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

Listed builder Finbar is making changes at the top of its boardroom, with longtime executive director and chair John Chan to transtion to a non-executive chairman’s role.

Mr Chan has been a director since 1995, ascending to the chairman’s position in 2010.

He was instrumental in re-listing Finbar on the ASX as a property development company.

The change will take effect from Monday.

As part of the board renewal, Mr Chan’s daughter and chief operating officer Melissa Chan will join the board as an executive director.

Mr Chan said now was the right time to transition into a more strategic role.

“With Finbar’s experienced and stable executive leadership team in place, I look forward to focusing on leading the board and supporting management through strategy oversight and long-term value creation,” he said.

“I remain a substantial shareholder and look forward to this next phase of contributing to the company’s future growth as non-executive chair.”

Ms Chan joined Finbar a year ago after a 17-year career at Lendlease.

The shift comes as Finbar today reported a near 13 per cent rise in first-half profit to $10.6m - up from $9.4m for the same period a year ago.

Revenue was halved to $109.4m for the period but the developer achieved record first-half sales of $368m for 409 units - the strongest result in 30 years.

“Sales of remaining completed stock to 31 December 2025 totalled $110m, comprising $64m for Civic Heart, $13m for The Point, $32m for Aurora and $1m for Reva,” it said.

“The divestment of the company’s Pelago project in Karratha contributed an additional $34m.”

Pre-sales also reached a record of $523m - up 76 per cent on the previous financial year.

“This places Finbar in a strong position for continued positive sales performance over FY26 and FY27 as projects are completed,” Finbar said.

“Current projects either under construction, or where construction is imminent, represent an estimated end value of $618m, following the successful launch of the $98m Palmyra West project in December 2025,” it said.

“Finbar also plans to publicly launch the Romeo project in March 2026 with an estimated completion value of $183m.”

The company will pay out a fully franked dividend of 2.5c a share.

Its stock was up 6.8 per cent in late trade to 86.5c.

Fashion chain Glue Store will shut or all the businesses stores will be sold off.

Owner Accent Group announced the financial troubles of the remaining 16 stores on Thursday following the closure of 17 Glue Stores in mid-2024.

Accent Group will shut or sell the 16 stores by July, it announced on Thursday as the conglomerate posted a $8.4m six month loss.

Accent Group operates Athlete’s Foot, Platypus and Hype DC as well as Ugg, Skechers and Vans.

Glue Store, which first opened in Melbourne in 1999, stocks leading brands including Adidas, Nike and Levi’s apparel and footwear.

Despite the falling profits, revenue in Accent’s wider stable has increased 5.3 per cent to $816.9m over the second half of 2025 compared with the end of 2024.

Glue Store’s closure comes after the expansion of other Accent stores.

Newly launched Sports Direct opened in Melbourne in November. Accent has opened 27 new stores since July 2025, with 40 more set to open in the coming months.

This financial year, 21 Glue Store and Vans stores have been shut.

Accent Group chair Lawrence Myers said the business had “navigated a challenging retail environment” since the Black Friday and Christmas trading periods.

“The board is encouraged by the early performance of Sports Direct following its successful launch as well as the progress made across the broader growth plan,” he said in the financial results posted on Thursday.

“On 24 February 2026, the Group made the decision to close the remaining 16 Glue stores and exit the Glue business with closure planned to be largely completed by end of the financial year.”

Australia’s biggest private hospital operator has posted a bumper first half, but its boss says the sector is being starved of private health insurance premiums.

Ramsay Health Care recorded a bottom-line net profit after tax of $160.7 million in the six months to December, swinging from a loss of $104.9m a year earlier.

However, private hospitals were not receiving their fair share of annually indexed health insurance premiums, threatening their viability, group CEO Natalie Davis said.

“We believe that those premiums that Australians pay should be passed on to hospitals,” Ms Davis told analysts at an earnings briefing.

“The premium increases that have been approved for private health insurers over the last five years since COVID have not fully been passed through to private hospitals, and our benefit payout ratio has decreased over time.”

The hospital sector was experiencing genuine cost pressures, and that discussion with private health insurer partners was ongoing, Ms Davis said.

Enterprise bargaining agreements with Victorian nurses continued, and followed a recently agreed 28 per cent increase over four years for public hospital nurses in the state.

Ms Davis offered little detail on the ongoing talks.

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The S&P/ASX200 has continued its march higher this monring, breaching the 9200-point mark for the first time ever as it followed a strong overnight lead from Wall Street.

The index hit 9202.9 in early trade but after the first hour had dipped back below the historic level to 9171.2 - still up 0.5 per cent on yesterday’s record close.

Seven of the 11 sectors were in the green, led by IT stocks which rocketed 4 per cent. Health care, mining, telco and real estate stocks were also feeling the euphoria.

Hospitals owner Ramsay Health Care was the market leader - gaining 13 per cent, followed by IDP Education (up 11.1 per cent), Generation Development Group (up 10.1 per cent), Megaport (up 8.6 per cent) and Droneshield (up 8.5 per cent).

Yancoal, Liontown, Worley and Karoon were also among the worst-performers.

Qantas sank 4.6 per cent, Despite booking record profit, it still missed the mark with market punters.

Artificial intelligence chipmaker Nvidia has announced another quarter of astounding growth as investors try to decipher whether technology’s latest craze is overblown hyperbole or a springboard into a new era of prosperity and productivity.

The results for the November-January period blew past the analyst projections that shape investors’ perceptions, as has been the case since Nvidia’s high-end chips emerged as AI’s best building blocks three years ago.

Nvidia’s fiscal fourth-quarter surged 73 per cent from the previous year to $US68.1 billion ($95.7b) while its profit almost doubled to roughly $US43b.

