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.