The S&P/ASX 200 Index (ASX: XJO) is having a strong start to the week. At the time of writing, the benchmark index is up 0.6% to 8,070.8 points.
Four ASX shares that are rising more than most today are listed below. Here's why they are rising:
Aussie Broadband Ltd (ASX: ABB)
The Aussie Broadband share price is up 11.5% to $3.48. This follows the release of the broadband provider's full year results for FY 2024. Aussie Broadband reported a 27% increase in revenue to $999.7 million and a 36.1% jump in EBITDA before one-offs to $120.5 million. This allowed the company's board to declare its first ever dividend. It will be paying a final dividend of 4 cents per share to shareholders. Management also spoke positively about the year ahead. It believes it is well-placed to grow its earnings by 13% to 21% in FY 2025.
Deep Yellow Limited (ASX: DYL)
The Deep Yellow share price is up 15% to $1.15. Investors have been flooding into ASX uranium stocks on Monday after some positive news. Over the weekend, the world's largest uranium producer, Kazatomprom, cut its production guidance for 2025 by 5,000 tonnes. It made the move due to ongoing uncertainties in sulphuric acid supply and project construction delays. Investors appear optimistic this will allow Aussie uranium miners to benefit from higher uranium prices in the short term.
Kogan.com Ltd (ASX: KGN)
The Kogan share price is up 10% to $4.76. This follows the release of the ecommerce company's FY 2024 results this morning. Kogan revealed a significant improvement in its profitability despite softer revenue. The company reported a 6.1% decline in revenue to $459.7 million but an adjusted profit after tax of $21 million. This is up from a loss of $4.3 million a year earlier. This allowed the company to bring back its final dividend. It has declared a fully franked final dividend of 7.5 cents per share.
Tyro Payments Ltd (ASX: TYR)
The Tyro Payments share price is up 15% to $1.13. This morning, the payments company released its FY 2024 results and reported an 8.2% increase in revenue to $471 million and a 31.6% jump in EBITDA to $55.7 million. Looking ahead, in FY 2025 management is forecasting gross profit of between $218 million and $226 million. This will be up from $210.8 million in FY 2024. It also expects a stronger EBITDA margin of around 28% (from 26.4%).
