Here are 6 of the best 1H25 results on the ASX this reporting season

6 of the best 1H25 results on the ASX this reporting season

Computershare (ASX:CPU)

Computershare helps its customers manage share registration needed in capital markets, corporate trust services, employee equity plans, and global capital markets.

Investors loved CPU’s 1H25 results, and why wouldn’t they? The company’s revenue was $1.5bn, 6.4% higher than 12 months ago, its EBIT (excluding MI) was $171.2m, up 28%, and its EPS was 18.7% higher. The company paid a dividend of 45 cents per share, up 12.5%. The annualised yield was only 2.1%, but it seems investors were happy that the dividend was increased by a percentage in the double digits.

Dexus (ASX:DXS)

Dexus is a diversified real estate investor. A lot of its upswing in recent weeks has been due to expectation that interest rates are on the way down, and the initial rate cut from the RBA. But Dexus’ 1H25 results were not to be snuffed at.

Its Adjusted FFO (Funds From Operations) was $251.8m, or 23.4c per share and it paid out $204.4m or $0.19 per share. The company’s post-tax profit was only $10.3m due to valuation losses, but was much better than the $597.2m loss it made 12 months ago. Dexus’ management guided to AFFO of 44.5-45.5c per security and distributions of 37c.

A2 Milk (ASX:A2M)

A2 Milk surged 40% in the 2 weeks following its 1H25 results. The company grew its revenue 10%, its profit by 7.6% and its cash balance by 28%. Most pleasingly, it returned to paying dividends, paying out 8.5c per share. Sales in China and Asia increased 11.8% as births in China increased for the first time since 2016.

Also pleasingly for shareholders, sales in the USA increased 13.2%. Although A2 Milk still only had temporary approval (i.e. through a short-term Enforcement Discretion that was because of the shortages seen under the previous administration), the company is pursuing permanent approval and anticipates this happening during the current calendar year.

Temple and Webster (ASX:TPW)  

Temple and Webster (ASX:TPW) is an online furniture and homewares destination. When the company listed, which happened in 2015, it had a market capitalisation of $117m, forecasted revenue of $60m for the following 12 months and 190,000 active customers. Today it has a market capitalisation of >$2bn, >$600m in annualised revenue and ~1.2m active customers!

The company’s 1H25 revenue was $313.7m, up 24%, EBITDA was $13.2m, up 76.3% and its profit was $9m, up 118%. It isn’t the highest margin by any means, but its EBITDA margin was above previously indicated guidance. TPW’s cash balance was $139m and it had no debt. In the first 6 weeks of the year, the company reported its revenue growth was up 16% year on year.

Harmoney (ASX:HMY)

Lenders other than the big banks have endured difficult times, but investors rewarded this company, which began in New Zealand. Its 1H25 results included a profit of $2.3m on an underlying basis, up 350%, whilst its Return on Equity (ROE) was 13%. Credit losses were 3.7%, down form 4.2%, and originations grew 43%, driven by its Stellare 2.0 platform. The company closed the period with a $73m loan book and told investors to expect a profit of $5m for the full FY25 and over $10m in FY26. It is expecting a 20% ROE run rate for FY25 and 25%+ for FY26.

Megaport (ASX:MP1)

Megaport offers an extensive and flexible Software Defined Network that enables businesses to connect with cloud service providers, such as AWS, Microsoft Azure, and Google Cloud.

Megaport told its investors that in 1H25 it delivered a ‘record performance’ and didn’t its investors reward it as such? The company made ARR of $226.6m (up 18%) and Net Cash Flow of $15.7m (up $3.2m). EBITDA came in at $27.6m, representing a 27% margin, and it closed the period with net cash of $76.9m (up 26%). It guided to $216-222m statutory revenue and $57-65m EBITDA.

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