The ASX saw 22 actual earnings results and 12 trading updates land this week, out of 166 total announcements, with gold and small-cap resources names dominating the headlines. EVN led on market cap with a record FY26 cash flow result even as its shares slid alongside the gold price, while RRL lifted FY27 guidance only to see its stock fall sharply. Sentiment across the week's disclosures skewed positive (16 positive vs 1 negative of the classified announcements), though several mining names sold off despite operationally solid updates, reflecting broader weakness in gold and base metal prices.
\n\nEarnings Results
\n\nEvolution Mining (EVN)
\nEvolution Mining, the week's largest reporter by market capitalisation at roughly $22.3 billion, delivered on its FY26 guidance with 715koz of gold and 66kt of copper production at a sector-leading all-in sustaining cost of $1,717/oz. Group cash flow hit a record $1,389 million, with the June quarter alone contributing $374 million at a $2,104/oz margin, and the company ended the year with net cash of $1,347 million while becoming fully unhedged. A fully franked dividend of 406 cents was declared. Despite the strong operational performance, shares fell 9.6% over the week to $10.515, consistent with recent Kalkine coverage noting the stock has been under pressure as gold prices retreated below US$4,000/oz. Management flagged FY27 headwinds including 4-5% AISC inflation (adding $150-160/oz to costs) and higher capital spending as growth projects ramp up.
\n\nAnsell (ANN)
\nAnsell's release was procedural rather than substantive — the company confirmed its FY26 results will land on 24 August 2026, with an accompanying webcast. Shares nonetheless rose 1.5% for the week to $31.745. Recent commentary has been mixed: Kalkine noted the shares traded lower earlier in the period, while Simply Wall St flagged the stock could be undervalued following the appointment of a new CFO, leaving the actual FY26 numbers as the key event to watch next month.
\n\nChorus (CNU)
\nSimilarly, Chorus simply confirmed its full-year results date of 24 August 2026, with no financial detail disclosed this week. Shares gained 2.3% to $8.08, with Kalkine noting continued investor interest in the company's fibre network growth and dividend appeal.
\n\nL1 Long Short Fund (LSF)
\nL1 Long Short Fund posted a 12.7% quarterly return, well ahead of the ASX200AI benchmark's 4.0%, taking calendar-year returns to 12.5%. Gains were broad-based across contributors including Qantas, BlueScope and James Hardie, with the fund citing a recovery in positioning after a weaker first quarter linked to geopolitical tensions. Despite the strong result, shares fell 6.6% over the week to $4.39, a reminder that listed fund performance and near-term share price moves don't always move in lockstep.
\n\nWhitefield Industrials (WHF)
\nWhitefield Industrials reported Q1 FY27 net profit after tax of $4.4 million, up 11% year-on-year, with earnings per share up 9% to 3.6 cents on revenue of $5.6 million (up 10%). The investment portfolio returned 4.6% for the quarter and 10.7% per annum over three years, ahead of its benchmark, aided by holdings in ProMedicus, James Hardie and Aristocrat Leisure. A fully franked dividend of 10.5 cents was declared, continuing a track record of more than 30 years without a dividend cut. Shares rose 2.5% to $4.85 for the week.
\n\nAIC Mines (A1M)
\nAIC Mines delivered its third consecutive year of meeting production guidance, producing 13,064 tonnes of copper and 6,621oz of gold in FY26 at an AISC of $4.99/lb, generating net mine cash flow of $63.3 million. Revenue for the period was $240.6 million. The June quarter itself was softer, with AISC rising to $6.15/lb on elevated diesel costs and weather-related concentrate drying issues. Kalkine flagged the quarter's rising costs as the main takeaway, and shares fell 17.7% over the week to $0.605 — one of the sharper moves among this week's reporters, though the company also separately confirmed it will release FY27 guidance and a FY28-29 production outlook on 20 July.
\n\nAmplitude Energy (AEL)
\nAmplitude Energy reported record FY26 production of 27.6 PJe (up 3%) and record revenue of $285.8 million (up 7%), supported by a record realised gas price of $10.35/GJ. Net debt was cut by 85% to $37.2 million, with cash reserves up 121% to $138.0 million. Around 80% of CY2026 gas sales are already contracted. Shares rose 11.3% over the week to $1.5075, among the better performers this week, even as recent Kalkine coverage noted the stock remains down 39% over the past year. The company's East Coast Supply Project remains the key growth catalyst, with FID targeted for Q1 FY27.
\n\nWhitefield Income (WHI)
\nWhitefield Income reported net profit after tax of $16.0 million for its second full financial year since listing, up from $7.8 million in the prior (shorter) period — a jump that reflects the longer reporting period as much as underlying growth. Earnings per share came in at 7.9 cents. The portfolio returned 6.6% net of costs, ahead of its benchmark, and the company maintained its monthly dividend of 0.583 cents per share with a 0.300 cent half-year top-up. Shares were broadly flat, up 0.8% to $1.315.
\n\n29Metals (29M)
\n29Metals reported mixed operational results for the June quarter, with copper production at Golden Grove falling 25% quarter-on-quarter to 4.8kt on lower grades, while zinc production recovered to 3.1kt. Revenue of $164.4 million was roughly flat year-on-year (down 0.4%). The company maintained guidance and holds $202 million in liquidity to fund the Xantho Extended and Gossan Valley projects. Shares fell 9.2% to $0.2225 over the week.
