Reporting Season

Just under $35 billion of dividends have been, or will be, paid to investors between August and October 2024, up 5 per cent on a year ago. Major miners again cut dividends, while financials pay out more to shareholders. 

Australian conglomerate Wesfarmers (WES) boosts final dividend as retail divisions drive earnings.

Zip Co (ZIP) CEO, Cynthia Scott speaks with Tom Piotrowski about the company’s full year results, the progress of its strategic priorities and the status of its US business. Additionally the pair also discuss the capital management outlook for the company and the impact to the business from macro environmental factors. 

Woodside Energy (WDS) CEO, Meg O’Neill speaks with Tom Piotrowski about the company’s half year results and the reasoning behind the recent acquisitions of Tellurian and Driftwood LNG. The pair also discuss the progress of the Scarborough project in WA, and the Sangomar development in Senegal.

Australia’s largest supermarket retailer Woolworths (WOW) posted small drop in net profit before significant items to $1.7 billion, however profits dived 93% to $108 million when factoring in significant items. Woolworths declared a dividend of 97cps, including a 40cps special dividend following the sale of its stake in drinks business, Endeavour.

Iron ore miner Fortescue (FMG) posted its third largest underlying profit, supported in part by higher commodity prices over the first half of the financial year. 

BHP Group (BHP) – the world’s largest listed miner – posted a better-than-expected annual profit. Its profit was underpinned by record iron ore output for a second year and resilient prices, which offset weak coal prices and the sale of two of its coal mines.

Pilbara Miners (PLS) - one of the world’s largest hard-rock lithium miners – posted a 69% drop in revenue and an 89% decline in net profit in FY2024 as lithium prices continued to suffer. Pilbara did not declare a final dividend in order to focus on project investments and preserve balance sheet strength. 

Domino’s Pizza Enterprises (DMP) – Australia’s largest pizza group – flags a weak start to FY25 as rising costs and frugal customers weigh on profits.

Telstra Group (TLS) – Australia’s largest Telco – posted a 16% fall in its full-year profit, as improved mobile earnings were balanced by the weakness in its Enterprise business and one off costs.

CSL Limited (CSL) – Australia’s 3^rd largest company – posted a lift in revenues, profits and dividend for the 12 months to 30 June 2024. While its largest unit, CSL Behring recorded double-digit growth in revenue, both Seqirus and Vifor posted more modest improvements.  

Rio Tinto (RIO) - the world’s second largest miner by market value - posted a 14% lift in net profit and slightly higher sales revenue. The improvement in underlying EBITDA was supported by its copper and aluminium segments. Rio declared an interim dividend of US$1.77 per share, steady from the same time last year.

August is one of the most important times of the year for investors. Hundreds of Aussie companies will post their annual results for the 12 months to June 2024. Market Analyst Steven Daghlian previews everything you need to know. 

WAM Leaders (WLE), Senior Investment Analyst, Anna Milne speaks with Tom Piotrowski about the upcoming reporting season, the market’s recent performance and the impact of potential interest rate moves. She provides insights into multiple sectors including mining, healthcare, REITs (real estate) and consumer facing stocks. The discussion also covered companies like BHP, Rio Tinto, Fortescue, CSL, Goodman Group, Dexus, Endeavour and more. 

A look at how balance sheets and profit and loss statements work, as well as some financial ratios that can help inform your investing decisions. 

A look at dividends which form an important part of an investor's strategy and heavily influences how they choose which companies to buy.