Stock Analysis

• It also reported validating furnace capacity above its 200-tonne-a-year target after a 63-hour sequence of back-to-back deoxygenation runs totalling 1.6 tonnes.

• Cash EBITDA climbed 47.1 per cent to $61.1 million, and the cash EBITDAMarginreached 24.5 per cent, compared with 17.0 per cent a year earlier.

•Earningsbefore interest and tax were $734.4 million, up 3.8 per cent on an underlying basis, and the EBITMarginwas 6.64 per cent, down 7 basis points.

• The chair acknowledged that the bank did not deliver its original FY26 commitments to the market, largely because specific provisions for troubled loans increased late in the year.

• The company also has a non-operated interest in the Who Dat field in the US Gulf of Mexico, which produces oil,Natural Gasliquids and gas and contributed US$33.0 million, of which US$31.0 million was oil and US$2.0 million gas.

• EBITDA rose 264% to A$344 million, and net profit after tax rose 843% to A$278 million.

• Operating profit after tax was a loss of A$567 million, made up of A$233 million from IDC and a loss of A$800 million from CRU.