Daily Roundup

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Resmed Delivers Strong Finish to FY2026 with Revenue Growth and Shareholder Returns

Resmed Inc wrapped up fiscal 2026 on a high note, reporting a 9% jump in fourth-quarter revenue to $1.5 billion, with an 8% increase when adjusted for currency fluctuations. The healthcare technology company's bottom line also improved, with GAAP diluted earnings per share climbing 2% to $2.64, while non-GAAP diluted EPS surged 16% to $2.95.

For the full year, Resmed's revenue reached $5.7 billion, up 10% from the prior year. The company's gross margins expanded meaningfully too—GAAP gross margin improved by 170 basis points to 61.1%, while non-GAAP gross margin jumped 240 basis points to 62.4%. Perhaps most notably for shareholders, Resmed returned $1.0 billion through buybacks and dividends during FY2026, more than 70% higher than the previous year.

Looking ahead, the company is raising its shareholder return commitment. Resmed expects to return more than $1.85 billion to shareholders through share repurchases and dividends during fiscal 2027. The company also announced a 10% increase in its quarterly dividend to $0.66 per share. For CDI holders on the Australian Securities Exchange, the new dividend of USD 0.066 per share will be payable on September 24, 2026, with an ex-date of August 19, 2026.

Nick Scali Capitalizes on Retail Recovery with Impressive Profit Surge

Furniture retailer Nick Scali Ltd is riding strong momentum, reporting a 22% jump in net profit after tax to $75.7 million for FY26, despite a challenging retail environment. Revenue grew a more modest 4.3% to $516.7 million, but the company's operational efficiency improvements told the real story—gross margin expanded by 2.1% to 65.6%, and operating cash flows surged 33.7% to $154.4 million.

The Australia and New Zealand division was the growth engine, with revenue climbing 5.1% and gross margin improving by 100 basis points to 66.0%. The UK business, while still posting a loss for the year, showed meaningful progress with gross margin improving to 60.3%. UK written orders for FY26 jumped 55.5% to $45.0 million, signaling strong momentum heading into the new financial year.

The company declared a fully franked final dividend of 39 cents per share and finished the year with $106.6 million in cash on hand. Management is confident enough in the outlook to plan four new store openings in FY27, with early indicators showing flat written sales orders in Australia but a projected 35% increase in the UK.

Lycopodium Lands Major Canadian Mining Contract

Engineering and project management firm Lycopodium Limited has secured an Engineering, Procurement, and Construction Management contract valued at approximately A$93 million for Artemis Gold's Expanded Phase 2 project at the Blackwater Mine in British Columbia. The expansion will add 13 million tonnes per annum of throughput capacity, lifting the mine's total capacity to 21 Mtpa.

Lycopodium's involvement in the project builds on earlier work—the company provided EPCM services for Phase 1A and has been involved in the earlier stages of EP2 development. With Blackwater's commercial production having started in May 2025, this represents a material domestic project for Lycopodium's Canadian-based business.

NZME Invests in Print Infrastructure for Long-Term Savings

New Zealand Media and Entertainment (NZME) has finalized an agreement to acquire Stuff's Petone plant equipment, marking a strategic investment in its print operations. The total investment is expected to reach up to $15 million over two years, with the company projecting annual operating savings of around $7 million once the equipment is installed at a new facility by the end of 2028.

The new equipment is significantly more efficient and about a third the size of NZME's current plant, which should improve profitability while also positioning the company to offer third-party print services throughout the North Island. Management expects the investment to pay back within three years, ensuring the long-term sustainability and reliability of its print operations.

Kip McGrath Files Supplementary Bidder's Statement

Kip McGrath Education Centres Ltd has lodged a supplementary bidder's statement with regulators. The document is considered price-sensitive and is now available for public review.