Full-year reporting season hit its stride this week, with 63 actual earnings results and 9 trading updates lodged among 229 ASX announcements. CBA delivered the standout number of the week — a 7% rise in cash profit to $11.0 billion — but investors sold into the result, and the same pattern played out across the banking and insurance sectors, with TLS, QBE, IAG and SUN all posting solid or improved earnings yet finishing the week lower. Overall sentiment across the announcements skewed positive (34 positive versus 10 negative), though share price reaction suggests the market had already priced in much of the good news.
Major Earnings Results
Commonwealth Bank of Australia (CBA)
Commonwealth Bank's FY26 result was the week's headline event. Cash NPAT rose 7% to $10.98 billion on revenue of $30.15 billion, also up 7%, with pre-provision profit climbing 6% to $16.5 billion and return on equity improving 50 basis points to 14.0%. The bank grew at or above system in all five core domestic product categories for the first time — a feat CBA says no major Australian bank has achieved in the past 15 years — though this came against higher operating expenses and a 9% rise in loan impairment expense to $788 million. The final dividend was lifted to $5.05. Despite the strong numbers, CBA shares fell 6.0% over the week to $167.28, with Morningstar noting fair value estimates were nonetheless increased following the result, and Motley Fool observing the share price came under scrutiny even as profit and dividend both rose.
Telstra Group (TLS)
Telstra's FY26 result showed profit growth of 3.2% to $2,241 million even as revenue slipped 0.8% to $22,937 million. Underlying EBITDAaL grew 4.0% to $8.3 billion and cash EPS rose 14% to 25.5 cents, reflecting continued cost discipline. Total dividends increased to 21 cents per share (90.5% franked), and the company completed a $1.25 billion buyback while flagging a further $1 billion buyback. Shares eased 4.2% for the week to $4.77, with analysts revising estimates following the print, according to Simply Wall St, while Rask Media described the update as a solid result underpinned by ongoing capital returns.
Transurban Group (TCL)
Transurban's FY26 proportional revenue rose 6.5% to $4,047 million and proportional operating EBITDA grew 7.5% to $3,063 million, with traffic up 2.2% across all markets. Statutory NPAT more than doubled from a low prior-year base, reflecting one-off items rather than a genuine operational surge, so the dollar figures (rising from roughly $133 million to $366–432 million depending on measure) are the more meaningful gauge. The full-year distribution increased 6.2% to 69.0 cents, covered 98.1% by free cash, with FY27 guidance of 72 cents flagged. Shares fell 3.3% over the week to $14.04.
QBE Insurance Group (QBE)
QBE's half-year net profit rose a modest 1% to $1,033 million, but insurance revenue jumped 10% to $11,953 million on 6% constant-currency premium growth across International and North America. The combined operating ratio held steady at 92.8% despite ongoing claims inflation in Accident & Health, with catastrophe costs of $445 million coming in below the $517 million allowance. The interim dividend was set at 33 cents. Shares dropped 6.4% over the week to $22.86; Yahoo Finance and Kalkine both flagged the market reassessing QBE's growth outlook and pricing cycle even as gross written premium and adjusted earnings improved.
Sigma Healthcare (SIG)
Sigma's filing this week was a heads-up rather than a result — the FY26 numbers themselves are due on 27 August. The company confirmed a new segment structure splitting Australia and International operations, with FY25 comparatives recast accordingly. Shares were little changed, down 0.2% to $2.975, as the market awaits the substantive release; Kalkine flagged this as a watch-list item ahead of the full report.
News Corp (NWS)
News Corp grew continuing-operations revenue 7% to $9,028 million in FY26, but net income fell 51% to $573 million, largely because the prior year included a $692 million gain from discontinued operations. Dow Jones generated $2,497 million in revenue with $663 million EBITDA, while Digital Real Estate Services (including REA Group) contributed $2,016 million in revenue and $741 million EBITDA. Shares slipped 2.8% to $46.49 for the week, with Kalkine noting investors are weighing the diversified media portfolio against the profit decline.
Computershare (CPU)
Computershare lifted FY26 revenue 4.6% to $3,257.5 million, with statutory net profit up 1.9% to $618.7 million and management-adjusted underlying profit up 7.1% to $849.8 million. Issuer Services, Corporate Trust and Employee Share Plans all grew strongly, while FX tailwinds of $53.2 million helped offset losses from the UK Mortgage Services disposal. The dividend was raised to $1.20. Shares fell 5.9% over the week to $40.39, even as Kalkine highlighted the dividend lift outpacing headline profit growth and Simply Wall St flagged the stock trading well below fair value estimates.
Suncorp Group (SUN)
Suncorp's FY26 result was the week's clearest earnings decline among the majors: revenue fell 4.0% to $16,769 million and net profit dropped 34.2% to $1,027 million, reflecting tougher underwriting conditions. The company nonetheless maintained a fully franked payout of $0.80 per share, including a $0.10 special dividend. Shares actually rose 1.9% for the week to $19.705, with Motley Fool noting the announced buyback alongside the dividend as a key offset to the profit fall.
