In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to record a small gain. At the time of writing, the benchmark index is up 0.15% to 8,973.1 points.
Four ASX shares that are rising more than most today are listed below. Here's why they are climbing:
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Dicker Data Ltd (ASX: DDR)
The Dicker Data share price is up 6% to $9.41. Investors have been buying this computer hardware and software distributor's shares following the release of its half year results. Dicker Data posted a 15.7% increase in gross revenue to $1,840.5 million and an 11.4% lift in net profit before tax to $56.6 million. Management advised that this reflects "accelerated PC refresh, supported by Windows 10 end of support; and o meaningful large-scale Artificial Intelligence (AI) related transactions invoiced during the period."
Eagers Automotive Ltd (ASX: APE)
The Eagers Automotive share price is up 12% to $25.43. This has been driven by the release of the automotive retailer's half year results. It posted record half year revenue of $6.5 billion (up 18.9%) and record operating profit before tax of $197.7 million (up 8.3%). The company's CEO, Keith Thornton, said: "Eagers' record first half revenue, including $1.0 billion in growth delivered in just six months, demonstrates our ability to leverage our scale, the quality of our OEM brand partnerships and our unique business units to drive growth and continue to outperform relative to the industry."
IDP Education Ltd (ASX: IEL)
The IDP Education share price is up 29% to $5.86. This morning, this heavily shorted language testing and student placement company released its full year results. It posted a 14% decline in revenue to $882.2 million and a 48% decline in adjusted EBIT to $119 million. However, management spoke reasonably positively about its outlook, which appears to have spooked short sellers. It is guiding to adjusted EBIT of $115 million to $125 million in FY 2026.
Qantas Airways Ltd (ASX: QAN)
The Qantas share price is up 8.5% to $12.06. Investors have been buying the airline operator's shares following the release of strong FY 2025 results. Qantas posted a 15% increase in underlying profit before tax to $2.39 billion. This allowed its board to announce a base final dividend of $250 million and a special dividend of $150 million. Commenting on the results, Qantas' CEO, Vanessa Hudson, said: "Continuing strong demand across all market segments, combined with our dual brand strategy, helped the Group grow earnings. Qantas and Jetstar carried four million more customers during the year, while our Loyalty business grew as frequent flyers engaged with the program more than ever before."
