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Market Wrap

ASX closes higher; Tabcorp, Siteminder surge more than 20%

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The news: The market finished higher as the Tabcorp, Siteminder, Lovisa and Worley posted double digit share price gains after reporting their full-year earnings, offsetting double digit losses taken by Domino’s Pizza, Woolworths’ and Wisetech Global.

The benchmark ASX 200 rose 0.28% to end at 8,960.5 with seven out of the 11 sectors finishing in green.

Consumer staples (-5%) was the worst performing sector as Woolworths (-14.7%) plunged after full-year net profit decreased by 19.1% year on year.

Biggest movers:

  • Tabcorp (+24%) – Wagering giant Tabcorp swung to a full-year statutory profit of $36.6 million after posting a $1.36 billion net loss in FY24 following cost-cutting initiatives.
  • Siteminder (+21.1%) – Beat analyst expectations for unlevered free cash and posted a smaller full-year loss in FY25 than in FY24.
  • Lovisa (+13.2%) – Statutory net profit after tax lifted 5% in FY25 and the fashion retailer’s global store rollout beat estimates.
  • Worley (+11%) – Reported a 14% rise in underlying NPATA for the 2025 financial year, but cautioned that FY26 will be a year of "moderate growth".
  • Sigma Healthcare (+7.8%) – Posted its first full-year result after merging with Chemist Warehouse and upgraded its target synergy benefits to $100 million per annum over the next four years. Also announced a slew of management changes, including the impending departure of CFO Mark Davis.
  • Nine Entertainment (+7.9%) – Reported a 2% revenue year-on-year lift for FY25, beating analyst estimates amid ongoing cost-cutting.
  • Neuren Pharmaceuticals (+6.7%) – Reported an 87.5% leap in first-half profit, boosted by growing royalties from sales of its Retts syndrome treatment in the US.
  • Domino’s Pizza Enterprises (-22%) – Slumped to a statutory net loss of $3.7 million in the 2025 financial year, down from a net profit of $92.3 million in FY24 amid subdued levels of new store openings and lower franchisee profitability.
  • Wisetech Global (-11.9%) – Revenue lifted 14% and profit lifted 17% although both figures came in below market consensus estimates.
  • DroneShield (-10.4%) – Releasing a strong first-half earnings result that included a 210$ revenue jump. The company also flagged it had "refined" its product and technology roadmap.

Other companies that reported earnings were EBOS Group (-14.7%), ARN Media (-7.8%), Flight Centre (-4.3%), Adairs (+13.5%), Revolution Asset Management (lists in September), and Karoon Energy (+2.4%)

Other news:

  • Electro Optic Systems (+13.3%) – Part of the Leidos Australia team that won the $45.9 million systems integration partner contract for the Australian Defence Force’s LAND 156 counter-small uncrewed aerial systems project.
  • Champion Iron (+3%) – CFO Donald Tremblay will step down after the release of the company’s second quarter results for FY25.
  • PointsBet (+0.4%) – Takeover suitor MIXI now has a 42% stake in the online bookmaker as rival bidded Betr (ended flat) raises its all-scrip offer.

What’s ahead:

  • ANZ will release its business outlook survey for August tomorrow at 11:00am.
  • The Australian Bureau of Statistics will release data on private capital investment on buildings and equipment by industry for June tomorrow at 10:30am.

By Brandon How