\n\nPolymetals Resources (POL)
\nPolymetals reported a strong operational quarter, with revenue up 65% to $45.8 million as the Endeavor Mine restart gathered pace. Unit costs fell 27% quarter-on-quarter and operating cash flow turned positive at $10.4 million. Cash rose 26% to $29.1 million while debt fell 29%. Despite the improvement — described by Stocks Down Under as Endeavor "turning into a cash machine" — shares fell 20.8% over the week to $0.725, with Kalkine attributing some of the move to profit-taking after a strong run.
\n\nCryosite (CTE)
\nCryosite grew FY26 revenue 18% to $16.7 million and EBITDA 27% to $4.3 million, with EBIT up 35% to $3.4 million and NPAT up 20% to $2.3 million — margin expansion that Stocks Down Under attributed to improved capacity utilisation at its Ferndell Street facility. EBITDA margin expanded 180 basis points to 25.7%. Shares rose 4.0% over the week to $1.30.
\n\nMcPherson's (MCP)
\nMcPherson's flagged a weaker FY26, with revenue from continuing operations expected between $115.0-120.0 million, down from $139.0 million in FY25 (a decline of roughly 15.6% at the midpoint), and underlying EBITDA falling to $4.0-4.5 million from $7.3 million. The company attributed the decline to disruption from transitioning to a new operating model, including forecast variability and stock-outs. Non-cash intangible impairments of $15-20 million are expected, though net cash of $4.5 million was maintained with debt facilities undrawn. Shares fell 9.7% over the week to $0.14, and this was the week's lone announcement carrying a negative sentiment classification.
\n\nOther quarterly and fund reports
\nSeveral listed investment companies and note vehicles also reported this week. GFL (Global Masters Fund) saw NTA per share rise 6.3% to 442.8 cents on strong underlying portfolio gains, even as its share price slipped slightly. ECP (Emerging Growth) lifted NTA 8.4% to 103.4 cents, outperforming the ASX Small Ordinaries. FSI (Flagship Investments) underperformed its benchmark with a 1.8% quarterly return versus 3.5% for the All Ordinaries, while declaring a full-year dividend of 10.35 cents per share. LGF (L1 Gold Fund) reported a 10.9% decline since its April 2026 inception, tracking a roughly 17% pullback in gold prices, though it still outperformed the GDX gold equities benchmark's 20% fall.
\n\nTrading Updates & Guidance
\n\nRegis Resources (RRL)
\nRegis Resources lifted FY27 production guidance to 360-400koz at a group AISC of $2,990-3,390/oz, underpinned by higher Duketon output and development of the Rosemont underground project. The company also corrected a $26 million timing error in its reported cash and bullion balance. Despite the guidance upgrade, shares fell sharply — down 13.3% over the week to $5.65 — with Kalkine noting the stock was among several gold miners hit hard as broader sector weakness weighed on the sector.
\n\nKingsgate Consolidated (KCN)
\nKingsgate Consolidated confirmed it met FY26 production guidance, delivering 86,078oz of gold (up 15% on FY25) and 766,009oz of silver (up 22%), while holding A$179 million in cash, bullion and doré. Despite hitting targets, shares fell 21.8% over the week to $3.90 — the sharpest weekly decline among this week's larger-cap reporters — consistent with broader pressure on gold miners and reports the company had halted Plant 1 operations.
\n\nRyman Healthcare (RYM)
\nRyman Healthcare reported 325 occupation right agreement sales for the June quarter, comprising 265 resales and 60 new sales, with resale volumes stable year-on-year. The company reaffirmed FY27 build guidance of 157-168 units and remains on track for its FY29 target of $500 million in cash release. Shares fell 4.5% over the week to $1.70.
\n\nCity Chic Collective (CCX)
\nCity Chic guided to FY26 underlying EBITDA of $11.5-12.5 million, up 80-95% year-on-year, though global sales revenue fell 3.1% to $130.5 million. ANZ sales grew 7.6% but US sales fell 28.1% as the company deliberately reduced inventory in response to tariff-related uncertainty. Net cash stood at $5.2 million. Shares rose 3.7% to $0.056 over the week, though Kalkine had earlier flagged a much sharper intraday fall for the stock.
\n\nCoventry Group (CYG)
\nCoventry Group reported Q4 FY26 sales of $98.5 million, up 11.7% on the prior quarter and 6.0% year-on-year, with pre-AASB16 EBITDA of $4.1 million — nearly double the Q3 figure — as cost-out initiatives targeting $10 million in savings took effect. Shares jumped 23.4% over the week to $0.395, the standout mover among this week's guidance updates.
\n\nEtherstack (ESK)
\nEtherstack reported record H1 FY26 revenue of US$8.5 million, up 39% year-on-year and at the top end of guidance, and reaffirmed full-year guidance of US$17.2-18.9 million. New contracts from the Australian Border Force and UK Home Office supported order book growth, and the board announced a capital management review. Shares were flat over the week at $0.53.
\n\nHillgrove Resources (HGO)
\nHillgrove Resources received board approval to develop Emily Star as a third underground mining front at its Kanmantoo copper mine, requiring $20-22 million in capital, and lifted its 2026 major capital guidance to $15-17 million. All spending is to be funded from operating cash flow. Shares fell 4.8% over the week to $0.059.
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