish on what's ahead, guiding FY27 underlying EBITDA between $205 million and $215 million. The company's net tangible liabilities per share also improved significantly to $0.10 from $0.23, reflecting a healthier balance sheet.

Lithium Producer PLS Rides Wave of Commodity Strength

PLS Group delivered a standout performance, posting record production of 879.5 kilotonnes—up 17% year-on-year. The lithium miner's revenue surged 152% to $1.9 billion, driven by both higher sales volumes and a 121% jump in average realized prices. Underlying EBITDA hit $1.1 billion with an impressive 59% margin, while net profit after tax swung to $526 million from a $196 million loss in the prior year.

The company's cash position strengthened dramatically, climbing 135% to $2.3 billion, giving it substantial firepower for future investments. Unit operating costs improved 9% to $569 per tonne, reflecting the benefits of increased scale and operational efficiencies. A final fully franked dividend of 5 cents per share was declared, representing a 22% payout ratio of adjusted free cash flow. Looking ahead, PLS is guiding FY27 production at a midpoint of 880 kilotonnes, with the P2000 feasibility study due in the December quarter.

GemLife Communities Raises Guidance on Stellar Half-Year Results

GemLife Communities Group has upgraded its full-year earnings guidance after a blockbuster first half, now expecting underlying EPS of 30.0-31.0 cents—a 27-31% lift from FY25. The premium aged-care developer crushed its prospectus forecasts across the board, with revenue jumping 86% to $195.1 million and underlying net profit after tax doubling to $58.5 million on a pro forma basis.

Settlements ran 16 homes ahead of forecast, while average home sale prices climbed 10% year-on-year. The company maintained a 100% occupancy rate across its 2,324 homes and achieved a development EBITDA margin of 43%. Net tangible assets per security rose to $2.80, and the company also earned Great Place to Work certification, signaling strong workplace culture alongside financial success.

Supply Network Expands With Double-Digit Growth

Supply Network Limited reported steady progress with revenue climbing 15.4% to $403.7 million and profit after tax rising 19% to $47.6 million. The industrial and construction supplies distributor invested significantly in IT systems and expanded its branch network, particularly in New Zealand, while maintaining a strong safety focus. The company declared a final dividend of 44.0 cents per share, reflecting confidence in its organic growth trajectory and acquisition pipeline.

Endeavour Group Navigates Challenging Retail Environment

Endeavour Group's results paint a picture of a business working through headwinds. Group sales edged up just 1.3% to $12.2 billion, with retail sales rising 0.7% to $10 billion—though online sales showed more vigor with 34.8% growth. Hotel sales improved 4.2% to $2.2 billion, with 38 venues refreshed as part of the company's transformation push.

However, underlying EBIT fell 8.7% to $845 million, and statutory net profit after tax plummeted 87.8% to $52 million. The company is executing a $300 million cost reduction program targeting completion by F29, with $100 million of savings planned for F27. Management is investing to transform the business, planning capex of $550-$650 million in F27 as it simplifies operations and focuses on customer value. A fully franked final dividend of 1.2 cents per share was declared, though the outlook remains cautious given ongoing cost-of-living pressures on consumers.