COMPANY RESULTS – AUSTRALIA

Woolies flags higher prices, profit squeeze

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Original article by Carrie LaFrenz
The Australian Financial Review – Page: 15 & 18 : 1-May-26

Woolworths has advised that its supermarket division’s sales rose by 5.9 per cent to $13.8bn in the third quarter of 2025-26. Group sales were up 4.5 per cent to about $18bn for the 13 weeks to 5 April. CEO Amanda Bardwell says the Iran war did not affect shelf prices during the quarter, but she has warned that growing pressure from suppliers is likely to result in higher prices for some grocery products in the final quarter. She adds that fresh foods such as fruit, vegetables, milk and bread are most vulnerable to price increases, due to the impact of rising fuel and fertiliser costs on farmers. Coles will release its third-quarter results today.

CORPORATES
WOOLWORTHS GROUP LIMITED – ASX WOW, COLES GROUP LIMITED – ASX COL

Gina Rinehart-backed Lynas Rare Earths posts record quarter

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Original article by Mark Wembridge
The Australian Financial Review – Page: Online : 22-Apr-26

Lynas Rare Earths has advised that its sales revenue was 115 per cent higher year-on-year in the March quarter, at $265m. MD Amanda Lacaze says Lynas’s direct sales to customers helped it to sidestep the "dysfunctional" spot market. Lynas produced 3,233 tonnes of rare earths during the period, which is 69 per cent higher than previously. The average selling price across its rare earths was $84.60 a kilogram, which is 70 per cent higher than the same period in 2025. Lacaze notes that the use of renewable energy at its Mount Weld mine in Western Australia reduced its use of diesel fuel by 870,000 litres during the quarter.

CORPORATES
LYNAS RARE EARTHS LIMITED – ASX LYC

Rio bolsters copper production, eyes data centre building boom

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Original article by Peter Ker
The Australian Financial Review – Page: 12 : 22-Apr-26

Rio Tinto shipped 72.3 million tonnes of iron ore from the Pilbara in the March quarter; this was higher than the same period in 2025, despite the disruptions caused by cyclones. Rio Tinto still expects to achieve its full-year guidance of between 323 million and 338 million tonnes for 2026. Rio Tinto has estimated that the 70 per cent rise in diesel prices since the start of the Iran war will add about $US1 to the cost of producing each tonne of iron ore in the Pilbara; the iron ore price has risen by about 12 per cent since the war began. Meanwhile, Rio Tinto produced a higher-than-expected 229,000 tonnes of copper during the March quarter; demand for copper is rising in the US as technology companies ramp up their investment in AI infrastructure such as data centres.

CORPORATES
RIO TINTO LIMITED – ASX RIO

Disney cracks billion-dollar mark, but tax payments slow to follow

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Original article by Kylar Loussikian
The Australian Financial Review – Page: 17 : 3-Feb-26

The Australian corporate filings of the Walt Disney Company show that its local arm posted revenue of $1.01bn in the year to 30 September, compared with $743m previously. The increase was partially due to the inclusion of ESPN’s revenues for the first time, while the result was also boosted by strong growth for the Disney+ streaming service. Meanwhile, Disney Australia’s profit was 33 per cent higher at $63m, although the entertainment group paid just $16m in tax; the bulk of its revenue was paid as royalties to its US parent company.

CORPORATES
WALT DISNEY COMPANY, WALT DISNEY COMPANY (AUSTRALIA) PTY LTD, ESPN INCORPORATED, DISNEY+

Lynas stranded by energy mess

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Original article by Brad Thompson
The Australian – Page: 13 & 19 : 26-Nov-25

Lynas Rare Earths has advised that its production will be about one-third lower in the December quarter due to electricity supply problems at its cracking and leaching plant in Western Australia. The $800m plant is located in Kalgoorlie, which has been affected by intermittent power outages for some time, and Lynas says the outages have become more frequent and longer during November. Lynas is now considering off-grid options for the plant, such as diesel fuel and gas; it is also building a 46-megawatt hybrid power station at its Mount Weld rare earths mine.

