1 October we become SureStone CapitalSame team, same ABN. Our website and email addresses move to surestone.com.au.
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Shares in stock market operator, the ASX (ASX:ASX), have slumped after a market update. The ASX says it expects total expenses to rise by 18 to 21 percent in the 2027 financial year. That's driven by higher technology spending, regulatory remediation related to the ASIC inquiry, and growth investments.
Goodman Group (ASX:GMG) has doubled down on data centres amid demand for artificial intelligence. It says data centres account for 73 percent of the group's $14.5 billion work in progress.The company says its total portfolio is $87.1 billion dollars. It says more than 40 percent of work in progress is either pre-sold or being built for third parties or partnerships. The firm says it on track for 9-percent operating EPS growth.
Fisher & Paykel Healthcare (ASX:FPH) saw a rise in revenue and profit for the year.. Net profit after tax rose 24% from the year before to $NZ468.5-million dollars. Total operating revenue increased 14 percent to $2.31 billion NZ dollars. The company will pay a final dividend of 33-cents a share.
Aged care operator Ryman Healthcare (ASX:RYM) saw its net loss for the year narrow. It posted a net loss of 171.3 million New Zealand dollars for the 12 months to March 31st, down from a $514-million dollar loss in 2025. Full year revenue came in at 856 million NZ dollars, up more than 12- percent. Net tangible assets per share declined to 4 dollars and the company will not pay a dividend for the period. The firm says the reset of the business is translating into improved performance and its first positive free cashflow in more than a decade.
Mineral Resources (ASX:MIN) and its Chinese joint venture partner have approved a $490-millon dollar expansion of the Mount Marion lithium operation in Western Australia. The investment will be spent across the 2027 and 2028 financial years. It includes $240-million for the flotation plant and $220-million for underground mine development.
Online retailer Kogan.com (ASX:KGN) has boosted earnings for the the 10 months to April on stronger Australian sales, with group adjusted EBITDA up 17.4 per cent to $37.5 million. Gross profit was up 11 per cent to $178 million, gross sales rose 13 per cent and gross margin expanded to 41 per cent. But the positive result was weighed down by a sharp deterioration at its New Zealand business Mighty Ape, where gross sales fell 14% and revenue dropped almost 29%. Kogan says Mighty Ape continues to undergo a restructure which includes a shift to a more capital-light model.
