ASX reporting season live updates: Everything you need to know about companies revealing results today

Unstaffed, fuel-only stations are proving a success, petrol retailer Ampol says.

The company converted 27 of its Australian petrol stations to its unmanned U-Go sites in 2025, taking its portfolio to 46, out of 622 company-operated Australian sites as of December 31.

U-Go sites operating for at least 12 months were showing a 50 per cent uplift in fuel volumes and an average of $350,000 earnings improvement, Ampol chief executive Matt Halliday told analysts on Monday.

“We’re really pleased with it,” he said.

“We are seeing that it’s taking about six months for the local market to settle on that operating model, but we’re really pleased with the success we’re seeing once it takes hold.”

The unstaffed sites were open around the clock and designed to compete in the “second franchise operator” end of the market, Mr Halliday said.

He said Ampol’s high-end convenience Foodary stations were also going “from strength to strength”.

Overall, Ampol’s full-year earnings from convenience retail were up 3.2 per cent to $562.1 million, compared to 2024, while its earnings from fuel and infrastructure were up 64 per cent to $572.1 million.

The company delivered a full-year statutory net profit of $82.4 million, down a third from 2024, in part due to a $89.9 million writedown of its 20 per cent interest in Seaoil, an independent fuel company in the Philippines.

Ampol said since Russia’s invasion of Ukraine and the rebalancing of global oil markets, market dynamics in the Philippines had changed and Ampol viewed that change as structural in nature.

The company said its Lytton oil refinery in Brisbane - one of the last two refineries operating in Australia - performed strongly during 2025, delivering $226.9 million in earnings, up from $23.4 million in 2024.

Ampol said the global energy market remained unsettled, given developments involving Iran, Venezuela and Russia and Ukraine.

“While it is too early to be conclusive on the implications, the integrated nature of Ampol’s value chain means we are well placed to navigate changing conditions through our trading and shipping operations and the Lytton refinery to maintain supply for our customers,” the company said.

Ampol will pay a final dividend of 60 cents per share, fully franked, taking its dividends for the year to $1, the same as a year ago.

Ampol shares were down 3.6 per cent to $27.94 on Monday morning.

The Australian share market is off to a subdued start to the week, dropping .5 per cent to 9041.3 after the first few hours of trade.

The S&P/ASX200 is a sea of red, with just two of 11 sectors managing to hold in positive territory, with miners and industrials both keeping their heads above water.

IT stocks lead the sell-off - down almost 3 per cent. Real estate, energy, health care and consumer companies also copped a beating.

Plumbing company Reece was the best performer - jumping 15.7 per cent despite reporting a cautious outlook after the recent interest rate rise.

Guzman Y Gomez climb out of its Friday hole after investors remained wary of its US prospects, adding 12 per cent. Pantoro Gold, Imdex and Chris Ellison’s Mineral Resources also made it to the winner’s circle - up between 5 and 8 per cent.

WA-based mining contractor Perenti took a hammering, dropping 13.5 per cent after reporting a stronger Aussie dollar would weigh on full-year revenues and earnings.

Austal’s solid first-half couldn’t stop an exodus. Its shares were down 10 per cent.

Also among the top five laggards were Megaport, Nickel Industries and Data#3.

An iconic Australian business, whose fortunes are linked to the health of the building and renovations market, is cautious about its outlook after the recent interest rate rise.

Plumbing, bathrooms and trade supplier Reece on Monday reported a 20 per cent fall in first-half bottom-line net profit to $144.2 million.

The result reflected subdued housing market conditions across the nation and in the US in the six months ended December.

The 126-year-old company, which started out as a single hardware store in Melbourne’s Caulfield, recently noticed green shoots on the horizon.

But “it’s not like we’ve got this huge recovery and we are off to the races”, CEO Peter Wilson told analysts in an earnings call.

“We were just starting to see green shoots and then the interest rate rise hit.”

Reece said its core Australia and New Zealand business had a mixed performance while its US operation, founded on its acquisition of the Morsco business eight years ago, was being impacted by affordability issues in the new residential construction sector.

