ASX reporting season live updates: Everything you need to know about companies revealing results today

After a plunge earlier in the week, crypto traders were again pushing prices higher during early Asia trading.

Bitcoin and Ether, the two largest cryptocurrencies, were both up by more than 3 per cent this morning. Bitcoin rose as much as 3.5 per cent to $US66,300, its biggest intraday jump since February 13. Ether was up as much as 4.8 per cent to $US1994.

Smaller tokens also rose with more positive market sentiment. Solana was up roughly 4 per cent while XRP was up 2 per cent.

The quick uptick came along with a rise in equities ahead of US President Donald Trump’s State of the Union address to Congress, where he is expected to defend his economic record.

A Supreme Court decision that invalidated his ability to use emergency powers to impose his so-called reciprocal tariffs - a key policy initiative - contributed to a plunge in crypto prices earlier this week after Trump invoked a different authority to say he would impose 15 per cent global tariffs.

“Bitcoin is likely moving up due to a combination of short covering and speculative long positioning leading into the State of the Union,” said Pratik Kala, head of research at Apollo Crypto, a digital-assets hedge fund.

Bloomberg

Engineering remediation group Duratec has lifted profit on flat revenue as it eyes a share of the tens of billions of dollars of defence spending planned for Henderson and HMAS Stirling on Garden Island.

The WA group on Wednesday said net profit for the first-half rose 3.5 per cent to $13.4 million, despite a 4.9 per cent fall in revenue to $273.3m.

As of this week, its order book stood at $400m, up from $386m in November.

“It has been encouraging to see an uplift in recent wins, and although revenue remained flat in the first half, we delivered a record (profit) margin,” Duratec managing director Chris Oates said.

“This performance has positioned the business extremely well for the second half and for the years ahead,” he said.

While the company is building its presence in the resources and infrastructure sectors, helping extend the life of mining plant and heritage buildings or decommission oil and gas projects, it is also building a presence in the defence industry, where it is already doing work at HMAS Stirling.

Mr Oates said that with the naval base set for an $8 billion upgrade and more than $20b of spending earmarked for Henderson, Duratec was positioned “exceptionally well to capitalise on these opportunities”.

The company declared an interim dividend of 1.75 cents a share.

The Australian share market has hit a new intraday record high, with the S&P/ASX200 reaching 9124.2 points in morning trade.

It is the second record high set in as many weeks amid a company reporting season that shows a resilient economic picture despite the threat of more interest rate rises.

The index fell back slighty later in the session but was still up 1.1 per cent at 9121.8 at 1.10pm AEDT.

All sectors bar telco and utility stocks were in the green, with IT staging a stunning rebound to be up 5.5 per cent. Consumer staples and miners also added healthy gains.

Solid growth in Woolworths’ Australian grocery business helped the supermarket giant leap 11.1 per cent - despite also reporting a $406 million bottom line blow from an historic staff underpayments bungle that could ultimate cost it $710m.

Helia Group, Tabcorp, ARB Corp and Iress also made it into the list of the index’s top-five performers, adding between 18 and 13 per cent.

Domino’s Pizza slumped 15.3 per cent, despite returning to profit in the first half.

Investors may have been more concerned about the fall in revenue as the embattled chain goes through a reset and ends heavy discounting.

Lucky punters have put a ding in Tabcorp’s interim results, though the gambling giant is still seeing strong growth in the number of young people placing bets.

The so-called “customer-friendly results” happened in the last six months of 2025 during the NRL and AFL grand finals and the spring horse racing carnival period.

Domestic wagering revenue fell by 2.5 per cent, before Victorian licensing impacts, despite modest growth in turnover, due to below-average yields.

“The reduction in yield versus longer-term averages was due to a run of customer-friendly results,” chief financial officer Mark Howell told an earnings briefing on Wednesday.

“Some of this softer yield was recovered through the back end of November and December.”

Tabcorp estimates the yield impact cost it about $10 million in net revenue, compared to longer term averages, according to Mr Howell.

Tabcorp’s first-half bottom-line net profit fell 14 per cent to $21.7 million from the prior corresponding period as group revenue rose by one per cent to $1.3 billion.

CEO Gillon McLachlan said he was proud Tabcorp could deliver double-digit earnings growth in a half-year when wagering operators were hit by a “run of low yields”.

The former AFL boss said the TAB brand was becoming “more youthful, sports orientated and experiential”.

“Turnover among 18 to 24 year olds was up 14 per cent,” he said, adding that its attention to tentpole assets such as the Liv Golf and US Super Bowl sports were an example of how Tabcorp was reaching a new cohort.

“We know customers want life experiences and attention spans are getting shorter. Stories sell and brand connection is increasingly more important.”

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Home borrowers are facing another interest rate rise in coming months with inflation still soaring by an annual pace of 3.8 per cent in January.

The consumer price index was above the Reserve Bank of Australia’s 2-3 per cent target for the sixth straight month, with headline inflation failing to moderate from December’s level.

