Azzet reports on three stocks with price moving updates today.
Monadelphous rallies in strong 1H FY26 result ~
Shares in Monadelphous (ASX: MND) were trading 11.7% higher by 1:40 pm AEDT (2:40 am GMT), trading at record levels after the engineering group reported a record 1H FY26 result that exceeded analyst expectations across all key financial metrics and upgraded its FY26 revenue guidance.
Investors appear to have given a thumbs up to what it sees as the successful integration of recent acquisitions, including Kerman Contracting, which collectively have broadened the group's service capabilities in infrastructure and high-voltage solutions.
Broad-based growth across its core divisions - engineering construction, and maintenance and industrial services divisions - saw the group deliver 1H FY26 revenue of $1.53 billion, up 45.6% on a year earlier, with net profit after tax jumping 52.6% to $64.9 million.
The board declared a fully franked interim dividend of 49 cents per share, an 8% beat on analyst estimates of 45.5 cents.
Underpinned by service expansion and larger projects in renewables through Zenviron, construction revenue rose 67% to $677.8 million, while higher energy sector activity and continued strong iron ore demand saw maintenance services revenue grow by 32.1% to $852 million.
Commenting on today’s update, managing director Zoran Bebic told the market to expect 2025-26 revenue to be about 30% higher than the previous year, with operating margins maintained at first-half levels.
“Long-term demand in the resources and energy sectors is expected to continue, supported by an improved global economic growth outlook.” he said.
“Continued investment in new and existing operations in Western Australia’s iron ore sector is driving demand for both maintenance and construction services, with the energy sector to offer substantial prospects.”
With the outlook for energy transition metals strengthening, and Australia’s Net Zero emissions objective continuing to drive long-term investment in energy generation, storage and transmission infrastructure, Bebic believes Monadelphous is well positioned to capitalise on the growing pipeline of opportunities.
He expects the $1.4 billion contract book and recent acquisitions to underpin the company’s continued growth, especially in energy transition, infrastructure, and renewables.
Other key numbers announced today:
- EBITDA rose 45.6% to $116.2 million.
- Cash balance $322 million at period end.
- $1.4 billion in new contracts and extensions since 1 July 2025.
- Cash flow from operations of $171.1 million.
- Cash flow conversion rate of 186%.
During the 1H, the group made three strategic acquisitions:
Perth-based Kerman Contracting: Which has averaged around $100 million of revenue per annum over recent years.
Australian Power Industry Partners: a high-voltage electrical contractor based in Milton, Queensland.
High Energy Service: Perth-based high voltage services business.
Since announcing contract updates in early November, the share price has risen 58% to $35.54.
Monadelphous has a market cap of $3.5 billion; the share price is up 120% in one year and up 19% in the last week.
The stock is in a strong bullish trend, confirmed by multiple indicators. Specifically, a 5-day moving average of the stock price is above the 50-day moving average.
Additionally, both the 200 and 20-day moving averages are trending higher.
Consensus is Hold.
Tyro rises on strong 1H result
Shares in Tyro (ASX: TYR) were trading 1.6% higher after the payments fintech company’s 1H FY26 result demonstrated major profitability improvements due to operational discipline and strategic expansion in banking services.
While the company delivered earnings of $39.5 million for H1 FY26 - a 19.8% increase year-over-year, and an earnings margin of 33.6% - what really impressed the market this morning was the statutory profit before tax of around 72.3% to $17.7 million, while free cash flow jumped 51.8% to $13.6 million, providing additional capacity for growth investments.
Overall, transaction value grew by 4% to $22.9 billion.
No dividends were declared or paid and none are planned for the half-year.
Commenting on today’s update, newly appointed CEO Nigel Lee told investors that the launch of new transaction accounts and a flexible loan product have driven a 38% increase in users.
“We will continue to invest in the capabilities that improve the merchant experience and make Tyro the first choice for Australian SMEs and larger merchants,” said Lee.
“Having significantly improved our level of profitability, the strength of our balance sheet and cash position provides capacity for us to explore additional growth opportunities, whether that be organic or inorganic.”
