In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to record a small decline. At the time of writing, the benchmark index is down 0.25% to 8,639.3 points.
Four ASX shares that are not letting that hold them back are listed below. Here's why they are rising:
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Beach Energy Ltd (ASX: BPT)
The Beach Energy share price is up 3.5% to $1.18. This follows the release of the energy producer's full year results this morning. Beach Energy reported a 20% jump in underlying EBITDA to $1.1 billion and a 32% lift in underlying net profit after tax to $451 million. This was driven by a 16% increase in sales volumes and a 13% lift in its average realised gas price. In light of its strong performance, the Beach Energy board elected to pay a record final dividend of 6 cents per share.
Endeavour Group Ltd (ASX: EDV)
The Endeavour Group share price is up 3.5% to $4.18. This morning, this drinks giant revealed that its executive chair, Ari Mervis, has resigned due to disagreements with the board. Lead independent director Duncan Makeig will assume the role of interim chair while overseeing the recruitment of a permanent chair. Outside this, Endeavour advised that FY 2025 sales are expected to be $12.06 billion, whereas its statutory net profit after tax is expected to be between $420 million and $425 million.
Kingsgate Consolidated Ltd (ASX: KCN)
The Kingsgate Consolidated share price is up 12% to $2.49. Investors have been buying this gold miner's shares following the release of an update on production at the Chatree Gold Mine in Thailand. It revealed that it produced more than 8,700 ounces of gold and more than 64,400 ounces of silver for the month. This represents the highest monthly production rate since operations restarted in March 2023. The company's CEO, Jamie Gibson, said: "We're off to a cracking start for FY26, and these figures showcase the hard work and commitment of our operations team to deliver continuous improvements at Chatree."
Northern Star Resources Ltd (ASX: NST)
The Northern Star share price is up 6% to $16.24. This follows the release of a presentation relating to the KCGM operation. That presentation outlined its plans for the future, including its mill expansion, which is on track for cut-over in early FY 2027. In addition, a number of ASX gold stocks are rising today following a strong rise in the gold price on Friday. This has led to the S&P/ASX All Ords Gold index lifting 4.1%.
