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Core

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Trimming the Fat Domino Pizza Enterprises’ (ASX: DMP) is tightening its focus by selling its printing arm and locking in an oversubscribed A$1.05 billion refinancing, signalling a shift toward a simpler, more resilient core business as the company navigates softer sales trends and leadership turnover. The Impressu sale has little earnings impact but trims non-core complexity, while the new debt facility reinforces balance-sheet stability in a volatile market, leaving Domino’s better positioned but still reliant on restoring same-store momentum to unlock

Amcor

Core

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Kicking Off FY26 with a Stronger Hand Amcor (ASX: AMC) surged after kicking off FY26 with a sharp lift in quarterly earnings as benefits from the merger with Berry Global began to flow through the numbers, pushing adjusted EBITDA up 92% and net sales up 68%. Synergy capture is running ahead of schedule, with $38 million in 1Q26 savings reinforcing management’s confidence in full-year EPS and cash-flow targets. Yet the print wasn’t without caveats: revenue and EPS came in slightly below expectations,

Genesis Minerals

Speculative

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Golden fundamentals Genesis Minerals posted a blockbuster September quarter, pouring more gold, slashing unit costs and pushing its share price to record highs. The stock has since corrected as gold prices hit some turbulence. The fundamentals underpinning our bullish medium-term stance on gold remain solidly supportive, and Genesis Minerals’ execution and growth pathway are impressive overall. Group gold production (recovered gold) rose to 72,878oz from 61,469oz in June, +18.6% QoQ, on slightly higher throughput (+2.6% QoQ to 1,092kt), a higher blended

National Australia Bank

Core

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Holding the Line Amid Rising Costs National Australia Bank’s (ASX: NAB) FY25 result was mixed, though impairments and a loss of traction in H2 hurt the shares on Thursday. Despite a modest 2.9% dip in headline profit to $6.76 billion, cash earnings held firm at $7.09 billion, a tad below market expectations. Lending volumes rose across business and retail segments. Margin gains (NIM was up 3bp to 1.74%) and solid deposit inflows helped offset higher costs and increased credit impairments. The

QBE Insurance

Core

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Fortifies Its Foundations with Notes Issue QBE Insurance (ASX: QBE) has boosted capital strength with a well-received US$300 million subordinated notes issue, reinforcing balance sheet flexibility and regulatory buffers. Investor demand was strong, reflecting confidence in QBE’s steady operational performance. The issuance aligns with management’s proactive capital management approach, ensuring funding resilience while supporting growth and maintaining the company’s premium standing in global insurance markets. In our last tech update on the 26th of September, we noted that “After making a fresh 15yr

Elders

Core

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Sowing the Seeds of Scale with Delta Deal Elders -0.6% has completed the $475 million acquisition of Delta Agribusiness, marking one of Australia’s most significant agribusiness mergers in recent years. The deal expands Elders’ footprint to nearly 3,500 staff and a network approaching 400 retail sites, closing the gap with rival Nutrien. Structured through both cash and equity, the transaction maintains Delta’s brand and management under Elders’ “light-touch” integration model, ensuring operational continuity while targeting $12 million in annual synergies within three years. With ACCC

Woodside Energy

Core

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Setting Its Sights on LNG Supremacy Woodside Energy’s (ASX: WDS) 2025 Capital Markets Day outlined a bold growth roadmap, targeting a 50% lift in oil and gas sales and a $US9 billion annual cash flow run rate by the early 2030s. Anchored by flagship projects like Scarborough, Trion, and Louisiana LNG, the plan positions Woodside to double their LNG output and strengthen their role in global energy trade. Management is banking on long-term contracts, capital discipline, and portfolio diversification to sustain returns

DroneShield

Speculative

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Landing a Big Fish in Latin America DroneShield closed flat despite landing a $25.3 million defence contract in Latin America, their largest ever in the region. The deal, worth nearly nine times their cumulative regional sales since 2019, reflects the growing government urgency for anti-drone technology and DroneShield’s maturing role as a trusted supplier in global defence circles. In our last tech update on the 17th of October, we noted that “DroneShield has made new record highs above $6.65 following a dynamic surge

About these archived stock reports

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