In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to record a solid gain. At the time of writing, the benchmark index is up 0.75% to 8,833.4 points.
Four ASX shares that are rising more than most today are listed below. Here's why they are climbing:
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ANZ Group Holdings Ltd (ASX: ANZ)
The ANZ share price is up almost 3% to $37.82. Investors have been buying this banking giant's shares following the release of its full year results this morning. The big four bank posted a cash profit before significant items of $6,896 million. While this was flat on the prior corresponding period, it was ahead of the consensus estimate. ANZ's CEO, Nuno Matos, said: "Our franchise has a strong competitive position. We have two scale markets, Australia and New Zealand, two market leading positions, our Institutional and New Zealand businesses, and a well-diversified business benefitting from our strong presence in Asia, the fastest growing economic region in the world."
Core Lithium Ltd (ASX: CXO)
The Core Lithium share price is up 12% to 16.25 cents. This follows the release of an updated reserve for the Grants deposit at its 100%-owned Finniss Lithium Project. Management advised that Grants will now be initially mined as an open pit and will transition later to an underground mine. This is expected to reduce the re-establishment costs for Grants and bring first ore and revenue forward. It estimates that the change will reduce Grants pre-production capital by $35 million to $45 million.
Iress Ltd (ASX: IRE)
The Iress share price is up 6% to $9.30. This morning, this financial technology company announced initiatives that it expects to permanently boost its margins. Iress has divested six non-core business units, which has enabled it to strengthen its balance sheet and "transformed (it) into a more focused and streamlined organisation centred on two core global enterprise software business units – Wealth and Trading & Market Data"
Monadelphous Group Ltd (ASX: MND)
The Monadelphous share price is up 9% to $24.63. This follows the release of a trading update from the engineering company this morning. Monadelphous revealed that the strong momentum experienced in the last quarter of FY 2025 has continued. This has been underpinned by the record level of work secured during the 2025 financial year. As a result, Monadelphous is forecasting first half revenue of approximately $1.5 billion. And while operating activity is expected to moderate in the second half, its full year revenue is still forecast to grow 20% to 25% year on year.
