FINWIRES · TerminalLIVE
FINWIRES

Peet Raises Fiscal 2026 Net Profit After Tax Guidance; Shares Gain 7%

By

Peet (ASX:PPC) raised its fiscal 2026 net profit after tax guidance to between AU$98 million and AU$100 million from a previous range of AU$86 million to AU$90 million, according to a Thursday filing with the Australian bourse.

The new outlook represents earnings growth of 67% to 71% compared with fiscal 2025, per the filing.

The company attributed the upgrade mainly to continued strong market conditions across Western Australia and Queensland, as well as an acceleration of its construction program that helped it bring product to the market sooner than expected.

Peet's shares gained 7% in recent Thursday trade.

Related Articles

Asia

Clever Culture Systems Secures Two Orders for Imaging Instrument

Clever Culture Systems (ASX:CC5) secured two new pharmaceutical orders, including an agreement for a paid evaluation of its APAS Independence imaging instrument with a new pharmaceutical customer, according to a Thursday filing with the Australian bourse.The agreement includes an upfront payment covering installation, which is expected in June, and a non-refundable prepayment for a potential purchase following the evaluation, the company said.The second purchase order is from a new single-site US customer. The instrument under the second order has been shipped and is also due to be installed in June.Clever Culture said the volume of active global top-20 pharma customers deploying APAS increased in fiscal year 2026 and is expected to grow further in fiscal year 2027.

$ASX:CC5
Asia

Ore Resources Agrees to Acquire Additional Tenure at Western Australia Project

Ore Resources (ASX:OR3) signed an option agreement to acquire additional tenure at the Miriam project, part of its Coolgardie projects in Western Australia, according to a Thursday filing with the Australian bourse.The company agreed to acquire six tenements next to its current landholdings at the Miriam project, with an exclusive three-month option period for the payment of an upfront, non-refundable option fee of AU$50,000, the filing said.If the option is exercised, the company will pay AU$500,000 in the form of cash and scrip, with a six-month voluntary escrow period, per the filing.

$ASX:OR3
Asia

Market Chatter: Panasonic Targets 10 Billion Yen in Sports Facilities Revenue in Fiscal 2027

Panasonic's (TYO:6752) unit, Panasonic Electric Works, aims to generate 10 billion yen in revenue from sports facilities in fiscal 2027, Nikkei Asia reported on Thursday, citing Panasonic Electric President Katsufumi Miyamoto.The target comes as the unit expects stadiums and arenas to be a new growth area as its traditional markets decline, the report said.The company has already supplied signage and lighting for Toyota Arena Tokyo and Es Con Field, and converted Hanshin Koshien Stadium to LED technology, the news agency said.The subsidiary is actively pursuing more than 10 arena projects, with a single venue potentially bringing in "hundreds of millions of yen," the publication said, citing a source.The subsidiary generated 1.16 trillion yen in sales in fiscal 2025, accounting for 14% of Panasonic Holdings' total revenue, while maintaining its top domestic market share in wiring devices and residential lighting, its founding businesses.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

$TYO:6752