ASX Weekly Earnings Review — 11 July 2026

It was a quiet week for genuine earnings releases on the ASX, with just 7 actual results against 12 trading updates or guidance statements out of 117 total announcements. The gold miners dominated the guidance calendar — CMM, RRL, BGL and ALK all confirmed FY26 production at or near the top of guidance ranges — while FBU lifted its FY26 profit outlook and PNR disappointed with a production miss. Sentiment across the week skewed positive overall, with seven announcements flagged positive against just two negative.

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Earnings Results

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Genuine reported financial results were scarce this week. Most companies in the earnings_results dataset were in fact administrative notices — release date confirmations from CAR Group, PFP and 3PL, and a quarterly report advisory from SFR — rather than substantive earnings. The two releases with real operating detail were Fletcher Building's guidance upgrade and Pantoro Gold's FY26 production result.

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Fletcher Building (FBU)

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Fletcher Building lifted its FY26 EBIT guidance by 6.4% to a range of $400-403m, which includes $52m from property sales, with underlying EBIT now expected at $348-351m. Management pointed to improved manufacturing productivity, more favourable raw material procurement and greater use of low-cost scrap in the Light Building Materials division, alongside strong demand at Iplex as customers in both New Zealand and Australia brought forward purchases ahead of scheduled price increases. The company flagged that macro uncertainty and cost inflation are delaying commercial projects, a trend it warned could weigh on the first half of FY27 if it persists. Shares closed the week up 7.1% at NZ$2.955, a solid share price response consistent with reports the upgrade was accompanied by caution around the following financial year.

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Pantoro Gold (PNR)

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Pantoro Gold produced 77,408 ounces in FY26, below expectations, as acute labour shortages for underground contractors at its OK and Scotia mines in Western Australia hampered output, even as open pit operations performed to plan. The balance sheet told a more encouraging story: cash and gold holdings grew to $223.4m from $175.8m, the company remains debt-free, and it invested $54m in exploration and $67m in major projects during the year. Looking ahead, FY27 guidance calls for 90,000-105,000 ounces at an AISC of $2,800-$3,400/oz, with production weighted to the second half as new ore sources including Green Lantern and O'Briens Reef, plus the Mega Resources partnership, come on stream. The market's reaction was pointed — shares fell 12.8% over the week to $2.085 — and coverage across simplywall.st and Yahoo Finance framed the move as a direct response to the guidance miss and the turnaround plan management has now put forward.

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Trading Updates & Guidance

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Capricorn Metals (CMM)

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Capricorn Metals delivered FY26 production of 123,589 ounces from its Karlawinda Gold Project, at the top end of its 115,000-125,000 ounce guidance range, with Q4 alone contributing 30,437 ounces. AISC is expected to land within the $1,530-$1,630 per ounce range. Despite hitting guidance, shares slipped 5.0% over the week to $13.33, with Kalkine noting the pullback came even as the company advanced project expansion plans.

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Regis Resources (RRL)

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Regis Resources also hit the top end of its range, producing 379koz for FY26 against guidance of 350-380koz, with Q4 output of 101.5koz up 12% on the prior quarter. Cash and bullion on hand reached $1.21 billion at year end. Shares were largely steady, down 1.1% for the week to $6.555.

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Bellevue Gold (BGL)

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Bellevue Gold's June quarter production of 41,643oz beat the midpoint of guidance, taking full-year FY26 output to 143.5koz within the upper half of its 130-150koz range. The company also strengthened its balance sheet, with $206.4m in cash and gold on hand, and cut hedge book commitments by 23koz to 68.7koz. Shares were little changed, down 1.1% to $1.315 for the week.

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Alkane Resources (ALK)

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Alkane Resources reported full-year gold equivalent production of 168,337oz, including 42,491oz in Q4, landing in the top half of its 160,000-175,000oz guidance range. The company holds a strong liquidity position, with $454m in cash and $549m in total liquidity. Shares were roughly flat over the week, down 1.0% to $1.425, following a run that has already seen the stock more than double over the past year according to recent commentary.

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Orezone Gold (ORE)

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Orezone Gold issued its first guidance for the Casa Berardi mine, acquired on 25 March 2026, projecting 62,000-67,000 ounces of production and all-in sustaining costs of US$2,600-US$2,800 per ounce for the post-acquisition period to year end. Shares fell 4.0% over the week to $2.38.

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Bravura Solutions (BVS)

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Bravura Solutions upgraded its FY26 outlook, with Cash EBITDA now expected at approximately $77m, up from prior guidance of $69m-$73m, while revenue guidance was maintained at $280m-$285m. The company attributed the improvement to stronger project services demand and improved cost discipline. The market responded firmly, with shares up 12.7% over the week to $2.345 — Stocks Down Under noted the upgrade suggests margin improvements are finally showing through in the numbers.

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Jumbo Interactive (JIN)

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Jumbo Interactive revised its FY26 outlook with a mixed message: Dream UK EBITDA guidance was lowered to £7.0m-£7.3m due to increased investment and market testing, while Dream US EBITDA guidance was lifted substantially to US$5.2m-US$5.5m on higher draws and timing changes. At the group level, underlying EBITDA is now expected to grow 20-24% to $82-85m, though underlying NPAT growth is modest, guided at -2% to 3%, reflecting the additional investment being ploughed into the US business. Shares rose 11.1% over the week to $7.20, with commentary suggesting the market is focused on the US growth story rather than the softer NPAT outlook.

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Kina Securities (KSL)

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Kina Securities lifted its FY26 NPAT guidance to PGK132-138 million, a 15-20% increase on the prior year's PGK114.6 million, supported by continued revenue growth and a lower corporate tax rate. This was partially offset by payment system interoperability delays, lower government security yields, FX margin pressure and currency depreciation. Shares eased 2.7% over the week to $1.27.

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Adairs (ADH)

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Adairs provided a downbeat trading update, guiding FY26 sales to $640.0-641.5m, up 3.7% year-on-year, but underlying EBIT to $53.5-55.5m, down 1.3%. The headline item was a non-cash impairment charge of $62-68m against its Focus on Furniture business, reflecting continued earnings deterioration and competitive pressure in that unit. Stocks Down Under noted that the core Adairs brand is in fact growing EBIT around 15%, with the impairment obscuring an otherwise solid performance at the group's main banner. Shares were little changed on the week, down 1.0% to $1.49.

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Fenix Resources (FEX)

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Fenix Resources confirmed FY26 production of 4.4 million wet metric tonnes, with a record June quarter of 1.3Mt, up 33% on the prior quarter. FY27 guidance points to further growth, targeting 4.7-5.3Mt at C1 cash costs of A$70-80/wmt, a roughly 14% increase in production at the guidance midpoint while holding costs broadly in check. Shares were flat over the week at $0.255, despite reports of a sharp single-day gain following the announcement.

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Top Movers

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Weekly Price Movers

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Notable Shareholder Movements

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Substantial holder notices dominated the announcement volume this week, with 89 of the 117 filings falling into this category — mostly routine index-fund adjustments. Among the more notable: State Street Corporation crossed the 5% threshold in three separate companies — DVP (5.01%),