Maas Group reports $300.3M underlying EBITDA in FY26
Maas Group Holdings (ASX:MGH) reported an underlying EBITDA of $300.3 million for the 2026 fiscal year.
Maas Group Holdings (ASX:MGH) reported an underlying EBITDA of $300.3 million for the 2026 fiscal year.
Medibank Private (ASX:MPL) reported an underlying net profit of $636.8 million for the 2026 financial year. EPS came to 23.1 cents.
SkyCity Entertainment Group (ASX:SKC) posted a 37.6% net profit decline to NZ$18.2 million amid asset sales.
Northern Star Resources (ASX:NST) reported a 24% annual profit increase to $1.7 billion.
Global logistics business Brambles (ASX:BXB) posted full-year sales revenue of US$7.05 billion and underlying profit of US$1.50 billion.
Super Retail Group (ASX:SUL) reported a 3.2% increase in full-year sales to $4.2 billion.
The Reserve Bank of Australia stated that interest rates could rise to 4.6% if inflation persists.
Yancoal Australia (ASX:YAL) reported a 13% increase in first-half revenue to $3.02 billion driven by higher sales volumes.
Greg Peters, Co-CIO of Public and Private Fixed Income at PGIM, discussed the Treasury's recent decision to boost debt buybacks for 10-year to 30-year securities. The cap on buybacks has been doubled from $2 billion to $4 billion, reflecting an aggressive move to manage the debt portfolio. He speaks with Romaine Bostick & Isabelle Lee on "The Close."
SoftBank has made a $200 million investment in Gravis Robotics, a construction technology startup specializing in retrofitting existing excavators and heavy machinery with autonomous and semi-autonomous capabilities. Ryan Luke Johns, CEO and Co-Founder of Gravis Robotics, explained that the funding reflects SoftBank's strong confidence in the physical AI space, particularly in automating earth-moving equipment critical to infrastructure projects such as roads, quarries, and mines. He speaks with Romaine Bostick on "The Close."
Eric Glyman, Ramp Co-Founder and Co-CEO, discussed the rapid growth in AI-related expenditures, noting that companies have increased their AI spending by nearly 21 times over the past year. This unprecedented surge is driven by both the significant returns AI can deliver and concerns among businesses about inefficient or excessive spending by employees. He speaks with Romaine Bostick & Isabelle Lee on "The Close."
Bloomberg's Randall Williams joins Dani Burger on "Bloomberg Deals." Billionaire CEO of Guggenheim, Mark Walter, has explored selling his stake in Chelsea FC to Clearlake Capital, the majority owner of the London-based football club. This comes just after Walter's record-breaking sale of the Los Angeles Lakers to Josh Kushner and Bob Iger for a price of $12.5 billion.
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