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 0.2% to 8,487.1 points.
Four ASX shares that are rising more than most today are listed below. Here's why they are climbing:
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Nufarm Ltd (ASX: NUF)
The Nufarm share price is up 9% to $2.33. This follows the release of the agricultural chemicals company's FY 2025 results. Nufarm reported a 3% decline in underlying EBITDA (uEBITDA) to $302.5 million for the 12 months. But, excluding the impact of the emerging Omega-3 and Bioenergy platforms, the company's uEBITDA was up 10% on the prior corresponding period. Management is guiding to earnings growth and positive cash generation in FY 2026. Nufarm's outgoing CEO, Greg Hunt, said: "In FY26, we have good momentum in Crop Protection, clear direction and opportunity in Seed Technologies and are well placed to grow earnings, generate cash and reduce leverage."
Nuix Ltd (ASX: NXL)
The Nuix share price is up 4% to $1.93. This has been driven by the release of a trading update ahead of its annual general meeting. The investigative & analytics software provider revealed that its annualised contract value (ACV) currently stands at $230 million. This represents a 12.1% increase on the prior corresponding period and a modest 0.7% lift since June 2025. Looking ahead, it expects its full year ACV to be in the range of $240 million to $260 million in FY 2026.
Silver Mines Ltd (ASX: SVL)
The Silver Mines share price is up almost 10% to 17 cents. This follows the release of strong diamond drilling results at the Bowdens silver deposit. Silver Mines' managing director, Jo Battershill, commented: "It's quite unbelievable that even after 36 years of exploration, resource, infill and extensional drilling at the Bowdens Silver Deposit, we have just drilled the largest ever silver mineralised intercept at this incredible deposit! These results are validation of the quality of the Bowdens Silver Deposit and of the hard work and targeting the technical team have undertaken to deliver this program."
Webjet Group Ltd (ASX: WJL)
The Webjet share price is up 17% to 88.5 cents. Investors have been buying this online travel agent's shares after it received a takeover approach from rival Helloworld Travel Ltd (ASX: HLO). Helloworld has made a proposal to acquire all Webjet's shares for a cash consideration of 90 cents per share. This represents a 19% premium to its last close price. Helloworld's CEO, Andrew Burnes AO, said: "Our proposal represents compelling value for Webjet shareholders. A combination of Webjet and Helloworld would create a powerful business proposition in the dynamic travel bookings industry. We are committed to working collaboratively with Webjet's Board and management team to progress this transaction expeditiously and with minimum disruption to the Company." The Webjet Board has agreed to provide Helloworld with an opportunity to conduct due diligence.
