The ASX recorded just one earnings result this week alongside six trading updates across 132 total announcements, with SXL delivering the week's most significant news as it slashed FY26 guidance and announced major cost cuts amid a weakening advertising market.
Earnings Result
Collins Foods (CKF) - Results Release Announcement
Collins Foods Limited announced it will release its FY26 financial results on Tuesday, 30 June 2026, with an investor briefing session scheduled for 11:00am AEST the same day. The KFC and Taco Bell franchisee's shares gained 4.5% during the week to $8.56. The company has been expanding its governance focus recently, adding a Zip director to its board, while analysts note its overseas growth strategy as it seeks to unlock value from what some view as an undervalued position.
Trading Updates & Guidance
Southern Cross Media (SXL) - Guidance Downgrade
Southern Cross Media delivered the week's most significant corporate update, slashing FY26 revenue guidance to $1,860-$1,870 million from $1,910-$1,920 million and underlying EBITDA to $185-$190 million from $200-$220 million due to materially weaker advertising market conditions. The Triple M and 7NEWS owner announced a major restructuring targeting $145-$150 million in annual run-rate savings and 250-300 job cuts by June 2026. The company also flagged a $65-$70 million non-cash provision for legacy TV content contracts. Shares fell 6.7% to 56 cents as media outlets described the cuts as a "bloodbath" amid the TV advertising slump.
Monash IVF Group (MVF) - Trading Update
Monash IVF Group revised its FY26 underlying NPAT guidance down to $17-18 million due to lower-than-expected Australian ART market activity in the second half. Despite the softer market conditions, the company gained 1.0% national market share to 20.1% and saw growth in international operations. Cost efficiency initiatives are underway with greater earnings contributions expected in FY27. Shares declined 1.4% to 68.5 cents during the week.
Vita Life Sciences (VLS) - H1 2026 Guidance
Vita Life Sciences provided H1 2026 guidance forecasting sales of $46.3-$47.3 million, up from $45.5 million in H1 2025, with pre-tax profit of $6.8-$7.3 million expected to remain in line with the prior year. The company cited solid growth in Australia and Malaysia/Singapore, offset by lower China exports, while maintaining a strong balance sheet with no debt. Shares slipped 1.0% to $2.535.
VEEM (VEE) - Factory Extension Update
VEEM completed its factory extension with 1,000m² of additional space and is receiving three new CNC machines for installation in Q1 FY27. The engineering company expects FY26 revenue of $50-52 million and EBITDA of $3.25-3.75 million, driven by defence orders and propulsion recovery. The company also took delivery of a 3D printer funded by a $1 million government grant. Shares surged 24.4% to 56 cents, making it one of the week's standout performers.
Rent.com.au (RNT) - Record Volumes
Rent.com.au reported record RentBond loan volumes in May 2026, with accelerating revenue growth and EBITDA improvement putting the company on track to achieve 2027 targets of EBITDA positivity and doubled revenue by Q2 FY27. The property fintech announced a new partnership with Homely.com.au expected to contribute additional volumes from June 2026, with recurring revenue now exceeding 75% of total revenue. Despite the positive trading update, shares fell 3.1% to 6.2 cents.
Tamawood (TWD) - Share Price Query
Tamawood's board stated it was unaware of any undisclosed information that would explain recent share price weakness on low trading volumes, confirming no changes to trading conditions since its April 10 update. The home builder's shares recovered 3.2% during the week to $2.56.
Weekly Price Movers
Notable Shareholder Movements
Institutional activity dominated substantial holder notices this week, with UBS Group AG establishing positions above 5% in both Temple & Webster Group (TPW) at 5.04% and Inghams Group (ING) at 5.05%. State Street Corporation also crossed the substantial holder threshold in multiple companies, taking 5.06% of Viva Energy Group (VEA), 5.04% of Deterra Royalties (DRR), and 5.01% of Chalice Mining (CHN). Meanwhile, Macquarie Group featured prominently in cessation notices, exiting substantial positions in WiseTech Global and Centuria Industrial REIT.
With the traditional reporting season still months away, next week's activity is likely to remain focused on trading updates and corporate actions as companies continue to navigate challenging market conditions, particularly in sectors like media and retail where consumer spending patterns remain under pressure.