Wesfarmers sees profit boost while Mineral Resources posts loss

Key financial results 

Wesfarmers (ASX:WES)

Wesfarmers reported a 14% rise in full-year profit to $2.9 billion and declared a special dividend totalling $1.7 billion. Shareholders will receive a fully franked final dividend of $1.11 per share, with total dividends of $2.06 per share, plus a special $1.50 distribution.

Qantas(ASX:QAN)

Qantas achieved a 15% increase in full-year net profit to $2.4 billion, driven by robust travel demand. Seat capacity increased by 8%, and the company expects continued strong demand. A final dividend of $0.165, plus a special $0.099 dividend, will be paid. CEO Vanessa Hudson apologised to former employees and affirmed a focus on cultural improvement.

Medibank Private (ASX:MPL)

Medibank saw a 1.7% profit increase to $500 million. With underlying net profit up 8.5% to $690 million, the company completed its Covid-19 support package, returning $1.71 billion to customers. Shareholders receive a final dividend of $0.102 , making the total payment $0.18 per share, fully franked. Medibank anticipates growth in its core and non-resident businesses.

Mineral Resources (ASX:MIN)

Mineral Resources  reported a $900 million loss, down from a $114 million profit, with revenue falling 15% to $4.47 billion. The focus will be on strengthening the balance sheet with a $500 million investment in Onslow for FY 2026, despite not declaring a dividend.