“As we look ahead, we’re cautious about the pace of recovery and don’t expect a material shift in demand for the remainder” of the 2025/26 financial year, Mr Wilson said in a statement.

Shares in Reece rose 15 per cent to $16.04 in morning trade.

Reece’s underlying earnings before interest and tax also declined - by 14 per cent to $262 million - as network expansion costs in the US increased, although that growth did help lift sales by almost six per cent to $4.6 billion.

Its earnings from Australia and NZ totalled $179 million, while the US generated $US55 million ($A78 million).

Full-year earnings before interest and tax are now forecast to be a range of $520-$540 million, which would be down from $548 million in 2024/25.

Reece declared a first-half dividend of 5.44 cents per share, down from 6.5 cents in the previous corresponding period.

Online retailer Kogan.com has once tapped into artificial intelligence to deliver its half-year results presentation.

Founder and chief executive Ruslan Kogan said it “wasn’t just about using the latest tech, it is a practical demonstration of the Kogan.com DNA”.

“We are constantly finding smarter, faster and more cost effective ways to operate,” he said.

“Whether it is in our logistics, our marketing or our investor relations, innovation isn’t just what we sell. It is how we operate.”

Mr Kogan last August admitted on the company’s full-year earnings call that he used AI-generated voices for himself and chief financial officer David Shafer for the prepared portion of their remarks — about 30 minutes — before fielding questions from analysts.

Meanwhile, AI also crept into Chris Ellison’s opening statement on Mineral Resources’ full-year earnings after the blunt-speaking Kiwi’s voice briefly changed into a posh English accent.

Kogan.com on Monday reported a 20.2 per cent decline in net profit to $8.2 million in the half-year ended December.

Shares in mining heavyweight BHP jumped 2.7 per cent to a record high of $54.75 this morning as investors rotate out of technology stocks into hard assets perceived as immune to disruption by AI.

BHP’s half-year profit also topped the market’s expectations thanks to strong copper prices in a result that prompted broker Morgan Stanley to hike its earnings per share forecasts for the miner by 5.6 per cent to $US2.53 for financial year 2026.

Donald Trump’s vow to hike his universal tariff rate from 10 per cent to 15 per cent will “hurt American consumers, American businesses and American growth”, opposition trade spokesman Kevin Hogan says.

The US President’s pledge at the weekend came after the US Supreme Court struck down his signature trade policy based on the legal mechanism he used.

It has sparked fresh concerns across the globe, with those countries who locked in so-called trade deals with Washington left wondering where they stand.

“Trump’s tariffs are bad policy,” Mr Hogan said.

“If this goes ahead it will really be the Americans that suffer.”

The US is Australia’s biggest beef market, importing more than 412,000 tonnes in 2025, according to Meat and Livestock Australia.

That was up 17 per cent year-on-year despite being captured by Mr Trump’s universal 10 per cent import tax.

“They’re not going to stop buying beef from us,” Mr Hogan said, adding that American producers had been hit by drought.

“So now they’re going to be buying it at 15 per cent.

“So it’s really just going to hurt American consumers, American businesses and American growth, who will be paying this new tax, more than Australia.”

However, he did warn of the risk of retaliatory action from other economies, including China.

In January, China imposed a safeguard impost of 55 per cent on beef imports that exceed a newly set annual quota of 205,000 tonnes.

Other major beef exporters, including Brazil and Argentina, were also affected.

“If China retaliates then it will slow down global trade and growth,” Mr Hogan warned.

“And other countries can do that too and that will hit Australian exporters and then jobs.”

He also said that China was “guilty” of throwing its weight around on global trade.

“The US isn’t acting in the spirit of the free trade agreement,” he said.

“But China is also … using its size, trying to bully (the region) on trade.”

Trade Minister Don Farrell is set to visit the US this week.

In its decision last week, the US Supreme Court found Mr Trump’s baseline import tax was not valid under the International Emergency Economics Powers Act.

In response, Mr Trump invoked the Section 122 of the Trade Act of 1974, allowing him to slap blanket imposts of up to 15 per cent on countries to address a “large and serious balance-of-payment deficit”.

