The S&P/ASX 200 Index (ASX: XJO) is having another positive session on Wednesday. In afternoon trade, the benchmark index is up 0.7% to 7,882.1 points.
Four ASX shares that are rising more than most today are listed below. Here's why they are pushing higher:
AGL Energy Limited (ASX: AGL)
The AGL Energy share price is up 3% to $11.12. This follows the release of the energy company's full year results this morning. AGL reported a 63% increase in EBITDA to $2.22 billion and a 189% lift in underlying net profit after tax to $812 million. This allowed the AGL board to increase its unfranked final dividend by 52% to 35 cents per share. Looking ahead, management is guiding to underlying EBITDA of $1.87 billion and $2.17 billion in FY 2025.
Evolution Mining Ltd (ASX: EVN)
The Evolution Mining share price is up 9% to $4.16. Investors have been buying this gold miner's shares following the release of its results for FY 2024. Thanks to strong production growth, higher realised prices, and lower costs, Evolution Mining delivered a 67% increase in underling EBITDA to $1,513 million. This allowed the miner to increase its fully franked final dividend by 150% to 5 cents per share. Looking to FY 2025, management believes it is well-placed to generate strong free cash flow with "the gold spot price $560 per ounce above the FY24 achieved price."
Pro Medicus Limited (ASX: PME)
The Pro Medicus share price is up 8% to $142.27. This has been driven by the release of the health imaging technology company's FY 2024 results. Pro Medicus reported a 29.3% increase in revenue to $161.5 million and a 36.5% lift in net profit to $82.8 million. This was ahead of the consensus estimate of $161.1 million for revenue and $80 million for net profit after tax. Commenting on the future, its CEO notes that Pro Medicus has "a bit over 7% of the total addressable market (TAM) in the US and growing, so there is still a huge amount of runway ahead of us."
Seven Group Holdings Ltd (ASX: SVW)
The Seven Group share price is up 8.5% to $39.82. Investors have been buying this diversified investment company's shares after its FY 2024 results impressed. Seven reported a 10% increase in revenue to $10.6 billion and a 30% lift in net profit to $850 million. Seven's CEO, Ryan Stokes, said: "We are very pleased to have delivered another strong result this year, with increasing operating leverage resulting in a 20% growth in SGH EBIT. Our Industrial Services businesses, which delivered 28% EBIT expansion underpinned SGH's results, with outstanding performance in FY24 from WesTrac and Boral."