Origin Energy (ORG)
Origin's statutory profit rose 6.3% to $1,574 million, but underlying profit fell 22.2% to $1,159 million as lower oil-linked earnings hit the Integrated Gas division. Energy Markets was the bright spot, with underlying EBITDA up 21.1% to $1,701 million and customer churn well below market average. The fully franked dividend was held at 60 cents, and FY27 Energy Markets EBITDA guidance of $1,550–1,850 million points to battery capacity offsetting softer wholesale prices. Shares jumped 11.3% over the week to $12.04 — the standout mover among large caps — with AFR reporting the company's battery strategy is being pitched as a way to capture data-centre demand.
Insurance Australia Group (IAG)
IAG's FY26 revenue grew 15.1% to $21,299 million, boosted by the RACQ Insurance acquisition, but net profit fell 24.8% to $1,022 million on a $309 million deterioration in natural perils experience. The full-year dividend was still lifted 5% to 32.0 cents, and FY27 guidance points to 5–8% GWP growth with a 14.5–16.5% insurance margin. Shares fell 6.4% for the week to $8.08; Motley Fool reported the stock dropped roughly 7% on the day of the result despite a $1.3 billion increase in gross written premium.
SGH Limited (SGH)
SGH delivered FY26 revenue of roughly $10.6 billion, broadly flat, with underlying NPAT little changed at $920 million. Reported NPAT rose 34.8% to $655.3 million, aided by improved equity-accounted investee results and lower finance costs. Boral was a key contributor, with EBIT up 14%. The fully franked dividend was maintained at 64 cents, and net tangible assets per share rose to $7.33. Shares fell 9.5% for the week to $41.505 — one of the larger declines among reporting companies — with AFR quoting chairman Kerry Stokes describing economic uncertainty as leaving the economy "in limbo."
ASX Limited (ASX)
ASX grew operating revenue 13.3% to $1,254.6 million in FY26, with all four business units contributing, but statutory NPAT fell 3.5% to $484.9 million after a $20.5 million ASIC penalty and related settlement costs. Underlying NPAT rose 5.2% to $536.4 million. The dividend payout ratio was trimmed to help fund a $150 million capital charge tied to ASIC's governance findings, leaving total dividends down 7.5% to 206.5 cents. Shares rose 1.8% for the week to $58.61, even as Simply Wall St flagged margin pressure and an uncovered dividend.
CAR Group (CAR)
CAR Group's FY26 proforma revenue grew 6% to $1,253.3 million and adjusted NPAT rose 8% to $407.2 million, with proforma EBITDA margin expanding to 56%. Growth was broad-based across Australia, Brazil, South Korea and North America. Shares rose 9.2% over the week to $29.51 — among the stronger performers of the results season — with Kalkine pointing to a bullish technical breakout pattern following the print.
AGL Energy (AGL)
AGL's FY26 underlying NPAT fell 2% to $631 million on revenue down 5.2% to $13,590 million, both in line with guidance, while statutory profit rose sharply to $756 million from a low prior-year base. The fully franked dividend was held at 50 cents. FY27 guidance of $1,900–2,200 million EBITDA and $470–670 million NPAT reflects continued softer wholesale prices offset by the ramp-up of AGL's battery portfolio. Shares rose 7.2% for the week to $8.825, with AFR noting the company is positioning its battery strategy as a hedge against falling power prices.
Almonty Industries (AII)
Almonty's Q2 result reflects an extreme swing driven by tungsten pricing rather than a repeatable operating trend: revenue rose from a very low base to $43.0 million as European APT tungsten prices jumped from US$453/MTU to US$3,075/MTU, and the company moved from a $58.2 million loss to $181.8 million in net income. An oversubscribed US$800 million convertible notes raise lifted cash to C$1.2 billion, and the company secured a six-year offtake extension with 40% higher volumes. Shares were little changed for the week, down 1.4% to $19.22.
Seek (SEK)
Seek's FY26 net revenue grew 10% to $1,198.9 million (sales revenue up 17% to $1,284.2 million), with adjusted profit up 28% to $199.1 million and EBITDA up 15% to $530 million, its fourth consecutive half of positive operating leverage. However, reported results swung to a $306.5 million loss from a $238.3 million profit a year earlier, driven by a $201.2 million loss on the SEEK Growth Fund and $304.4 million of significant items including a Zhaopin impairment. The dividend rose 13% to 52 cents. Shares fell 2.0% for the week to $15.115, with Rask Media reporting a sharper 14% single-day fall on a weaker FY27 outlook.
MFF Capital Investments (MFF)
MFF Capital's FY26 net profit fell 63.1% to $159.6 million, down from $432.0 million, as portfolio mark-to-market gains normalised from an elevated prior year. Net assets still grew 3.3% to $2,523.0 million, and the final dividend was lifted to 11.0 cents fully franked, with the board flagging an intention to raise the six-monthly payout to 12.0 cents from December. Shares were broadly flat for the week, down 0.7% to $5.35.
