ASX 200 reporting season
NAB and A2 milk lead mixed earnings highlights
As NAB and A2 Milk make strategic moves in their latest earnings reports, Audinate's focus on high-margin software solutions marks a crucial moment for assessing future profitability.
(AI video summary)
This video was created on 18 August for IG audiences by ausbiz.
Key financial results
National Australia Bank (ASX:NAB)
NAB forecasts a 4.5% increase in operating expenses for financial year (FY) 2025, primarily due to payroll remediation costs estimated at $130 million. The June quarter reports cash earnings of $1.77 billion, a 1% drop from previous quarters, influenced by higher credit impairment charges of $254 million. Despite an 8 basis point (bp) rise in net interest margin, net profit declined by 23% in the first half.
Ampol (ASX:ALD)
Ampol announced a fully franked interim dividend of $0.40 per share after a drop in refinery profits. The company aims to fortify its balance sheet ahead of a $1.1 billion service station acquisition. Retail sales focus is expected to improve profit margins, with 2025 capital expenditure (capex) projected at $600 million.
A2 Milk (ASX:A2M)
A2 Milk's profit increased 21% to NZ$ 203 million , with revenue up 13.5% to NZ$ 1.9 billion, buoyed by Chinese market growth.
Audinate (ASX:AD8)
Audinate saw reduced earnings before interest, taxes, depreciation, and amortisation (EBITDA) of $700,000 but maintained a positive cash flow of $7.5 million and a cash balance of $110 million, focusing on high-margin software.
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