To The Moon

Full story: https://grafa.com/en/news/australia/albanese-retains-australia-s-refugee-intake-target Australian Prime Minister Anthony Albanese confirmed the annual humanitarian intake will remain at 20,000 places. The decision overrides a planned reduction to 13,750, complicating net overseas migration targets of 225,000 by 2027-28. Government policy aims to balance humanitarian commitments alongside existing border security measures. Prime Minister Anthony Albanese has maintained Australia's annual humanitarian visa intake at 20,000 places, overturning a planned reduction to 13,750. The decision reverses a Home Affairs Department proposal to lower the quota to long-run base levels to help manage net overseas migration, which currently stands at 306,000. "This intake number remains governme

Full story: https://grafa.com/en/news/australia/bhp-to-cut-pilbara-mine-jobs-in-automation-push BHP is reducing staff at its Mining Area C operation as part of a planned transition to self-driving dump trucks. Sources estimate job losses could affect up to 10% of the site's 1,596 workers, though redeployments remain possible. The redundancies form part of the final rollout phase of autonomous haulage technology across the company's Pilbara operations. BHP (ASX:BHP) has informed staff of impending redundancies at its Mining Area C iron ore operation in Western Australia as part of a planned expansion of self-driving dump trucks. The move follows a long-term strategy across the Pilbara region, where sister site South Flank fully transitioned to autonomous trucks in June 2023. “The deployment

Full story: https://grafa.com/en/news/australia/ltr-pharma-books-19-7m-cash-reserves-zero-debt-in-fy26 LTR Pharma released its full-year financial results for FY26, reporting $19.7 million in cash reserves and zero debt as of June 30. Revenue and other income fell to approximately $1.6 million from $2.1 million in FY25, while net operating cash outflows reached $10.8 million. The company focuses on transitioning towards commercial launch in the US and expanding its intranasal drug delivery platform beyond erectile dysfunction into oesophageal motility disorders. LTR Pharma (ASX:LTP) reported $19.7 million in cash with no dent for the year ended June 30, down from $31.8 million in the prior year as clinical development spending increased. Revenue dropped from $2.1 million in FY25 to $1.6 mi

Full story: https://grafa.com/en/news/australia/virgin-australia-logs-753m-fy26-underlying-ebit Virgin Australia reported an underlying EBIT of $753 million for FY26, up 13.4% on the prior year. Following the announcement, Virgin Australia shares rose 6.04% to close at $2.81. Earnings growth was driven by $450 million in gross benefits from the company's transformation programme, fleet efficiency, and disciplined capacity management. Virgin Australia (ASX:VGN) delivered an underlying EBIT of $753 million for the 2026 financial year, representing a 13.4% increase on FY25. The earnings growth was accompanied by a 60 basis point expansion in underlying EBIT margin to 12.0%, up from 11.4% in the previous financial year. The company's board declared a fully franked dividend of 7.6 cents per ord

Full story: https://grafa.com/en/news/australia/pexa-returns-to-profit-in-fy26-with-19-2m-earnings PEXA Group turned a $19.2 million statutory net profit after tax from continuing operations for the full year ended June 30. Following the announcement, the PEXA share price was up at $8.09. The company focused on continuing businesses, expanding UK digital remortgage services, and divesting non-core assets. Digital property exchange provider PEXA Group (ASX:PXA) returned to profitability with a statutory net profit after tax from continuing operations of $19.2 million for the 12 months ended June 30. The financial recovery contrasts with the prior period, during which the business recorded a statutory net loss after tax of $65.6 million. "In Australia, we also continued to engage constructiv

Full story: https://grafa.com/en/news/australia/st-barbara-reports-490m-profit-in-fy26 St Barbara declared a statutory profit after tax of $490 million for FY26. The company declared a fully franked dividend of $0.05 per share while cash reserves reached $475 million. Growth was driven by the Lingbao transaction and project developments across its mining portfolio. St Barbara (ASX:SBM) reported a statutory profit after tax of $490 million for FY26, driven by an asset sale gain. The result marks a recovery from the restated statutory loss after tax of $94 million recorded in FY25. "We completed the Lingbao strategic investment, secured the funding and early mining lease renewal for FID on the New Simberi Gold Expansion Project, completed permitting and FID for the Touquoy Restart; and we de

Full story: https://grafa.com/en/news/australia/harvey-norman-posts-437-8m-profit-in-fy26 Harvey Norman reported an 8.6% increase in full-year net profit to $437.8 million for the period ended June 30. The retail company's share price closed higher following the announcement of improved earnings across both pre-tax and net metrics. Growth was driven by higher profitability across operations, with profit before tax expanding 10.9% to $654.6 million. Harvey Norman (ASX:HVN) reported a full-year net profit after tax of $437.8 million for the period ended June 30, representing an 8.6% increase compared to the previous financial year. The result shows an acceleration in growth relative to FY25, where net profit after tax rose just 2% to $403.30 million. Total system sales revenue increased by 3

Full story: https://grafa.com/en/news/australia/**er-data-reports-2-1b-gross-revenue-in-h1 **er Data delivered gross revenue of $2.10 billion for H1 FY26, representing a 14.2% increase compared to the prior corresponding period. Following the financial release, the **er Data share price rose 13.56% to trade at $14.40. Growth was supported by demand in artificial intelligence infrastructure, cybersecurity, and software refresh cycles. **er Data (ASX:DDR) achieved gross revenue of $2.10 billion for the six-month period ended June 30, marking a 14.2% jump from the prior corresponding period. The result was driven by accelerated end-user device refresh cycles, growing adoption of AI-enabled PCs, increased AI-related infrastructure deployments, ongoing data centre modernisation activity, strong

Full story: https://grafa.com/en/news/australia/westgold-resources-posts-2-44b-fy26-revenue-on-gold Westgold Resources reported full-year revenue of $2.44 billion and a 10 cents per share dividend. The gold producer achieved $602 million in free cash flow while operating fully debt-free. The company established a new capital return policy targeting a minimum return of 3 cents per share. Westgold Resources (ASX:WGX) reported full-year revenue of $2.44 billion for the period ended June 30, representing a 79% surge driven by record annual gold production. The company's annual revenue rose from $1.36 billion in the prior financial year, while free cash flow jumped to $602 million. “Record gold production, improved operating consistency and a favourable gold price drove record earnings, cash fl

Full story: https://grafa.com/en/news/australia/westgold-resources-posts-2-44b-fy26-revenue-on-gold Australia Post posted an underlying loss of $107.6 million for FY26 as falling letter volumes weighed on revenues. Property sales generating $139.4 million allowed the organisation to report a final pre-tax profit of $31.8 million. The company is continuing its Post30 strategy to modernise its parcel logistics footprint and digital tracking tools. Australia Post recorded an underlying loss of $107.6 million compared to an underlying loss driven by a 14.7% drop in letter volumes to 1.42 billion units. Full-year group revenue reached $9.83 billion for FY26 while relying on property sales to stay in the black. “We continue to do everything in our power to create a sustainable business, includin