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Over the past month Australia’s largest companies have been reporting their latest financial reports. We analyse how companies have fared in the current challenging times and assess the outlook for the broader sharemarket.

Woodside Energy Group (WDS) CEO, Meg O'Neill speaks with Tom Piotrowski about the company’s first-half results, its merger with BHP’s oil and gas business, current energy market conditions and how the company is supporting the global energy transition.

Fortescue Metals Group (FMG) posted double-digit declines in its full year revenue, profit and dividend due primarily to rising costs and lower iron ore prices. Offsetting those headwinds were record shipments of the commodity over the year. 

The a2 Milk Company (A2M) posted double gains in revenue and profits for the full year, helped in part by strong sales in its key China market. While greater competition, a lower birth rate in China, failure to obtain regulatory approval to sell infant formula in the US and higher costs were headwinds, the dairy group declared an on-market share buy-back. 

Zip Co (ZIP) posted a 57% lift in annual revenues for the 12 months to 30 June 2022, however due mainly to one-off charges and impairments, it recorded a $1.1bn net loss. Customer numbers grew in its core Australia-New Zealand and US businesses, while costs and bad debts also rose.

GQG Partners (GQG) CEO, Tim Carver speaks with Tom Piotrowski about its 1H22 results, Australian operations, ASX listing and factors driving the current market environment.

Qantas Airways (QAN) recorded its third straight annual loss as expected and flagged by the airline in June. While pent up demand helped its Domestic business, International continued to be impacted by lockdowns, while costs and labour shortages were additional headwinds.

Lithium company Pilbara Minerals (PLS) handed down its full year results, which included a 577% lift in revenues and an inaugural profit. A jump in production and shipments, together with strong demand for the key battery-ingredient lithium, drove the result. 

Transurban Group (TCL) CEO, Scott Charlton speaks with Tom Piotrowski about the FY22 results, managing an inflationary environment, future pipeline and changes to commuter patterns. 

HT&E Ltd (HT1) CEO, Ciaran Davis speaks with Tom Piotrowski about the company’s half-year results, the integration of its ARN Regional business, as well as its digital audio growth opportunities.

Australia’s third largest company CSL Limited (CSL) posted a modest lift in full year revenue, higher costs and softer net profit. While plasma collections rose in FY22, it was done at a higher cost, flu vaccine sales improved and a near US$12b acquisition has muddied its outlook. 

Argo Investments (ARG) Managing Director, Jason Beddow discusses the company's record FY22 result, how the Australian sharemarket is placed given the rising interest rate environment and his views on the financial, energy and retail sectors.

The world's biggest miner BHP Group (BHP) has reported a full year net profit of $30.90 billion compared to $11.30 billion for the same period a year earlier. The result was driven by record coal and copper prices. Removing one off items, underlying profit was up by 39% to $23.82 billion. Record free cash flow paved the way for a better than expected dividend. 

Australia’s largest telecommunications provider Telstra (TLS), posted a decline in revenue, EBITDA and net profit over the 12 months to 30 June 2022. It raised its dividend for the first time in seven years. 

Real estate advertiser REA Group (REA) posted a 26% lift in full year revenues, a 25% jump in profits and a record 89 cent per share final dividend. Recent interest rate hikes slowed property listings, while acquisitions and a tight labour market pushed costs higher.