CORPORATES
LYNAS RARE EARTHS LIMITED – ASX LYC

BHP sees resilient iron ore demand as China slows

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Original article by Mark Wembridge
The Australian Financial Review – Page: 15 : 22-Oct-25

BHP has advised that its Pilbara iron ore production totalled 64 million tonnes in the September quarter, which is one per cent lower than the same period in 2024. The lower output has been attributed to repair work at its Port Hedland infrastructure, but BHP says it is still on track to achieve its full-year production guidance of between 258 million tonnes and 269 million tonnes for 2025-26. BHP expects global demand for iron ore to remain strong, despite expectations of slowing growth in China and the ongoing but yet-to-be confirmed reports that China has banned BHP’s iron ore imports. BHP’s copper production rose by four per cent year-on-year.

CORPORATES
BHP GROUP LIMITED – ASX BHP

US, China trade tensions driving iron ore price surge: Rio Tinto

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Original article by Peter Ker
The Australian Financial Review – Page: 17 : 15-Oct-25

Data from S&P Global Platts shows that the price of iron ore with 62 per cent iron content has risen to its highest level since 21 February; the price of benchmark iron ore has also risen by 18 per cent since 25 June. Rio Tinto says demand for iron ore is holding up despite the trade tensions between the US and China. Rio Tinto shipped 84.3 million tonnes of Pilbara iron ore in the September quarter, putting it back on track to achieve its full-year target of 323 million tonnes following storm disruptions in early 2025; however, Rio Tinto will need to ship 88 million tonnes in the December quarter.

CORPORATES
RIO TINTO LIMITED – ASX RIO, S&P GLOBAL PLATTS

Forrest-backed Greatland loses $1b on guidance

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Original article by Mark Wembridge
The Australian Financial Review – Page: 17 : 30-Jul-25

Greatland Resources has downgraded its 2025-26 production forecast just one month after listing on the Australian sharemarket. The gold miner had previously expected to produce up to 340,000 ounces of gold in the current financial year, but this will now be within the range of 260,000 to 310,000 ounces. MD Shaun Day has attributed the downgrade to Greatland’s "conservative approach" to guidance. The company’s shares fell 22 per cent to $5.36 on Tuesday, compared with an issue price of $6.60 in the recent IPO. Greatland’s investors include Wyloo, the private company of Andrew and Nicola Forrest.

CORPORATES
GREATLAND RESOURCES LIMITED – ASX GGP, WYLOO METALS PTY LTD

Rio Tinto flags $150m storm hit to iron ore exports

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Original article by Peter Ker
The Australian Financial Review – Page: 27 : 17-Apr-25

Rio Tinto shipped just 70.7 million tonnes of iron ore from the Pilbara during the March quarter, which is 17 per cent lower than the last three months of 2024. Production was affected by four cyclones during the period, putting Rio Tinto about 13 million tonnes behind schedule on achieving its full-year target of shipping between 323 million and 338 million tonnes. Rio Tinto expects to incur mitigation costs of about $150m as it seeks to reach the lower end of its guidance. Meanwhile, the Pilbara Ports Authority has advised that 133.62 million tonnes of iron ore was shipped through Port Hedland during the March quarter, an increase of 1.3 per cent year-on-year; Port Hedland is used by BHP, Fortescue and Hancock Prospecting.

CORPORATES
RIO TINTO LIMITED – ASX RIO, PILBARA PORT AUTHORITY, BHP GROUP LIMITED – ASX BHP, FORTESCUE LIMITED – ASX FMG, HANCOCK PROSPECTING PTY LTD

MinRes forced to defend disclosure standards

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Original article by Brad Thompson
The Australian – Page: Online : 25-Feb-25

Mineral Resources has been issued with a number of questions by the ASX in relation to its half-year results, which it released last week. Mineral Resources announced it had recorded a loss of $807 million, compared to a net profit after tax of $530 million for the previous corresponding period, and the ASX queried whether the market had been fully informed ahead of the release of its results. It is not the first time that Mineral Resources has been called on to defend its disclosure standards, as it deals with the fallout from various scandals involving MD Chris Ellison that include tax evasion.

CORPORATES
MINERAL RESOURCES LIMITED – ASX MIN, ASX LIMITED – ASX ASX