1 October we become SureStone CapitalSame team, same ABN. Our website and email addresses move to surestone.com.au.
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Santos (ASX: STO) has announced a delay in the takeover bid that's been led by Abu Dhabi's national oil company. The Australian oil and gas giant says the $36 billion deal will require at least four more weeks to finalise the terms, meaning it will miss this week's earnings deadline. Santos has deferred its half year results to August 25th to align with the conclusion of the XRG Consortium's exclusivity period.
Breville (ASX: BRG) is paying a full-year dividend of 37 cents per share - As it warns it will face a significant input cost increase in FY26 and FY27 for US-based sales. Breville says it is actively pursuing cost mitigants...but will not be in a position to offer FY26 guidance until the first half results. Revenue climbed close to 11% to $1.69 billion - on net profit of $135.9 million dollars - up 14.6%. Gross margin held broadly steady at 36.6%. Potential US tariff impacts in the second half of FY25 were largely mitigated by a tactical pull forward of US inventory before April..... Breville's MD Jim Clayton says the manufacturing diversification program continues to progress, with locations in Mexico and Southeast Asia emerging to compliment China. Breville says it is a story of macro headwinds competiting against company specific tailwinds.
James Hardie (ASX: JHX) is plummeting after forecasting full-year underlying earnings below estimates - as elevated borrowing costs in the U.S. and tariffs dampen housing market activity and demand for its products. James Hardie forecast adjusted operating earnings between $1.05 billion and $1.15 billion for FY26. It earned $1.1 billion in FY25. North America sales declined 12% to $641.8 million in the quarter. Adjusted net income fell to $126.9 million in the first quarter - from $177.6 million last year. On the controversial AZEK acquitision - James Hardie says the integration is on track with early cost synergies achieved and quick commercial wins as well.
Stockland (ASX: SGP) set its sights on faster profit growth in the new fiscal year - riding renewed activity in residential homebuying as interest rates come down. It expects funds from operations per security of between 36.0 Australian centsand 37.0 cents in FY26. Stockland points to the positive performance of a dozen masterplanned communities bought from Lendlease late last year. Stockland provided the forecast alongside an annual net profit of $826 million forF FY25. Revenue totaled $3.13 billion. Stockland declared a final dividend of 17.2 Australian cents. Stockland expects between 7,500 and 8,500 residential settlements in FY26.
APA's (ASX: APA) underlying earnings came in towards the top end of guidance - rising 6.4% to $2.10 billion dollars. Underlying earnings margins increased to 74.2% which the company says reflects strong asset performance and cost cutting.
