Latest Climate Transition News

AGL Energy has agreed to divest 19.9% of its 20% stake in Tilt Renewables for $750 million, reinforcing its strategy to recycle capital and invest in flexible energy capacity while maintaining a strategic partnership.

Westpac Banking Corporation reported a slight 1% decline in net profit to $6.916 billion for 2025, while maintaining a strong capital position and progressing its UNITE transformation program. The bank declared a fully franked final dividend of 77 cents per share, underscoring its commitment to shareholder returns amid ongoing economic challenges.

Freightways has reported solid financial results for FY25 with revenue up 6.6% and net profit rising nearly 13%, alongside an 8% dividend increase. The company’s robust Q1 FY26 trading update highlights continued momentum driven by market share gains and operational efficiencies.

Fortescue Metals Group kicked off FY26 with record iron ore shipments and strengthened its decarbonisation strategy through new partnerships and a $2 billion Renminbi loan.

Origin Energy reported a robust FY25 with a $1.48 billion profit and increased dividends, while reaffirming its commitment to net zero emissions by 2050 through its updated Climate Transition Action Plan.

GenusPlus Group Ltd has delivered record FY2025 financial results, driven by strong contract wins and strategic acquisitions, positioning itself as a key player in Australia’s energy transition. The company forecasts robust earnings growth for FY2026 backed by a $2 billion orderbook.

Fortescue Ltd reported a solid FY25 with record iron ore shipments and a strong profit, while making significant strides in its decarbonisation agenda including renewable energy projects and green metal production.

Tourism Holdings Limited (thl) reported a statutory net loss of $25.8 million for FY25 amid challenging market conditions but posted an underlying profit of $28.7 million. The company’s growth roadmap aims to exceed $100 million in annualised NPAT within four years, driven by rental expansion and operational efficiencies.

Qube Holdings delivered a robust FY25 performance with underlying revenue up 27.3% and a 7.1% dividend increase, despite a significant impairment of its MITCo investment. The company’s diversified logistics and grain trading operations powered growth amid industrial and weather challenges.

Brambles Limited reported a solid FY25 with a 3% rise in sales revenue and a 10% increase in underlying profit, alongside progress on sustainability targets and a renewed board.

Dexus’s 2025 annual results reveal stable cash flows, robust occupancy rates, and a positive shift in property valuations, underscoring its resilience amid evolving market conditions. The company’s sustainability leadership and strategic divestments position it well for the next growth phase.

APA Group reported a robust FY25 with underlying EBITDA rising 6.4% to $2.015 billion and distribution per security increasing by 1 cent to 57.0 cps, underpinned by resilient operations and strategic growth initiatives.