Latest Asx News

Noumi Limited lifted FY26 revenue by 8.8% and adjusted operating EBITDA by 7.6%, driven by Dairy & Nutritionals' strong earnings and strategic investments in Plant-based Milks. The company faces refinancing uncertainty with $610 million convertible notes maturing in May 2027, prompting a proposed acquisition by majority shareholder Arrovest.

Medical Developments International (ASX:MVP) reported a 9% revenue increase to $42.6 million and a 566% jump in net profit to $0.6 million for FY26, driven by robust growth in its Pain Management segment and expanded paediatric approvals in Europe.

Universal Store Holdings (ASX:UNI) posted a 12.9% revenue increase to $376.1 million in FY26, driven by strong like-for-like sales and store expansion. Underlying EBIT climbed 17.2% despite a $23.8 million impairment on CTC assets, while net profit after tax fell 21.6%. CEO Alice Barbery will retire in October, succeeded by George Do.

CZR Resources Ltd (ASX:CZR) has launched an all-scrip off-market takeover bid for Zuleika Gold Limited (ASX:ZAG), offering 0.1742 CZR shares per Zuleika share, valuing Zuleika at approximately $44.8 million and representing a premium of over 40% to recent prices.

Golden Globe Resources has highlighted significant copper-gold potential at its Burns Spur area within the Ridler Creek tenement, supported by recent high-grade rock chip assays and a re-evaluation of 1970s Noranda drilling that revealed extensive copper mineralisation.

AusQuest’s maiden RC drilling at Lantana in Peru confirms porphyry-related alteration and anomalous copper, pointing to a concealed mineralised system beneath cover. The results set the stage for targeted geophysical surveys and follow-up drilling.

Zip Co Limited (ASX: ZIP) reported a 46% rise in net profit to $116.4 million for FY26, driven by strong US and ANZ market growth and record cash earnings of $268.9 million. The company also announced an orderly wind down of its New Zealand operations to focus on its core markets.

Memphasys has cleared a key regulatory hurdle in Vietnam for its Felix™ System, prompting a significant first commercial cartridge order and marking early clinical success in a fast-growing fertility market.

Dexus (ASX: DXS) reported steady FY26 results with AFFO of 45.0 cents per security and distributions of 37.0 cents, while initiating a strategic review of infrastructure funds following an adverse APAC court judgment.

Downer EDI Limited reported a 58% jump in profit after tax and a near 60% rise in earnings per share for FY2026, even as revenue declined 7.5%. The company continued its share buy-back program and declared higher dividends.

Ridley Corporation’s FY26 results reveal a dramatic revenue surge fueled by its Incitec Pivot Fertilisers acquisition, alongside a significant profit drop due to a $31.8 million impairment on NovaqPro® and acquisition costs. The company declares a higher fully franked dividend, signaling confidence despite challenges.

Vicinity Centres lifted its FY26 net profit after tax by 38.5% to $1.39 billion, supported by a 2.9% revenue increase and a 3.9% rise in funds from operations. The retail property trust declared a final unfranked distribution of 6.20 cents per stapled security, continuing its steady payout policy.