1 October we become SureStone CapitalSame team, same ABN. Our website and email addresses move to surestone.com.au.
Preparing video
The ASX 200 was trading 0.4% higher around an hour into today’s session, with local investors positioning ahead of key inflation data and a busy corporate reporting season. Australian bond yields have also moved higher, with five-year yields attracting attention as investors weigh fixed-income returns against equities. Overseas markets were firmer overnight, with investors focused on Nvidia’s highly anticipated earnings.
Woolworths reported an 18% increase in full-year profit to $1.14 billion, supported by stronger supermarket sales and a return to profitability at Big W. Underlying profit was close to $1.6 billion, while group sales rose 3.6% to $71.5 billion. The result was impacted by $461 million in significant items, including provisions relating to underpaid staff.
Australian supermarket sales strengthened throughout the year, with growth accelerating in the second half as customers increased basket sizes. Online sales continued to grow and now account for around 16% of supermarket sales. Woolworths said strong momentum has continued into FY27, with sales increasing in the first eight weeks, helped by its Disney collectibles campaign, which the company estimates added around two percentage points to growth. A final dividend of 52 cents per share was declared, up almost 16%, while shares rose around 6%.
WiseTech Global delivered a 79% increase in full-year revenue to a record US$1.4 billion, largely reflecting its acquisition of E2open. The acquisition contributed to an 11% decline in reported profit to just over US$200 million, although underlying net profit increased 29% to US$313.5 million.
The logistics software company delivered around US$115 million in annualised cost savings and reported 11% growth in CargoWise revenue. Its Value-Added Services model helped increase new customer signings by around 30%. WiseTech expects FY27 revenue growth of 6–10%, supported by increased adoption of generative AI across CargoWise and new products including VerifyWise. A fully franked final dividend of 8.8 cents per share was declared, up 14% year-on-year.
Nine Entertainment reported a 7% increase in net profit after tax to $142.4 million, despite continued pressure on traditional free-to-air television advertising. FY26 revenue increased 3% to $2.19 billion, while statutory net profit rose to $511 million following the sale of its stake in Domain.
Nine recorded an after-tax impairment of more than $400 million on its television business, reflecting challenging broadcast advertising conditions. Its Stan streaming platform was a standout performer, with record earnings of $80.6 million, up 34%, driven by Premier League sports content. Nine is shifting its focus towards growth businesses including Stan, Nine Outdoor and digital publishing, which it expects to generate the majority of revenue and earnings next year. The company declared a 7.5-cent-per-share dividend, with shares rising around 10%.
Flight Centre said Middle East hostilities reduced fourth-quarter profit by around $60 million, contributing to a 4% decline in FY26 underlying profit before tax to $278 million.
Despite the disruption, transaction value reached a record $25.7 billion. Corporate travel was the standout, with profit increasing 28% to $240 million, more than offsetting a 22% decline in leisure earnings. Flight Centre said there are signs of a recovery in leisure travel, with July transaction value reaching a record and profit at its strongest July level since 2015. US and UK bookings have also improved. The company plans to provide FY27 guidance in November.
Domino's underlying net profit was in line with previous guidance at just under $122 million, but the company experienced a challenging year, with group same-store sales falling 4.1%. European same-store sales declined 2.2%, while Asia fell 6.7%.
Statutory net loss reached $134.2 million, with revenue declining 11%. Domino's is continuing to focus on franchise partner profitability, improving margins and reducing its reliance on discounting. The company plans to expand a revised pricing and operating model beyond Western Australia after the trial lifted average store earnings by more than 30%. A final dividend of 32.5 cents per share was declared, while shares fell more than 11%.
Lovisa reported strong trading momentum, with total sales rising 16.4% in the first eight weeks of FY27, with momentum improving through August.
FY26 revenue increased 17%, supported by a 29% increase across the Americas and Europe. Comparable-store sales rose 2%, while margins improved by 60 basis points. Net profit increased 11% to $95.6 million. Lovisa declared a 50% franked final dividend of 33 cents per share and said it will continue focusing on store rollouts, supported by strong cash generation and available debt facilities
