1 October we become SureStone CapitalSame team, same ABN. Our website and email addresses move to surestone.com.au.
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Telstra (ASX: TLS) says it finished FY25 strongly - telling the market it plans to double-down on connectivity and "radical" innovation in the core business as part of a new five-year strategy from FY26. Telstra says it will focus on growing cash earnings to FY30 - growing underlying return on invested capital to 10% by 2030 - alongside disciplined portfolio and capital management. It will also put a renewed focus on cutting costs, with a greater focus on positive operating leverage. FY25 net profit came in at $2.3 billion dollars - on earnings of $8.6 billion - with underlying EPS of 19.1 cents. Telstra has also entered into a strategic partnership with Infosys through the sale of a 75% stake in Versent Group. This is also part of the so-called "Connected Future 30 strategy."Total FY25 dividends hit 19 cents per share fully franked - with $750 million dollars of a $1 billion dollar share buyback complete.
Westpac (ASX: WBC) has posted quarterly stat net profit of $1.9 billion dollars - up 14%- pre-provision profit was up 6% with revenue increasing 4% and expenses rising 3%. The bank's net interest margin was up 5 basis points to 1.85%. CEO Anthony Miller points to strength in busines and institutional banking (quote: We grew strongly in business and institutional banking...). Miller says the bank is committed to supporting the goverment's upcoming economic roundtable - with three key priorities being increasing housing supply, investing in the regions and accelerating the energy transition.
Suncorp's (ASX: SUN) net profit hit $1.8B dollars - on cash profits of close to $1.5 billion. NPAT included $252 million dollars in one-offs, including the sale of Suncorp Bank. Gross written premiums came in at $15B - with topline growth driven by the pricing of claims inflation and a higher natural hazards allowance. However, Suncorp says growth slowed in the second half as inflationary pressures eased and competition increased. Suncorp will buyback $400 million dollars worth of shares in FY26 - and will pay a 49 cent per share final dividend. In a continuation of the trend amongst the insurers - gross written premium growth is expected to slow as pricing moderates in line with easing inflationary pressures.
The ASX's FY26 operating expenses are expected to continue increasing... by $25 to $35 million dollars this financial year. CEO Helen Lofthouse acknowledged the challenges faced by the market operation over FY25.... Saying a focus on risk, compliance and its operating frameworks is the focus - along with continued tech modernisation. For FY25, the ASX total expenses were up by 7.2% to $460 million. Over the past financial year, statutory net profit was up 6 percent to just over $502 million, driven by growth in operating revenue and net interest income. The ASX will pay a $1.12 fully franked final dividend. The market will be watching for detail on executive and remuneration....
Pro Medicus (ASX: PME) CEO Dr Sam Hupert has flagged that FY25 was an "unprecedented" years in terms of converting opportunities into sales... but says the opportunity pipeline remains strong. Dr Hupert says the majority of contracts signed in second half of FY25 will deliver revenue in FY26. FY25 saw a record of new contract wins for Pro Medicus; net profit rose 39.2 percent to $115.2 million. Revenue growth was supported by a strong North American segment, , up 35.8% in FY25. PME will pay a fully franked final dividend of 30 cents per share.
Origin Energy’s (ASX: ORG) annual profit jumped 26 per cent, driven by gains from its LNG operations that outweighed weaker retail energy earnings. Underlying net profit rose to $1.49 billion - up from $1.18 billion and broadly matching consensus estimates. The energy markets, spanning generation and retail, delivered $1.4 billion in gross earnings — the top end of May’s upgraded guidance — with higher profits forecast for FY26.Part-owned UK retailer Octopus Energy booked an $88 million underlying gross loss as heavy growth investment continued. CEO Frank Calabria described the outlook as “positive.” The final dividend rose to 30¢ a share.