The Federal government’s $75 quarterly electricity rebates expired at the end of last year.

National Australia Bank had expected inflation to remain at 3.8 per cent while Westpac saw it moderating to 3.6 per cent.

Woolworths boss Amanda Bardwell says there has been a “gradual increase” in the number of crunched consumers seeking out promotions since the Reserve Bank hiked interest rates earlier this month.

Ms Bardwell has also observed more customers cooking at home, which she said was partly health-related but also another way to save on household budgets.

“I wouldn’t say we’ve seen a marked step up, but I would say just a gradual increase in the number of customers participating in promotions,” Ms Bardwell told media when asked if the central bank’s decision had already impacted consumer behaviour.

“In August, we would have been talking about the fact that we hope to see a slightly more optimistic outlook from customers.

“We started to see little early finds of that in quarter one, but I would say if we progressively moved through from October into Christmas and now, of course, into the new year, customers are firmly focused on finding ways to save. We see that most acutely in young families and young singles.”

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Revenue at Domino’s Pizza has tumbled as chairman Jack Cowin - the man who launched Hungry Jack’s - resets the embattled global fast food giant by dumping heavy discounting to focus on delivering an “everyday low price” model.

The pizza giant operates 3529 stores across Australia, New Zealand, Europe and Asia

Sales fell to $1.1 billon in the first half - down 5.5 per cent from the $1.17b recorded in the same period a year earlier.

But the chain has swung back into the black, booking a $40.9m net profit compared to a $22.2m loss in the prior corresponding period.

“These results reflect deliberate decisions taken as part of our reset to strengthen the foundations of the business, prioritising an increase in franchise partner profitability,” Mr Cowin said.

“We reduced reliance on discounting during the half. Volumes moderated, as expected, but unit economics improved. That was a conscious trade-off to build a stronger system.

“Domino’s continues to offer our customers compelling value. Our focus is on targeted promotions that make sense for customers and for franchise partners.”

Domino’s noted franchise partner profitability increased to its highest level in three years.

It will pay an unfranked dividend of 25c a share.

The chain earlier this month tapped former McDonald’s Australia and New Zealand boss Andrew Gregory to take on the top job as CEO after Mark van Dyck’s abrupt exit.

Logistics software group WiseTech is cutting up to 2000 jobs as it expands the rollout of artificial intelligence technology.

The group said the jobs would initially target its product and development and customer service staff, with the teams to be reduced in size by up 50 per cent.

Nearly 2000 jobs will got as “part of WiseTech’s long-term strategic focus on higher-margin recurring revenue” and its “commitment to building a higher-performance culture”, the company said.

WiseTech chief executive Zubin Appoo said the cuts reflected the growing impact of AI on software development.

“The era of manually writing code as the core act of engineering is over,” Mr Appoo said.

“AI amplifies the productivity of our expertise in logistics and trade, the rich datasets that WiseTech holds, and the network advantage that we have built over 30 years.

“And it allows us to move faster from ideas to real customer value through the efficiencies it brings in software development and product creation.”

The announcement came as WiseTech disclosed a 36 per cent fall in first-half net profit to $US68.1m on increased amortisation and interest charges related to its purchase of US freight business e2open.

That was despite e2open fuelling a 76 per cent jump in WiseTech’s revenue to $US672m.

The company will pay an interim dividend of US6.8 cents a share.

The hunt for value amid the threat of further interest rate rises is keeping the tills at Woolworths ringing.

But hundreds of millions of dollars set aside to fix an historic staff pay bungle has torn a hole in its net profit for the first half.

Woolworths reported group sales of $37.1 billion in the first six months of the year - up 3.4 per cent on a year earlier, which the supermarket giant attributed to investment in value prodiucts, its fresh food offer and shopping convenience options.

Earnings before tax jumped 8.5 per cent to $3.2b, delivering a net profit that was 16.4 per cent higher at $859 million.

It will pay out an interim dividend of 45c a share - up from 39c a year earlier.

But taking into account significant items for the period, that profit shrunk by almost half to $374.

Woolworths said the biggest drag was an increase in the provision for a remediation program to repay salaried team member following a landmark Federal Court ruling in early September.

Justice Nye Perram found Woolworths failed to comply with itsobligation to keep accurate employment records for salaried workers, including rosters, overtime and other entitlements owed under the retail award.

Woolworth this morning said the total cost of remediation could hit $710m.

“On the basis of the group’s review of the court’s decision, an additional provision of $710m was recognised during the current period, comprising further potential remediation to award-covered salaried store team leaders of $406m (before income tax) and interest, superannuation and payroll tax of $304m (before income tax),” the company said.

“The additional provision is within the previously announced range of between $450m to $750m (before income tax).”

Andrew and Nicola Forrest will bank a whopping $687.2 million from a big jump in Fortescue’s interim dividend.

The couple separated in mid-2023 after 31 years of marriage but still retain control of 36 per cent of the Pilbara miner, which today declared an interim dividend of 62c a share after booking a much-improved first-half profit of $US1.9b.