CSL Ltd (ASX: CSL) and Telstra Group Ltd (ASX: TLS) were among the companies that revealed new share buybacks last month.
The following list of ASX shares revealed share buyback programs alongside their latest financial results during earnings season.
Companies may decide to run a share buyback if their profits have been especially strong or they have excess cash on their books.
Sometimes, a company may want to take advantage of a weaker share price, too.
A share buyback is a form of capital management whereby an ASX company repurchases some of its shares from shareholders.
Once the buyback program is complete, the company cancels the repurchased shares.
This reduces the overall pool of issued stock, which means future profits are spread across fewer shares.
As a result, earnings per share (EPS), long-term return on equity (ROE), and future dividends are enhanced on a per-share basis.
This benefits investors, and it's why a company's share price will usually rise when it announces a buyback.
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9 ASX shares commencing share buybacks
Let's look at some of the ASX shares that announced new share buyback programs alongside their latest financial results.
CSL Ltd (ASX: CSL)
The CSL share price is $207.98 on Thursday, up 0.7%.
CSL announced a multi-year buyback program that will target US$500 million in the 2026 financial year.
The company will get better value for money after a 23% decline in its share price following its FY25 report.
According to Macquarie's data, CSL shares are now trading on a forward price-to-earnings (P/E) ratio of 19.1x.
This is not only below the current market average P/E but also 2.3 standard deviations lower than the historical norm for CSL shares.
Telstra Group Ltd (ASX: TLS)
The Telstra share price is $4.83, down 0.3% at the time of writing.
Telstra announced an on-market share buyback of up to $1 billion last month.
The company said:
This has been enabled by growth in earnings, and the strength of our balance sheet.
The new buyback follows the completion of a $750 million on-market buyback completed in June.
G8 Education Ltd (ASX: GEM)
The G8 Education share price is 82 cents, up 0.25%.
The child care centre operator announced a further on-market share buyback of up to 5% of issued capital starting from mid-September.
This follows an earlier buyback program between September 2024 and June 2025, during which time G8 Education reacquired 37.9 million shares for about $50 million.
G8 Education CEO and Managing Director Pejman Okhovat said the share buybacks reflect "our ongoing dedication to returning value to investors and prudent capital management".
Treasury Wine Estates Ltd (ASX: TWE)
The Treasury Wine Estates share price is $7.82 on Thursday, down 0.4%.
Treasury Wine Estates announced an on-market buyback of up to $200 million for FY26.
The ASX wine share has lost 30% of its value in the year to date. This contributed to the board's decision to run a share buyback.
Treasury Wine said the buyback:
Reflects the Board's confidence in TWE's Luxury-led strategy, financial strength and long-term outlook, in addition to the Board's belief that the Company's shares are materially undervalued.
Suncorp Group Ltd (ASX: SUN)
The Suncorp share price is $21.01, up 0.65%.
The insurance giant announced an on-market share buyback of up to $400 million to begin this month.
Suncorp CFO Jeremy Robson said:
Going forwards, capital excess to our needs is expected to be returned to shareholders in the form of ongoing buybacks.
Aurizon Holdings Ltd (ASX: AZJ)
The Aurizon share price is $3.19 on Thursday, up 0.2%.
Aurizon announced another buyback of up to $150 million for FY26 following completion of a $300 million program in FY25.
Ventia Services Group Ltd (ASX: VNT)
The Ventia Services share price is $5.21 on Thursday, up 0.5%.
The company said it would increase its current share buyback program by $50 million to $150 million due to its strong balance sheet.
Ventia Services CFO Mark Fleming said:
Our strong balance sheet and reliable cash flow have enabled us to return capital to shareholders, while maintaining financial flexibility.
With our buyback program progressing well and leverage at the low end of our range, we are pleased to announce an increase in our buyback program by $50 million to $150 million in 2025. We will continue to evaluate capital management options based on performance and market conditions.
Brambles Ltd (ASX: BXB)
The Brambles share price is $26.09 on Thursday, up 0.6%.
Brambles announced a new share buyback of up to US$400 million in FY26 after completing a US$403 million buyback in FY25.
Downer EDI Ltd (ASX: DOW)
The Downer EDI Ltd share price is $6.86, down 0.5%.
Downer EDI announced an on-market share buyback of up to $230 million, or about 5% of the current stock on issue.
The company's Managing Director and CEO, Peter Tompkins, said:
The on-market share buy-back announced today of up to $230 million, alongside delivery of dividend growth
and an increased payout ratio target range, are signals of our improving operational performance.
Other types of capital return
Other ASX companies also revealed extra capital returns to shareholders last month, but in a different way than share buybacks.
Check out which ASX shares announced special dividends this earnings season.
