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Aussie Businesses Resilient in Challenging Times

The Australian corporate reporting season has drawn to a close, with Aussie companies adapting to slowing consumer spending and higher costs, following the fastest Reserve Bank monetary policy tightening cycle in decades. We take a look at all the highlights from the August earnings season.

 

 

Reporting Season Calendar

Check out our August 2023 Reporting Season Calendar which captured the profits and dividends of almost 200 of the top ASX-listed companies. Find out which companies beat or missed expectations. 
 
 

Dividend payments decline amid challenging conditions

13 Sep 2023

Just over $32 billion of dividends will be paid to investors between August and October, down 24 per cent on a year ago. In our latest report, we analyse the dividend payouts post the August 2023 Earnings Season and unpack what it means for investors.

ZIP Co’s Full Year Result: Losses narrow in FY23

29 Aug 2023

Buy now pay later service provider ZIP Co (ZIP) narrowed its losses to $414m over the 12 months to 30 June 2023, from $1.1b in FY22. This result was driven by record revenue, transaction volume and transaction numbers.

4:07

WiseTech Global Ltd (WTC) Founder & CEO, Richard White

28 Aug 2023

WiseTech Global Ltd (WTC) Founder & CEO, Richard White speaks with Tom Piotrowski about the company’s full-year results, its key achievements during the year including the recent acquisitions.

Tom Piotrowski and Richard White 14:56

Transurban Group (TCL) CEO, Scott Charlton

25 Aug 2023

Transurban Group (TCL) CEO, Scott Charlton speaks with Tom Piotrowski about the company’s full year results, the selection process for his successor Michelle Jablko, and why the toll road operator benefits from an inflationary environment. 

Tom Piotrowski and Scott Charlton 13:08

Woodside Energy Group (WDS) CEO, Meg O'Neill

23 Aug 2023

Woodside Energy Group (WDS) CEO, Meg O'Neill speaks with Tom Piotrowski about the company’s half year results, the outlook for oil and LNG prices, as well as the current status of its Scarborough and Trion projects. In addition, the pair also discuss developments in Woodside’s hydrogen business.

Tom Piotrowski and Meg O'Neill 13:27

Fortescue Metals (FMG) Full Year Result: Posts worst annual profit in three years

28 Aug 2023

The world’s fourth largest iron ore miner Fortescue Metals Group (FMG) reported a 23% drop in annual profit to US$4.8 billion amid a slump in iron ore prices and soaring Iron Bridge project costs. 

3:24

Pilbara Minerals Full Year Result: Record profit and dividend

25 Aug 2023

The world’s largest hard-rock lithium miner, Pilbara Minerals (PLS) posted a record result, with its profit quadrupling to $2.4bn, allowing the group to declare only its second ever dividend. 

3:46

QAN Full Year Result: Qantas posts record annual profit

24 Aug 2023

Australia’s flagship airline Qantas Airways (QAN) has posted a record annual profit, underpinned by a strong rebound in travel demand, and announced a share buyback of $500 million.

3:06

Woolworths Full Year Result: Shoppers embrace value to counter rising cost of living

23 Aug 2023

Australia’s largest supermarket retailer Woolworths (WOW) posted modestly higher sales and underlying profit growth over the 12 months to 30 June 2023. The final dividend was up 9.4% over the year to 58c a share. The result was boosted by food inflation as well as more consumers eating their meals at home rather than at cafes and restaurants. 

4:32

BHP Group Full Year Result: Profit drops on lower commodity prices and elevated costs

22 Aug 2023

Australia’s largest company BHP Limited (BHP) reported a slide in full year profit, reflecting lower commodity prices and higher costs, which are expected to remain a factor in the coming year.

6:27

Telstra’s Full Year Result: Profits and dividends lift

17 Aug 2023

Australia’s largest telco Telstra (TLS), posted a lift in revenue, underlying EBITDA and net profit lifted over the 12 months to 30 June 2023. It decided to maintain ownership of InfraCo to create value for shareholders.

3:01

Endeavour Group Full Year Result: Lack of guidance spooks investors

16 Aug 2023

Hotel & bottle shop operator Endeavour Group (EDV) reported full results that were in line with analyst’s expectations, although a lack accompanying guidance unsettled investors at time when the organisation is being challenged by the regulatory outlook for gaming machines.

4:14

CSL’s Full Year Result: Plasma collections hit fresh record

15 Aug 2023

Australia’s third largest company CSL Limited (CSL) posted a lift in sales, profits and its dividend (at constant currency) over the 12 months to 30 June 2023. The result was boosted by record plasma collections, flu vaccine sales and cost savings, while a firmer US dollar held back earnings. 

3:44

Tribeca Investment Partners Portfolio Manager, Jun Bei Liu

25 Jul 2023

Tribeca Investment Partners Portfolio Manager, Jun Bei Liu speaks with Tom Piotrowski about the factors currently influencing the market and company profits ahead of Australia’s reporting season. Jun highlights the impacts of a challenging inflation environment, China’s reopening and the key things to look for this reporting season.

Tom Piotrowski and Jun Bei Liu 16:18

Understanding balance sheets

21 Jul 2023

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. 

60 second guide: Dividends

21 Jul 2023

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

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