1 October we become SureStone CapitalSame team, same ABN. Our website and email addresses move to surestone.com.au.
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Overnight, US markets were mixed, while oil prices fell after the Trump administration announced an expansion of possible secondary sanctions on Iran.
Woodside Energy (WDS) reported a 13% increase in first-half operating revenue to US$7.5 billion, while underlying profit rose 7% to US$1.3 billion, slightly below market expectations. Woodside said its Scarborough LNG project remains on track to deliver its first LNG cargo in the December quarter. The company is targeting US$350 million in annual cost savings from 2028 following a business review and declared a fully franked interim dividend of US57 cents per share, representing an 80% payout ratio.
Coles (COL) delivered a solid result, with underlying profit rising almost 14% to $1.26 billion, despite a $165 million after-tax impact from its wage underpayment case. Excluding significant items, net profit increased 1% to $1.09 billion. Supermarkets remained the strongest performer, with sales excluding tobacco up 5.1%, while liquor sales fell 3.3% amid ongoing cost-of-living pressures. Coles said supermarket sales growth in the first eight weeks of FY27 remained broadly consistent with the fourth quarter. The company declared a fully franked final dividend of 37 cents per share, taking the FY26 total to 78 cents, up 13%.
Scentre Group (SCG) upgraded its earnings outlook following a stronger-than-expected first half, with funds from operations rising 4.4% to $612 million and distributions increasing 4.9% to $481 million. Full-year FFO guidance was lifted to at least 23.79 cents per security, up 4.25%. Customer traffic increased 3.5% to 347 million visits in the first half, while occupancy reached 99.8%, its highest level since 2013. Scentre’s development pipeline has also grown to around 25,600 potential dwellings, highlighting its longer-term expansion beyond traditional retail.
Fisher & Paykel Healthcare (FPH) reported FY26 operating revenue of $2.31 billion, up 12% in constant-currency terms. Net profit after tax increased 28% to $468.5 million. The company approved a total dividend of 52 cents per share and expects FY27 operating revenue of between $2.47 billion and $2.5 billion, with NPAT forecast at $525–565 million.
Nanosonics (NAN) expects revenue to grow in FY27, although the company warned that tariffs and higher freight costs resulting from geopolitical disruption could put pressure on margins.
SiteMinder (SDR) more than halved its FY26 net loss to $11.3 million, while EBITDA more than tripled to $24.4 million. Revenue increased 19%, despite softer travel conditions linked to geopolitical tensions. The company’s cloud-based software platform continued to support growth, with average revenue per user increasing 6%.
