Daily Roundup

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Aussie Broadband Accelerates Growth With Strong FY26 Results

Aussie Broadband delivered impressive financial performance for the full year, with underlying EBITDA climbing 19.6% to $165.3 million and revenue growing 9.2% to $1,295.4 million. The standout performer was the company's broadband division, where on-net connections surged 41% to 1.11 million, helping push NBN market share up to 12.1%. The company's diversified growth strategy, bolstered by strategic acquisitions including Nexgen Investment Group, has strengthened its market position considerably.

Shareholders will welcome news of a fully franked dividend of 6.0 cents per share, while management also announced a share buyback of up to $115 million, reflecting confidence in the company's trajectory. Looking ahead, Aussie Broadband expects underlying EBITDA to reach between $205 million and $215 million in FY27, signaling continued momentum as it works toward its Look-to-28 ambitions.

Lithium Producer PLS Hits Record Highs on Price Surge

PLS Group delivered a standout performance, posting record annual production of 879.5 kilotonnes—up 17% from the prior year. The real story, however, was the dramatic improvement in profitability. Revenue skyrocketed 152% to $1,934 million, driven by a 121% jump in average realized prices and the 17% production increase. Underlying EBITDA reached $1,137 million with an impressive 59% margin, while net profit after tax swung to $526 million from a $196 million loss in FY25.

The company's operational efficiency also improved, with unit operating costs falling 9% to $569 per tonne. Cash balances surged 135% to $2,290 million, providing substantial firepower for strategic investments. PLS declared a fully franked final dividend of 5 cents per share, representing a 22% payout ratio of adjusted free cash flow. The company guided FY27 production at a midpoint of 880 kilotonnes, while the P2000 feasibility study outcomes are expected in the December quarter.

GemLife Communities Raises Guidance After Beating Forecasts

GemLife Communities Group reported a stellar first half, significantly outperforming its prospectus forecasts and prompting an upgrade to full-year guidance. Revenue surged 86% to $195.1 million on a pro forma basis, while underlying net profit after tax more than doubled to $58.5 million. The company achieved 16 more home settlements than forecast and saw average home sale prices climb 10% compared to the prior year.

The company's development EBITDA margin held steady at 43%, and it maintained a 100% occupancy rate across its 2,324 occupied homes. Net tangible assets per security increased to $2.80, reflecting strong financial momentum. Based on this performance, GemLife upgraded its FY26 underlying earnings per share guidance to 30.0-31.0 cents, representing growth of 27-31% above FY25 levels. The company also achieved Great Place to Work® certification, underlining its strong workplace culture.

Comms Group Swings to Profit on Record Revenue

Comms Group delivered a remarkable turnaround, posting record revenue of $74.5 million—a 31.6% increase—while underlying EBITDA jumped 52% to $8.7 million. The company swung from a $0.6 million loss in FY25 to a $1.2 million profit after tax, a significant improvement driven by the full-year contribution of the TasmaNet acquisition and growth across its Global and ICT divisions.

New sales contracts signed totaled $10.9 million in annual recurring revenue, building momentum for future growth. The company declared a fully franked final dividend of 0.125 cents per share. A major strategic development is the pending sale of its onPlatinum ICT business for $30 million, expected to settle by the end of Q1 FY27. This move will allow Comms Group to sharpen its focus on cloud and unified communications while reducing net debt. Management expects margin improvement to continue as network consolidation and synergy benefits annualize.

Endeavour Group Faces Headwinds Despite Sales Growth

Endeavour Group reported mixed results, with group sales rising 1.3% to $12.2 billion but profitability declining. Retail sales grew 0.7% to $10.0 billion, though online sales were a bright spot with 34.8% growth. Hotel sales improved 4.2% to $2.2 billion, supported by a renewals program that upgraded 38 venues. However, underlying EBIT fell 8.7% to $845 million, and statutory net profit after tax plummeted 87.8% to $52 million.

The company declared a fully franked final dividend of 1.2 cents per share. Endeavour is pushing ahead with a $300 million cost reduction program targeting completion by F29, with $100 million expected in FY27. Management plans to increase capital expenditure by up to $60 million and operational spending by $40-60 million in F27 to fund transformation initiatives. The consumer spending outlook remains uncertain due to cost-of-living pressures and geopolitical tensions, which the company flagged as ongoing headwinds.