Charter Hall Long WALE REIT (CLW)
CLW delivered modest FY26 growth, with operating earnings and distributions both up 2.0% to 25.5 cents per unit. Occupancy remained high at 99.9% with a 9.2-year WALE, and the trust completed a $2.0 billion refinance that reduced margins and extended debt maturities. FY27 guidance implies flat earnings. Shares fell 6.8% for the week to $3.58, with Simply Wall St noting the stock continues to trade below net tangible assets.
HomeCo Daily Needs REIT (HDN)
HDN grew FY26 revenue 4% to $379.4 million, with statutory profit up 44% to $361.6 million aided by a $188.8 million fair value gain. FFO rose 2.5% to $187.1 million (9.0 cents per unit), and the trust refinanced onto an unsecured debt platform with facility limits increased by $300 million. Distributions were set at 8.6 cents per unit. Shares fell 10.7% for the week to $1.1525 — the steepest decline among the larger reporting names — with Simply Wall St pointing to rising interest costs weighing on the unit price relative to NTA.
Trading Updates & Guidance
ANZ Group Holdings (ANZ)
ANZ's third-quarter trading update showed cash profit of $1.90 billion, up 1% on the first-half quarterly average, and statutory profit of $1.95 billion, with CET1 at 12.51%. The quarter was affected by a roughly $74–103 million post-tax provision tied to a New Zealand class action ruling, which the bank is appealing. Integration of Suncorp Bank is 45% complete, and the bank has exited 84% of the 3,500 roles earmarked under its restructuring program. Shares rose 2.7% for the week to $38.74, with Yahoo Finance noting the profit boost came partly from low bad-debt charges even as mortgage applications declined.
Cleanaway Waste Management (CWY)
Cleanaway confirmed it has received a non-binding proposal from EQT Infrastructure to acquire the company for $3.13 per share, a 32.1% premium to the prior close, with the board granting exclusive due diligence access and signalling an intention to recommend the offer. Alongside the takeover news, Cleanaway issued FY27 underlying EBIT guidance of $500–530 million. Shares jumped 14.5% for the week to $2.725, with Kalkine and Business News Australia both reporting a marked surge in trading volume following the approach.
PM Capital Global Opportunities Fund (PGF)
PGF lifted its forward dividend guidance to a minimum of 16.0 cents fully franked for FY27, up from a prior 13.5 cents, backed by a strong FY26 portfolio return of 32.9% net of fees versus 14.8% for the MSCI World Index and 6.1% for the ASX 200. The final FY26 dividend was set at 7.5 cents fully franked. Shares were unchanged for the week at $3.36.
Charter Hall Social Infrastructure REIT (CQE)
CQE reaffirmed unchanged FY27 earnings and distribution guidance, addressing investor concerns about its exposure to childcare operator Edge Early Learning. The REIT confirmed the three affected South Australian properties represent about 1% of total income, and it holds six months' net rent in bank guarantees against those leases. Shares fell 10.6% for the week to $2.45, reflecting broader sector weakness in real estate stocks this week.
Bapcor (BAP)
Bapcor confirmed it remains on track to meet its FY26 guidance of underlying EBITDA of $144–150 million (post AASB16) or $62–68 million (pre AASB16). No new figures were disclosed beyond this reaffirmation. Shares fell 9.2% for the week to $0.4175.
GLG Corp (GLE)
GLG Corp issued a negative update, terminating its manufacturing agreement with supplier GLIT Holdings — which accounted for 38% of manufacturing capacity — over cost competitiveness concerns. The company revised its FY26 guidance to a net loss of US$23.1–23.5 million, largely reflecting a US$21.4 million doubtful debt provision related to GLIT. Shares were unchanged for the week at $0.14, though Kalkine noted recent momentum in the stock ahead of the announcement.
Top Movers
Weekly Price Movers
Notable Shareholder Movements
Outdoor media group Ooh!Media (OML) drew fresh institutional interest, with both State Street Corporation (5.26%) and UBS Group AG (5.43%) disclosing new substantial holdings this week, coinciding with Macquarie Group also becoming a substantial holder in the stock. State Street was active more broadly, also emerging as a substantial holder in Develop Global (5.00%) and Elsight (5.06%). Elsewhere, Vanguard Group crossed the 5% threshold in Clinuvel Pharmaceuticals (5.003%). Macquarie Group was also active on the other side of the ledger, ceasing to be a substantial holder in Tabcorp Holdings and Super Retail Group during the week, while separately becoming a substantial holder in Super Retail Group at 5.42%.
With more than 60 results already lodged, the bulk of FY26 reporting season is now behind the market, though several names — including Sigma Healthcare, Paladin Energy and MAAS Group Holdings — are yet to release detailed numbers, with results due later in August. Attention will also turn to how the market digests this week's pattern of solid earnings met with share price declines across banks and insurers, alongside the unfolding Cleanaway takeover approach from EQT Infrastructure.