ASX ends flat; Telix, QBE surge on earnings news as Guzman y Gomez tanks
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The news: The Australian sharemarket finished roughly flat as Telix Pharmaceuticals and QBE Insurance soared on earnings news, while disappointing first-half results by Guzman y Gomez and Megaport saw their shares tumble.
The benchmark ASX 200 lowered 0.05% to end at 9,081.4, as six of the 11 sectors finished in the red.
Biggest movers:
- Telix Pharmaceuticals (+14.2%) — Swung to a $7.5 million full-year net loss despite a 56% jump in revenue.
- Guzman y Gomez (-13.9%) — Reported a 45% jump in first-half profit but US earnings missed estimates.
- Megaport (-11.8%) — Halved its first-half net loss to $3.3 million.
- QBE Insurance (+7.1%) — Recorded a better-than-expected full-year profit of $3.05 billion, driven by strong returns across its fixed incomes and risk assets portfolios.
Other earnings news:
- Mineral Resources (-5.3%) — Reported a 171% lift in first-half profit to $573 million, topping forecasts.
- DigiCo (-4%) — Swung to a first-half profit and lifted FY26 guidance to the top end of its $120-125 million range.
- Perseus Mining (+3.7%) — Saw an 8% decline in first-half profit to $263 million.
- Newmont (-4.9%) — More than doubled its full-year net income even as gold production lowered.
Other news:
- Austal (+5.5%) — Landed a $4 billion contract from the federal Department of Defence for the construction of eight Landing Craft Heavy vessels, scheduled to commence in 2026.
- Paladin Energy (+5.4%) — Secured approval for its environmental impact assessment of its proposed Patterson Lake South project from the Saskatchewan Minister of Environment Darlene Rowden.
- Ramsay (+3%) — Proposed distributing shares in its majority-owned European subsidiary Ramsay Santé to shareholders following a strategic review.
