ASX reporting season: All the latest news from companies releasing financial results to the market today

Shein is seeking to raise as much as $HK13.9 billion ($2.5b) in its Hong Kong initial public offering, as it enters the final stretch of an arduous journey to go public.

The fast-fashion retailer is offering 280 million shares at $HK47.60 to $HK49.50 each, according to a filing to the stock exchange Monday. Shein will debut on the Hong Kong stock exchange September 1.

Cornerstone investors include Boyu Capital, Tiger Global, General Atlantic, Tencent Holdings and UBS AM Singapore.

Founded in mainland China but now headquartered in Singapore, Shein has been attempting to list for several years. Initial plans to debut in the US and then London foundered as the company came under scrutiny and was entangled in wider tensions between China and the US and others.

After waiting about a year for Beijing to give its blessing since filing for an IPO in Hong Kong, Shein is going public as it is being buffeted by tariffs, competition from PDD Holdings’ Temu and regulatory pressure. Its valuation has sunk as a result.

The IPO prospectus shows Shein swung to a loss of $US99 million ($138m) in the first quarter of 2026 from a $US395m profit a year earlier, while revenue has also been declining.

Shein plans to use the IPO proceeds to enhance technology such as inventory management systems, invest in marketing to improve its image globally, and strengthen its supply chain governance and decarbonization efforts.

Bloomberg

Health insurer nib has booked a near 6 per cent dip in full-year net profit to $186.9 million but says the result beat expectations even as its total number of policyholders barely lifted in a competitive market.

The company had 1.133 million total policy holders at June 30, up less than one per cent from 1.124 million at the end of the previous financial year.

But insurance revenue jumped by 6.5 per cent as more Australian resident customers switched to higher-value Silver level cover.

“We are now deliberately shifting growth towards high-value and more sustainable segments,” chief executive Ed Close said.

“We also see increased customer churn through broker channels, elevated by high promotional activity from competitors.”

Mr Close’s remarks come after Medibank Private chief executive David Koczkar last week said aggregators - private health insurance comparison websites - were pushing churn between different providers, as their chase of lucrative commissions drove up premiums.

nib declared a 21.¢ per share final dividend, including a 5¢ special dividend, saying it had further optionality as cash from the sale of most of its travel insurance business to a subsidiary of Allianz Group flowed through.

The deal was announced in June, for a consideration of up to $50m.

The insurer increased its target dividend payout ratio by 5 per cent to 65-75 per cent, crediting group balance sheet strength and free cash flow.

The owner of two of the nation’s best-known bottle shop chains continues to lift sales in its flagship retail business after cutting prices to draw in more customers.

But the outlook for consumer spending remains uncertain as higher interest rates, cost of living pressures and the conflict in the Middle East weigh on sentiment.

Endeavour Group, which owns the Dan Murphy’s and BWS networks, made a bottom line net profit of $52 million for the year ended June 28, a fall of almost 90 per cent.

But the 2025/26 result was skewed by a one-off $311m post-tax expense related to the writedown of certain assets and costs related to its strategy review.

If that’s taken out, its profit came to $363m, a fall of almost 15 per cent, on sales of $12.2 billion, up 1.3 per cent.

“Our retail business is consistently gaining share, delivering 10 consecutive months of sales growth,” chief executive Jayne Hrdlicka said

That growth followed the introduction of lower shelf prices in Dan Murphy’s at the end of the first quarter of financial year 2026.

It also increased promotional activity across both Dan Murphy’s and BWS.

“Sales momentum in retail is building with customers responding positively to our renewed focus on value and price leadership,” the booze boss said.

Retail sales totalled $10b in the year, up 0.7 per cent, with Dan Murphy’s contributing to most of that with a gain of one per cent.

Endeavour’s hotel business, made up of hundreds of pubs across Australia, generated $2.2b in sales, up 4.2 per cent.

Looking ahead, retail sales for the first seven weeks of 2026/27 are positive.

Read more here ...

Soaring petrol prices fuelled by the lingering war between the US and Iran has driven up profit for oil refiner and fuel retailer Ampol almost five-fold.

Half-year replacement cost operating profit - which excludes the impact of oil prices on inventories - rocketed to $857.2 million, a staggering 376 per cent jump from $180.2m a year earlier.

Statutory net profit rose from a $25.3m loss the previous financial yeat to $1.36 billion.

“While the market dislocation provided a benefit to our financial results, our supply responsiveness, trading capabilities, refinery reliability, customer and supplier relationships as well as the progress of our retail segmentation strategy all enabled Ampol to meet its customers’ needs,” said MD Matt Halliday.

“In short, the underlying business performance improved across multiple segments as Ampol’s supply chain remained resilient, when less robust supply chains faltered.”

Ampol said crude oil and energy product markets have continued to be volatile into the second half due to the war, although that was also helping regional refining margins.

“Overall, July 2026 earnings are ahead of the prior corresponding period, underpinned by strong refinery earnings,” it said.

Ampol is Australia’s largest transport fuel provider, accounting for about 15 to 20 per cent of total refined fuel needs.

Ampol declared an interim dividend of $1.85, up from 40c the year before.

Perenti will pay out a slightly improved full-year divided after a small jump in net profit from essentially flat revenue for FY26.

Revenue at the mining services contractor slipped one per cent from a year earlier to $3.46 billion.

Net profit before impairments and loss on discontinued operations was up 8 per cent to $192 million, but down 68 per cent to $44m on a statutory basis.

The impairments related to a $25m non-cash charge related to idle surface fleet in West Africa driven by the changes in localisation laws related to surface mining.

The sale of the idle AMS division surface fleet is expected to realise between $10m and $15m in FY27.

It will also book a $64m non-cash loss on the sale of its BTP Group parts and hire business, announced last week.

A final dividend of 4.5c a share will take the total FY26 payout to 7.75c, up slight from 7.25c a year earlier.

MD Vanessa Torres said Perenti had achieved guidance for the fifth consecutive year.

“Perenti has delivered an excellent FY26, making significant progress in safety, operational and financial performance and continuing an ongoing process of portfolio transition,” she said.

“The financial results achieved guidance for the fifth consecutive year, highlighted by another outstanding free cash flow result, a balance sheet in the strongest position in company history, and an expanded pipeline of opportunity available.

“As expected, the stronger second half earnings delivered the full-year result within guidance. Consistent with prior years, an earnings skew in FY27 will follow a similar pattern.”

A lithium price that more than doubled over the last financial year has put PLS back in the black.

The Dale Henderson-led miner on Monday reported a net profit of $526 million, a turnaround from a $196m loss the previous year as the battery material recovered from years of depressed prices.

The average realised price per tonne leapt from $US672 to $US1488, a jump of 121 per cent over the 12 months. Total revenue hit $1.93 billion.

PLS declared a final fully franked dividend of 5¢ a share.

Mr Henderson said FY26 was a record year, and showed the business could respond quickly when market conditions improved.

“As the lithium market strengthened, we acted — bringing idled capacity back into production and shifting our focus decisively from defence to growth.

“That preparation is reflected in the results. We delivered record production of approximately 880,000t while reducing unit operating costs by 9 per cent, generating $1.1 billion of underlying EBITDA at a 59 per cent margin and $1.4b of cash margin from operations.”

Buoyed by the price recovery, PLS switched its Ngungaju processing plant back on earlier this year.

First ore from the plant was processed in early July.

PLS in January flagged a potential restart of the 200,000-tonne-a-year Ngungaju — one of two processing plants at its flagship Pilgangoora operation in the Pilbara.