The California company also provided a forecast exceeding analyst projections while its chief executive Jensen Huang reinforced the demand for the company’s chips is still “skyrocketing”.

That description feeds into Huang’s thesis that the AI boom is still in the early stages of a buildout that will reshape society.

The chipmaker has regularly cleared the bar set by analysts in the past three years, often by a wide margin, but that hasn’t always been enough to satisfy investors who have become increasingly skeptical about whether AI will live up to all the hype surrounding the technology.

A significant amount of the money is expected to be earmarked to buy more Nvidia chips required to power their AI factories, just as has been the case for much of the past three years — as Nvidia’s annual revenue soared from $US27 billion ($A38 billion) to $US216 billion ($A304 billion).

Analysts expect the chipmaker’s revenue to surpass $US330 billion ($A464 billion) during the company’s next fiscal year.

“Our customers are racing to invest in AI compute — the factories powering the AI industrial revolution and their future growth,” Huang said.

Super Retail Group is cheering solid sales growth in the first half despite booking a near 20 per cent fall in statutory profit to $104 million.

Chief executive Paul Bradshaw said sales growth of 4.2 per cent across the group was set against a “competitive retail environment and challenging conditions, notably for rebel and BCF, during the period”.

SRG also owns the Super Cheap Auto and Macpac brands.

Total sales for the six months hit $2.2 billion, thanks to a 5.1 per cent jump at Super Cheap Auto and a 13.1 per cent improvement at Macpac. Rebel reported sales growth of 4.8 per cent but BCF managed just a 0.3 per cent gain to $250m.

“On a like-for-like basis, BCF sales declined by 1.6 per cent. A reduction in the number of transactions was driven by more challenged seasonal factors that were strongly favourable in the prior corresponding period,” the company said.

“Macro weather/environmental factors in South Australia and Victoria heavily impacted fishing, marine, and watersports categories in those regions, contributing to weaker overall performances across the southern States.”

SRG said like-for-like sales in the first eight weeks of the second half had been positive, with BCF reporting a return to growth and Super Cheao Auto delivering solid top-line growth.

But Rebel was still being affected by inventory availability challenges, following supply chain disruptions at a number of key suppliers.

The board declared an interim dividend of 32c a share.

Capricorn Metals has unveiled record profit metrics as high gold sales pour in.

The Karlawinda mine owner posted a record underlying profit after tax of $144.8 million, up 130 per cent on the same half last year.

If shifted 59,816 ounces of the precious metal for the period at an average price of $5,842 per ounce, generating revenues of $350m.

Gold production for the year is expected to land at the higher end of a 115,000 – 125,000/z guidance range.

“We remain fully funded internally to complete both the Karlawinda expansion and Mt Gibson developments while maintaining a strong net cash position,” Executive Chairman Mark Clark said on Thursday.

Net cash grew to $440.8m over the period while operating cashflow hit $204.7m.

Investors will receive a maiden fully-franked 5c interim dividend.

BlueScope says it is open to talks with the Stokes family’s SGH and America’s Steel Dynamics after the potential suitors lobbed a revised $15 billion bid for the steel maker earlier this month.

But in a letter today, chair Jane McAloon says the parties would first need to overcome what it branded “onerous conditions”, including “hard” excusivity rights that are “inappropriate given the nature of the revised proposal, which remains non-binding, indicative, conditional on your due diligence and arranging debt financing, and does not address the board’s valuation concerns”.

The “best and final” cash offer is equivalent to $34 a share - up 14 per cent from the initial offer - before the deduction of $1.65 of special and interim dividends declared by BlueScope in recent weeks.

The latest offer represents a 47 per cent premium to BlueScope’s share price before SGH and Steel Dynamics’ interest was revealed in January.

However, BlueScope investors have suggested they believe the company is worth $35-a-share or more, particularly now that an extended investment program by the target is beginning to deliver.

“Notwithstanding your ‘best and final’ statement, we consider that there are various ways to increase the value that BlueScope shareholders could receive,” Ms McAloon said in her letter.

“The board remains open to a transaction at a price that reflects the fair value of BlueScope.”

Shares in the takeover target will open trade today at $28.37.

Lynas Rare Earths has denied a payout to investors despite booking a more than 1200 per cent rise in half-year profit.

The Amanda Lacaze-led miner and processor of critical miners today reported revenue of $413.7 million for the six months to the end of Deceber - up 63 per cent on the same period a year ago.

That delivered a net profit of $80.2m - a staggering 1260 per cent leap from $5.9m a year earlier.

Earnings were up 300 per cent to $152.4m as sales volumes increased to 6050 tonnes - up from 5708t - at an improved average price of $68.40 a kilo.

But cost of sales spiked almost a third due to a 14 per cent increase in NdPr sales volume and a full six months of operating production and increased operational costs from its Kalgoorlie processing facility

Ms Lacaze said the global focus on rare earth supply chain security was reshaping the market “through government actions to address market dysfunction and supply challenges”.

“With the completion of the Lynas 2025 capital investment program during the half year, Lynas is the only company able to capture the full value of this market upside,” she said.

“This is due to our position as the only commercial producer of separated light and heavy rare earth oxides outside China today.”

Lynas ended the six months with just over $1 billion in cash.

Soaring profitability at Jetstar helped national carrier Qantas lifts its adjusted profit 5.1 per cent to $1.46 billion for the six month period ending December 31, 2025.

The group will pay a dividend of 19.8c per share and announced a share buyback worth up to $150 million as it boasted its customer satisfaction ratings are improving after a torrid few years of underinvestment.

Chief executive Vanessa Hudson attributed the result to a new fleet of more efficient aircraft as it continues to undertake the largest fleet renewal in its history.

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