ASX Weekly Earnings Review — 27 June 2026

Four companies reported actual earnings this week against six trading updates and guidance revisions, out of 178 ASX announcements tracked. The headline result came from MTS, which posted flat revenue and a slight profit decline in its FY26 result, while SGL (SunRice) delivered a record dividend despite softer revenue. On the guidance side, sentiment was mixed: TEA and CLX flagged strong earnings growth, while HCL cut its outlook and BBN shares fell sharply on a trimmed FY26 update.

Earnings Results

Metcash (MTS)

Metcash's FY26 result showed revenue essentially flat at $17.35bn, up 0.2% on the prior year, with underlying EBITDA rising 1.9% to $761.7m. Underlying NPAT, however, declined 2.4% to $268.8m. The Food pillar was the standout, with EBIT up 5.4% to $261.8m on ex-tobacco sales growth of 5.4%, while Hardware & Tools grew revenue 4.3% to $3.7bn despite softer retail conditions in that category. Liquor held its ground, lifting market share to 32.3%, though the division's first half was weaker. The company declared a fully franked final dividend of 9.5 cents, taking the full-year payout to 18.0 cents at a 73.6% payout ratio. Shares closed the week at $3.055, down 3.9%, with commentary from Kalkine pointing to questions around what is driving the share price lower even as the company frames FY26 cash generation as a platform for FY27.

SunRice Group (SGL)

SunRice reported two overlapping FY26 filings this week, both showing revenue of roughly $1.80bn, down around 2.5-2.7% on the prior year, against NPAT of $73.3m, up approximately 4% year-on-year. The company attributed the revenue softness to FX headwinds and lower Australian crop yields, but held its EBITDA margin steady at 8% through cost discipline and an improved geographic earnings mix. The result comes with a record fully franked dividend of 70 cents per B Class Share, up 8% on the prior year, split between an increased interim dividend of 20 cents (from 15 cents) and a final dividend of 50 cents. Management struck a more cautious tone on FY27, guiding to revenue slightly below FY26 levels and NPAT