PRE-MARKET AUSTRALIAN STOCKS NEWS: Earnings from NAB. Dexus, Iluka, Mirvac & Santos, while SGH and Steel Dynamics boost bid for BlueScope Steel

Today's earnings reports from major Australian companies reveal a mixed bag, notably with National Australia Bank (NAB) reporting strong growth, while Santos and Iluka faced significant declines.

Newsquawk StaffPublished On the live feed at , 20 minutes before this page
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PRE-MARKET AUSTRALIAN STOCKS NEWS: Earnings from NAB. Dexus, Iluka, Mirvac & Santos, while SGH and Steel Dynamics boost bid for BlueScope Steel

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BlueScope Steel (BSL AT) - SGH (SGH AT) and Steel Dynamics (STLD) increased their takeover bid to AUD 15bln. (The Australian)

CBA (CBA AT) - Co. closes in on major AUD 200mln Brisbane Olympics 2032 sponsorship deal. (AFR)

Dexus (DXS AT) - Co. H1 (AUD) statutory NPAT rose to 348.5mln from (prev. 10.3mln Y/Y), AFFO reported at 253.3mln, interim distribution 19.3 cents per share declared. (Motley Fool)

Iluka Resources Ltd (ILU AT) - Co. FY (AUD) NPAT reported a loss of 288mln, mineral sands revenue fell to 976mln (prev. 1.129bln Y/Y). (Motley Fool)

Lottery Corporation Ltd (TLC AT) - Co. H1 (AUD) NPAT fell 1.4% Y/Y to 173.3mln, revenue rose 2% Y/Y to 1.82bln, interim dividend 8.0 cents per share fully franked declared. (Motley Fool)

Mirvac Group (MGR AT) - Co. H1 (AUD) operating profit after tax rose 5% Y/Y to 248mln, EBIT rose 10% Y/Y to 398mln, statutory profit rose to 319mln from (prev. 1mln Y/Y). (Motley Fool)

National Australia Bank Ltd (NAB AT) - Co. Q1 (AUD) cash earnings rose 15% Y/Y to 2.0bln, underlying profit rose 12% Y/Y to 3.1bln, revenue rose 6% Y/Y to 5.6bln. (Motley Fool)

Netwealth Group Ltd (NWL AT) - Co. H1 (AUD) NPAT rose 19.9% Y/Y to 69.0mln, revenue rose 24.7% Y/Y to 193.8mln. (Motley Fool)

Santos Ltd (STO AT) - Co. FY (USD) net profit fell 33% Y/Y to 818mln, revenue fell 8% Y/Y to 4.94bln, underlying profit fell 25% Y/Y to 898mln, final dividend 10.3 cents per share declared, Co. plans a 10% workforce cut. (Dow Jones Newsplus/Newswires)

Suncorp Group Ltd (SUN AT) - Co. H1 (AUD) NPAT fell to 263mln (prev. 1.1bln Y/Y), GWP rose 2.7% Y/Y to 7.69bln. (Motley Fool)

Superloop Ltd (SLC AT) - Co. H1 (AUD) net profit reported at 5.1mln, revenue rose 23% Y/Y to 317.6mln. (Dow Jones Newsplus)

Telix Pharmaceuticals (TLX AT) - Co. filed a European application for its brain cancer imaging candidate. (Motley Fool)

Context

The uptick in NAB's earnings could bolster confidence in the financial sector, while the struggles in mining and energy might suggest challenges ahead for those sectors. This divergence in performance highlights sector-specific dynamics that traders should consider when positioning for market movements.

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