However, these duties cannot remain in effect for more than 150 days without authorisation from Congress.

No president has previously invoked Section 122.

Mark Barnaba-chaired Greatland Resources has posted a $342.9 million profit for the half as the miner settles in at Telfer.

The miner produced 167,163 ounces of the precious metal at an AISC of $2,176/oz from the Pilbara gold mine, leading to revenue of $977.3m based on an average price of $5,756/oz.

Greatland had $948.3m in the bank and access to a $500m debt facility to fund as it looks to eventually start building the Havieron project.

Government approvals are expected in the coming six months.

“Our half-year result reflects excellent operating and financial performance at Telfer through the period, underpinned by disciplined cost control and full upside exposure to a strong metal price environment, resulting in substantial cash generation and profitability,” managing director Shaun Day said.

The stock was up 1.23 per cent in early trade to $13.16.

Australian hardware giant Bunnings will be available on the Uber Eats delivery service for the first time, promising tools, garden, and household items delivered to the door in less than 60 minutes.

More than 30,000 items will be available for order from Uber Eats in Australia and New Zealand, with a staged rollout beginning with 15 locations in Australia following a successful pilot in Melbourne in January.

An offshoot of the ride-share giant, Uber Eats promises the items will be delivered at in-store prices, with everything from everyday DIY items to garden supplies, power washers, chairs, mops, pet food, and even a lawnmower on offer.

Bunnings chief operating officer Ryan Baker said that while many Australians preferred browsing their warehouse-sized stores, “we know there are times when convenience and speed are the priority”.

While primarily catering to food delivery, Uber Eats has steadily expanded its services since launch, with Australians shoppers able to get their groceries and items from retail stores such as Pet Barn, Officeworks and EB Games delivered to their door.

Bunnings and Uber in 2024 launched same-day parcel delivery for eligible orders from select metropolitan and regional stores.

Service and delivery fees will apply to Uber Eats Bunnings orders, with the Uber One membership $0 delivery applicable to baskets over a certain value on eligible orders.

New Bunnings stores are expected to roll out Uber Eats from sometime in 2026.

An improving Aussie dollar has forced mining contractor Perenti to trim the top end of its full-year revenue guidance from $3.65 billion to $3.55b.

Top-end earnings were also cut to $350m.

Perenti booked revenue of $1.73b in the first half of the financial year - in line with the record result for the prior corresponding period.

Underlying earnings rose 3 per cent to $160.1m, with statutory post-tax profit up 11 per cent to $70.5m.

The board declared a slightly improved interim dividend of 3.25c a share, saying it remained confident in the outlook, with the support of an improving market and a strong pipeline of opportunities.

“Perenti has delivered another consistent first-half result and is positioned to deliver a strong FY26,” said CEO Mark Norwell, noting earnings would be weighted to the second half.

Austal has delivered a solid set of half-year results, lifting both revenue and earnings to deliver a profit of $25.1 million.

Revenue was up 34.4 per cent for the six months to the end of December to $1.1 billion compared to $825.7m a year earlier, with earnings before intersst and tax of $60.3m - up 41.3 per cent.

Net profit was up 21.4 per cent.

Chief executive Patrick Gregg said the diversification of the shipbuilder’s operations had added to growth while its different global operations “undertake periods of consolidation and infrastructure expansion”.

“Australasian operations were the standout in the first half period, delivering a turnaround in earnings offsetting a reduction in contribution from the USA,” he said.

The results come just days after Austal signed contracts worth $5b to produce Army vessels at its Henderson shipyard, in a deal the Albanese Government claims will generate hundreds of local jobs.

“These are the first in a number of major defence programs planned by the Australian Government, which should see our Australasian operations sustain higher levels of activity going forward and has underpinned the record order book,” Mr Gregg said.

Mr Gregg warned investors that while the outlook for the second half remained positive, Austal would will not match the elevated earnings recorded in the second half of FY25, which included significant profit contribution from the facilities expansion contract in the US.

Full-year EBIT is expect to come in at $110m.

Austal’s order book now stands at a record $17.7b. No interim dividend was declared.