Company Interview / Market Update | BHP, CSL, HUB24, Seek, Woodside

BHP's full year underlying profit plunged 26% to US$10.16 billion as iron ore prices remained under pressure due to oversupply concerns and slowing China demand. It's BHP's weakest performance since 2020. BHP's average realised price for its iron ore fell by 19% during the year, though that was partly offset by stronger prices for copper.

CSL plans to cut up to 15% of its workforce in a US$770 million restructure. CSL also plans to demerge its Seqirus vaccine business into a separate ASX listed entity by the end of FY26 and has committed to a multi-year on market sharebuyback starting with $750 million dollars in FY26.

Woodside has seen underlying net profit after tax fall 24% in the first half to $1.24 billion compared with previous corresponding period as lower prices offset increased production. The figure was in line with consensus estimates. Free cash flow was at $272 million, down more than 60% from the first half of FY24, while operating revenue increased 10% to almost $6.6 billion.

HUB24 is targeting a platform funds under admin range of between $148B-$162b for FY27 - saying momentum is continuing across all parts of the business after almost doubling its after-tax profits to $85.2 million for the 2025 financial year. Underlying earnings came in at just over $162 million, up 38% on FY24.

Seek is pointing to momentum in its Asian business - with higher yield and ad volumes there - alongside double digit yield growth across the business. That growth in yields helped offset macro headwinds and the impact of premium on paid ad volumes.