In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on track to record a small gain. At the time of writing, the benchmark index is up 0.1% to 8,943.2 points.
Four ASX shares that are rising more than most today are listed below. Here's why they are climbing:
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Lovisa Holdings Ltd (ASX: LOV)
The Lovisa share price is up 14% to $41.52. This follows the release of the fashion jewellery retailer's FY 2025 results. Lovisa posted a 14.2% increase in revenue to $798.1 million and a 4.8% lift in net profit after tax to $86.3 million. The even better news was that FY 2026 has started strongly with same store sales up 5.6% and total sales up 28% for the first 8 weeks. Lovisa ended the period with total stores of 1,031, up from 900 a year ago. This includes 7 Jewells stores in the United Kingdom.
Sigma Healthcare Ltd (ASX: SIG)
The Sigma Healthcare share price is up 5% to $2.97. The Chemist Warehouse owner released its full year results this morning and revealed an 82.4% increase in revenue to $6 billion and a 40.1% jump in normalised net profit after tax to $579.1 million. Sigma's CEO, Vikesh Ramsunder, said: "The merger with Chemist Warehouse has delivered a stronger, more integrated healthcare business, with greater scale, capability, and market reach. The FY25 results demonstrate the group's momentum and potential for ongoing growth. Normalised EBIT for the year was up 41.4% compared to the prior corresponding period."
Siteminder Ltd (ASX: SDR)
The Siteminder share price is up 22% to $6.64. Investors have been fighting to get hold of the travel technology company's shares following the release of its FY 2025 results. Siteminder reported a 30.6% increase in annualised recurring revenue to $273 million. This underpinned a major increase in underlying EBITDA to $14.3 million, up from $0.9 million a year ago.
Tabcorp Holdings Ltd (ASX: TAH)
The Tabcorp share price is up 22% to 86.7 cents. This morning, this gambling company released its full year results and reported an 11.8% increase in group revenue to $2,614.6 million and a 23.2% jump in EBITDA to $391.5 million. Tabcorp's CEO, Gillon McLachlan, said: "Today's pleasing results are the outcome of creating a fitter company. We have increased our wagering and media capability at the leadership level, developed a simpler, more cost-effective operating model and are operating with a bias for action and increased accountability."
