PRE-MARKET AUSTRALIAN STOCKS NEWS: Earnings from Inghams, Perseus Mining, QBE, Qube, Rio Tinto & St Barbara
This earnings release highlights a mixed performance among key Australian companies; while QBE Insurance and Qube Holdings reported significant profit increases, Inghams and Perseus Mining showed declines in net profit, illustrating the varying impacts of economic conditions across sectors.
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PRE-MARKET AUSTRALIAN STOCKS NEWS: Earnings from Inghams, Perseus Mining, QBE, Qube, Rio Tinto & St Barbara
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Inghams (ING AT) - Co. H1 (AUD) net profit fell 65% Y/Y to 18.1mln, revenue fell 0.1% Y/Y to 1.61bln. (Dow Jones Newsplus)
LGI (LGI AT) - Co. H1 (AUD) net profit rose 28% Y/Y to 3.1mln, EBITDA rose 33% Y/Y to 9.7mln, revenue rose 20% Y/Y to 20.3mln. (Dow Jones Newsplus)
Megaport (MP1 AT) - Co. H1 (AUD) net loss 19.1mln (prev. profit 0.886mln Y/Y), EBITDA 35.3mln (prev. 27.6mln Y/Y), revenue 134.9mln (prev. 106.8mln Y/Y), dividend 0.00 (prev. 0.00 Y/Y). (Dow Jones Newsplus)
MyState (MYS AT) - Co. H1 (AUD) net profit rose 71% Y/Y to 27.3mln, underlying net profit rose 61% Y/Y to 28.2mln, revenue rose 63% Y/Y to 125.2mln. (Dow Jones Newsplus)
Perseus Mining (PRU AT) - Co. H1 (USD) net profit fell 8% Y/Y to 163.5mln, revenue rose 5% Y/Y to 608.5mln, dividend 0.05 (prev. 0.05 Y/Y), guidance reaffirmed for FY26 production and AISC. (Dow Jones Newsplus)
QBE Insurance (QBE AT) - Co. FY (USD) net profit rose 21% Y/Y to 2.16bln (prev. 1.78bln Y/Y), gross written premium rose 7% Y/Y to 23.96bln, dividend 1.09 (prev. 0.87 Y/Y). (Motley Fool)
Qube Holdings (QUB AT) - Co. H1 (AUD) net profit rose 100% Y/Y to 212.6mln, EBITDA rose 48% Y/Y to 522.4mln, revenue rose 10% Y/Y to 2.18bln, dividend 0.0535 (prev. 0.0535 Y/Y), guidance expects solid underlying earnings growth in FY26 vs FY25. (Dow Jones Newsplus)
Ramsay Health Care (RHC AT) - Co. FY (AUD) guidance expects completion of in-specie distribution of Ramsay Santé shares in Q4 2026 to simplify group structure. (Dow Jones Newsplus)
Rio Tinto (RIO LN) - Co. FY (USD) net fell 14% Y/Y to 9.97bln, adj. net rose 0.9% Y/Y to 10.9bln, underlying EBITDA rose 2.8% Y/Y to 25.4bln, revenue rose 1.1% Y/Y to 57.6bln/ Co. CEO is intensifying the hunt for copper and defended exploring a USD 260bln mega-merger with Glencore, while noting the Co. remains reliant on iron ore for the majority of future earnings. (Newswires/The Australian)
St Barbara (SBM AT) - Co. H1 (AUD) net loss 0.249mln, underlying profit 1.3mln (prev. loss 48.1mln Y/Y), revenue rose 32% Y/Y to 128.8mln. (Dow Jones Newsplus)
Whitehaven Coal (WHC AT) - Co. is reportedly evaluating new acquisition opportunities after rivals stumbled on major transactions. (The Australian)
The results from heavyweights like Rio Tinto, which continues to focus heavily on iron ore while exploring mergers, signal ongoing shifts within the mining sector that could influence commodity prices and investor sentiment. Traders should consider how these results might affect broader market dynamics, particularly in the equities of these companies and their peers.
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