Lee also reaffirms the company’s FY26 guidance of gross profit between $230 million–$240 million and an earnings margin in the range of 28.5%–30%.
He also reminded investors that Tyro has over $140 million in available funds to help deliver its next phase of growth.
H1 FY26 Highlights:
- Banking division performed strongly with an 18.7% jump in loan originations to $88.7 million.
- Net return on banking improved in the period from 11.7 to 12.2%.
- Health delivered 1H growth at 9.4%.
- 5.6% growth in Tyro Core payment volumes.
- New banking products were launched to customers in September.
In December, Tyro acquired Thriday, which management expects will deepen Tyro’s role as the domestic payments and banking champion for Australian SMEs. Thriday adds automated invoicing, expense management, budgeting, and tax tools, and it’s designed to simplify financial management for small businesses.
Loan originations grew by close to 20% compared to last year.
Tyro has a market cap of $516 million; the share price is up 12% in one year and up 4% in the last week.
As of February 24, 2026, many analysts consider Tyro to be undervalued, with consensus price targets suggesting significant upside potential from its current trading price of around $0.965.
Based on the brokers that cover the stock, as reported on by FN Arena, the stock is currently trading at a 42% discount to the target price of $1.33.
The stock appears unable to make a substantial move up or down.
Its 20 and 200-day moving averages are relatively flat and imply a lack of interest by both buyers and sellers.
Consensus is Strong Buy.
Viking Mines rises on Linka tungsten project update
Shares in Viking Mines (ASX: VKA) were trading 7.7% higher this afternoon after the management flagged the potential for early production at the Linka tungsten project in Nevada, after reviewing historical data that uncovered more high-grade mineralisation.
According to the most recent batch of assays, the Conquest area returned a string of hits described by management as “exceptional”, including 12.2m at 1.3% WO3 from 26.5m, 22.9m at 0.6% from 19.8m and 22.9m at 0.5% from 15.5m.
These outcomes build on reported results for Linka Main and Hillside released to the market last Friday, including 7.9m at 0.9% WO3 from 7.6m, 9.8m at 0.5% from 61.9m and 1.5m at 1.0% from 12.2m.
Commenting on today’s update, Viking Mines CEO, Julian Woodcock, told the market that finalising the digitisation of the Linka dataset - which now includes these thick, high-grade intercepts at Conquest - is another significant milestone achieved.
“We have consolidated a comprehensive digital record of the historical exploration that now validates the exceptional opportunities presented by this high-grade tungsten mineralised system,” he said.
"With the U.S. defence industry facing a hard 2026 deadline to secure non-Chinese tungsten, the timing of these results is critical. We are moving rapidly toward our maiden drilling programme to support future U.S. tungsten independence.”
Coupled with ongoing record tungsten prices, reaching US$1,800/mtu of APT, Woodcock also noted that the timing of Vikings acquisition presents an excellent opportunity to rapidly advance the Project for the benefit of shareholders.
Overall, Viking has identified three priority targets for potential expansion of the mineralised system, including an undrilled area around the Conquest shaft and plans to drill-test an area southeast of Conquest which lies beneath volcanic cover.
Another high-priority regional target is the main intrusive contact between the mineralised Vinini Formation and the Antelope Valley limestone at depth.
The miner reported a strong cash position of $2.72 million as of 30 June 2025.
In addition to Nevada, the miner currently manages a diversified portfolio across several jurisdictions:
- Gold (Western Australia): The First Hit Project is the company's primary gold asset. It is located near Kalgoorlie and includes the historic First Hit mine, where Viking is exploring for new high-grade gold shoots.
- Battery Minerals (Western Australia): The Canegrass Battery Minerals Project contains a significant vanadium resource; the project is also being assessed for its lithium potential.
- Legacy Assets (Ghana): The company holds interests in several gold projects in Ghana, including the Akoase Gold Project.
Viking Mines has a market cap of $32 million; the share price is up 55% on one year and up 64% year to date.
The stock is in a strong bullish trend confirmed by multiple indicators.
Specifically, a 5-day moving average of the stock price is above the 50-day moving average.
Consensus does not cover this stock.
This article does not constitute financial or product advice. You should consider independent advice before making financial decisions.