Azzet reports on three ASX stocks with market-moving updates to share today.
Cettire dives after flagging fallout from latest US tariff plans
Shares in Cettire (ASX: CTT) were trading around 19% lower at the open after the global online retailer of personal luxury goods updated the market on the likely impact of Uunited States President Donald Trump’s plans to apply tariffs to low-value imports from all trading partners.
Trump’s order effectively suspends the so-called de minimis exemption, a customs rule that permits imported goods valued at $800 or less to enter the country without incurring tariffs or duties.
While packages entering the U.S. have long qualified for the exemption, a suspension of the suspension of the de minimis exemption applies to any shipment of articles, regardless of their value, country of origin, mode of transportation or method of entry.
This means new duties will apply to online retailers that ship directly to U.S. consumers.
According to the company, shipments to the U.S. accounted for around 40% of Cettire’s gross revenues in May and June 2025.
During this period, the majority of sales to the U.S. were shipments below the de minimis threshold.
Shipments below the de minimis threshold represented most of the company’s sales to the U.S. during this period.
In response to these developments, the company told the market this morning that it has started to identify strategies to prepare for and mitigate potential changes to the U.S. tariff regime throughout calendar 2024 and year-to-date 2025.
“The Company’s localisation strategy has underpinned a continued broadening of the geographic revenue base, which Cettire expects to continue,” the company said.
Cettire boasts access to an extensive catalogue of more than 2,500 luxury brands and 500,000 products.
Several major luxury brands have indicated they would seek to increase pricing of luxury goods in the U.S. market to offset possible tariff changes.
Early April, Cettire noted caution over the tariff threat given that 41% of its business relies on selling EU-based luxury goods to the U.S.
Cettire also attributed its operating loss for the March quarter to the impact of U.S. tariff developments softening underlying demand across all geographies, which it added included items not subject to duties.
Tariff issues aside, Cettire has also been fielding allegations that it may not have been paying the proper duties on goods it ships and also collected duties it did not pass on to the relevant authorities.
Cash levels plunged more than $30 million in three months to just $45 million as of the 13 June tariff announcement.
Meanwhile, Cettire’s deteriorating financial position has the market questioning whether the current tariff debacle is currently masking the retailer’s changing fortunes due to cyclical trends impacting the industry or deeper structural issues confronting the business.
Cettire has a market cap of $106 million; the share price is down 78% in one year and down 23% in the last month.
The stock’s shares appear to be weak with little demand from investors.
Consensus is Moderate Sell.
Rio Tinto moves higher after posting solid 1H
Shares in Rio Tinto (ASX: RIO) were trading around 2% higher heading into lunch today after the diversified mining giant delivered a solid first-half result, with stronger output across iron ore, aluminium and copper driving a 6% beat at the product group level.
Underlying earnings came in at US$11.5 billion, 2% above RBC estimates, 5% down on the same period last year.
However, the beat was offset by US$300 million in restructuring costs linked to the US$6.7 billion acquisition of Arcadium Lithium (NYSE: ALTM).
Due to higher finance costs and a surprise tax hit earnings per share missed by 4% and the US$1.48 per share dividend was 5% below consensus.
Net debt at 30 June 2025 was US$14.6 billion, 166% up on 31 December 2024.
While there has been no change to production guidance for the full year, iron ore volumes are expected at the lower end of the guidance range.
The miner also flagged around US$150 million in additional cyclone recovery costs most of which will be second half weighted.
While copper C1 cash net costs guidance has been lowered from between 130 and 150 US cents to between 110 and 130 US cents, full-year production guidance was unchanged.
Meanwhile, Rio has lifted its 2025 effective tax rate guidance to 33%, from 30%, due to its earnings mix.
With capex coming in 15% lower than expected, free cash flow was boosted to US$2.2 billion which helped to reduce net debt to US$14.5 billion.
Commenting on today’s update outgoing CEO Jakob Stausholm told investors that the miner’s increasingly diversified portfolio helped to deliver a resilient financial result, despite a 13% lower iron ore price and the impact of the cyclones in Q1.
"We are well positioned to generate value from our best-in-class project execution, together with growing demand for our products, now and over the coming decades,” he said.
“We remain on track to deliver strong mid-term production growth, with solid foundations in place and a diverse pipeline of options for the future."
Rio Tinto has a market cap of $42.1 billion; the share price is down -3.34% in one year and up 4.21% in the last month.
While the medium-term picture appears solidly higher, with the 5-day moving average above the 50-day moving average, other indications are mixed.
Consensus is Moderate Buy.
The stock was trading at $113.36 this afternoon.
Beach Energy tumbles after flagging writedown
Shares in Beach Energy (ASX: BPT) were down around 10% in early afternoon trading after the oil and gas producer told the market it would record a $674 million ($474 million after tax) impairment - aka writedown - in its FY25 results due lower commodity prices.
News of today’s writedown appears to have masked the company’s reported 9% uptick in full-year production, with full-year underlying earnings and underlying net profit after tax up 20% and 30% respectively.
Full year sales volumes came in higher at 24.7 mmboe, compared to 21.3mmboe in FY24, while sales revenue was up 13% to $2 billion.
The company noted that the Waitsia gas plant in the Perth basin is now complete, with commissioning "well progressed" as the company works towards first gas in the first quarter of FY26.
Meanwhile, Beach, which is 30% owned by Kerry Stokes’ Seven West Media (ASX: SWG) also noted that drilling at a development well at its Beharra Springs project has shown "partial depletion" in the northern section of the field, requiring a revision to gas reserves.
Commenting on today’s update, the company’s CEO Brett Woods told investors that its strong balance sheet, low-cost operations and domestic focus make it uniquely positioned to deliver on its vision of becoming Australia’s leading domestic energy company.
While flood levels in the Cooper Basin have now peaked and are beginning to recede slowly, the company expects a continuing impact on production during the first half of FY26.
Beach will release its FY25 full year results on Monday, 4 August 2025.
Other key numbers updated today:
- FY25 operating cash flow up 46% to $1.1 billion.
- Net debt of $368 million.
- FY25 pre-growth free cash flow breakeven oil price reduced below US$30/bbl.
- FY25 full year sales volumes increased 16% to 24.7 MMboe.
- Sales revenue of $455 million was 17% below the prior quarter due to lower realised oil and LNG pricing and one less Waitsia LNG cargo lifted.
- Average realised sales price across all products of $77 per boe was 10% below the prior quarter.
- FY25 full year sales revenue of $2.0 billion was 13% above the prior year.
As at 30 June 2025, Beach had total liquidity of $652 million (Q3 FY25: $708 million) comprising cash reserves of $172 million and undrawn committed facilities of $480 million.
Beach Energy has a market cap of $2.6 billion; the share price is down 21% in one year and down 16% in the last week.
The stock’s shares appear to be in a near-term uptrend confirmed by its 20-day moving average.
Consensus is Hold.
This article does not constitute financial or product advice. You should consider independent advice before making financial decisions.
