It was a wild day of reporting on the ASX today. While we can't fit all of the day's results into a single article, we'll take a look at some of the biggest names.
We'll quickly unpack today's results and then wrap it back up for tomorrow:
Those that delivered today
Origin Energy Ltd (ASX: ORG)
Shares in Origin Energy fell 4.12% after the energy company reported its FY21 full-year results. A reduction in revenue and a significant loss on the bottom line appear to have caught investors off guard during Thursday's session.
The takeaway points:
- Total group revenue down 8% to around $1.2 billion
- Around $2 billion of underlying earnings before interest, tax, depreciation, and amortisation (EBITDA) – 35% less than in FY20
- Statutory loss of approximately $2.2 billion
- Underlying profit of $318 million
- Unfranked 7.5 cent final dividend – 2.5 cents less than FY20's final dividend.
Redbubble Ltd (ASX: RBL)
The Redbubble share price swung violently after reporting on the ASX its full-year results for FY21 before the market opened. In early trade, shares in the e-commerce company dropped roughly 14%. However, by the end of the day, the share price was up 18.95%.
The takeaway points:
- Gross transaction value up 48% on the prior year to $701 milliion
- Marketplace revenue increased to $553 million, up 58%
- Earnings before interest, tax, depreciation, and amortisation (EBITDA) of $53 million, up 930% from FY20
- Net profit after tax swung from a loss of $9 million in FY20 to a profit of $31 million
- Unique customers climbed to 9.5 million, up 40% from prior year.
Treasury Wine Estates Ltd (ASX: TWE)
While Treasury Wine Estates delivered an FY21 result mostly in line with guidance, shares in the winemaker sank 1.5%. Import duties on Australian wine put in place by China took a toll on earnings from the Asia geography. Yet, the company remained positive on growth for key markets outside of China.
The takeaway points:
- Net sales revenue down 3% to $2,569.6 million
- Earnings before interest, tax, SGARA and material items (EBITS) down 0.4% to $510.3 million
- EBITS margin increased 0.6ppts to 19.9%
- Net profit after tax up 1.8% to $250 million
- Fully franked final dividend up 62.5% to 13 cents per share, bringing full year dividend to 28 cents per share.
ASX shares reporting tomorrow
Tomorrow will be a bit quieter on the ASX for reporting. However, there will still some ASX shares that likely ring a bell.
Some of the big-name companies set to release their financials include Cochlear Ltd (ASX: COH), Sydney Airport Holdings Pty Ltd (ASX: SYD), Adairs Limited (ASX: ADH), and Bravura Solutions Ltd (ASX: BVS).
To see the full line-up check out our ASX Reporting Season Calendar.
