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Reporting Season - 6 August

Companies covered: Rea Group (REA), News Corp (NWS) & Pinnacle (PNI)

Stocks dicussed:

  • REA Group (ASX: REA): FY net profit +23%, with further growth expected in FY26 amid expectations of further RBA rate cuts. Shareholders will receive a record, fully franked final dividend of $1.38/s, up 35% from last year
  • News Corp (ASX: NWS): FY revenue +2%, driven by a record year at REA & Dow Jones, with a semi-annual cash dividend of $0.10/s declared.
  • Pinnacle Investment Management (ASX: PNI): FY profit +49% beating forecasts, driven by higher FUM and net flows expectations, and lower expenses forecasts. Final divided of $0.27/s, 88% franked. 

About the Author
ausbiz

ausbiz was founded by Kylie Merritt and David Koch and is Australia's leading provider of live and on-demand video of the latest news in Australian business, markets, economy and startups.