Daily Roundup

Wednesday, 12th February 2025
Last updated: 21:00

← Tuesday, 11th February 2025 Thursday, 13th February 2025 →

BVS.ASX GDG.ASX IMD.ASX EVN.ASX AGL.ASX

A Busy Day for ASX Stocks: Earnings, Deals, and Dividends

Kicking things off, Bravura Solutions reported a solid set of interim results for the first half of fiscal year 2025. Revenue from contracts with customers increased a modest 0.4% to $127.5 million, but the real standout was a significant jump in EBITDA excluding non-recurring items, which climbed to $23.8 million. Profit after tax, adjusted for one-time items, came in at $11.3 million - a nice turnaround from the $1.7 million loss in the prior period.

Over at Generation Development Group, the company successfully completed a $233.3 million institutional equity raise. The funds will be used to finance the $244.9 million acquisition of Evidentia Group. The offer was well-supported by both existing and new institutional investors, a testament to the market's confidence in GDG's growth strategy.

IMDEX, a leading provider of mining technology solutions, also reported its half-year results. While group revenue dipped 10% compared to the same period last year, the company managed to maintain a healthy 30% EBITDA margin through strong operational discipline. IMDEX also ended the half with a robust balance sheet and healthy cash flow conversion.

Evolution Mining capped off the day with a standout performance, posting record financial results for the first half of fiscal 2025. Statutory net profit surged 277% to $365 million, while underlying EBITDA jumped 77% to $1.014 billion. The company also rewarded shareholders with a 250% increase in the interim dividend to 7 cents per share, fully franked.

Rounding out the day, AGL Energy reported a mixed bag for its half-year results. Revenue was up 15.3% to $7.132 billion, but underlying profit after tax slipped 6.5% to $373 million. The company declared an interim dividend of 23 cents per share, fully franked.

All in all, a busy day for ASX-listed companies, with a mix of strong earnings, strategic deals, and shareholder-friendly dividends. Investors will be closely watching how these stories unfold in the months ahead.