The S&P/ASX 200 Index (ASX: XJO) is on course to record a small decline on Tuesday. In afternoon trade, the benchmark index is down a fraction to 8,521.9 points.
Four ASX shares that are not letting that hold them back are listed below. Here's why they are rising:
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Gentrack Group Ltd (ASX: GTK)
The Gentrack share price is up a further 6% to $8.48. Investors have been buying the airport and utilities software provider's shares since the release of the FY 2025 results on Monday. Gentrack reported an 8% increase in revenue to NZ$230.2 million and an 18% jump in EBITDA to NZ$27.8 million. And while management gave no firm guidance, it has spoken positively about the future. It has reiterated its mid-term target of more than 15% compound annual revenue growth and an EBITDA margin of 15%–20%. In response to the update, this morning Bell Potter retained its buy rating on Gentrack's shares with an improved price target of $11.00.
IPD Group Ltd (ASX: IPG)
The IPD share price is up 10% to $3.76. This follows the release of the electrical solutions provider's guidance for the first half of FY 2026. Management advised that it expects EBITDA growth of approximately 6.1% for that half. It said: "There are encouraging signs of recovery and resilience across our end markets, with sustained positive momentum observed across all business units. Earlier investments made into CMI's longer-term growth-oriented strategies are starting to generate tangible benefits, underpinned by strong order book growth. The Group's current opportunity pipeline is positioned well for continued growth through FY26."
SRG Global Ltd (ASX: SRG)
The SRG Global share price is up 4% to $2.78. This morning, this infrastructure services company revealed that it has won a number of lucrative contracts. It advised that it has secured $650 million of contracts with blue-chip clients across Australia and New Zealand. These contracts are across the water, defence, transport, energy, industrial, resources, health and education sectors. SRG Global's CEO, David Macgeorge, commented: "We continue to secure a diverse range of contracts across Australia and New Zealand in a broad range of sectors with both key repeat and new clients. These contract awards are a further demonstration of our market-leading capabilities as a truly diversified infrastructure services company."
Web Travel Group Ltd (ASX: WEB)
The Web Travel share price is up 10% to $4.40. Investors have been buying this travel technology company's shares following the release of its half year results. Web Travel reported an 18% increase in bookings to 5.1 million, a 22% lift in total transaction value (TTV) to a record of $3.17 billion, and a 17% jump in underlying EBITDA to a record of $81.7 million. Web Travel's managing director, John Guscic, was pleased with the half. He said: WebBeds continues to deliver world class TTV growth. We reported $3.2 billion TTV for the first 6 months of the financial year, 22% more than the same period last year, driven by the significant above-market growth coming through in our top 3 regions, particularly the Americas.
