ASX reporting season live updates: Everything you need to know about companies revealing results today

Online retailer Kogan.com has once tapped into artificial intelligence to deliver its half-year results presentation.

Founder and chief executive Ruslan Kogan said it “wasn’t just about using the latest tech, it is a practical demonstration of the Kogan.com DNA”.

“We are constantly finding smarter, faster and more cost effective ways to operate,” he said.

“Whether it is in our logistics, our marketing or our investor relations, innovation isn’t just what we sell. It is how we operate.”

Mr Kogan last August admitted on the company’s full-year earnings call that he used AI-generated voices for himself and chief financial officer David Shafer for the prepared portion of their remarks — about 30 minutes — before fielding questions from analysts.

Meanwhile, AI also crept into Chris Ellison’s opening statement on Mineral Resources’ full-year earnings after the blunt-speaking Kiwi’s voice briefly changed into a posh English accent.

Kogan.com on Monday reported a 20.2 per cent decline in net profit to $8.2 million in the half-year ended December.

Shares in mining heavyweight BHP jumped 2.7 per cent to a record high of $54.75 this morning as investors rotate out of technology stocks into hard assets perceived as immune to disruption by AI.

BHP’s half-year profit also topped the market’s expectations thanks to strong copper prices in a result that prompted broker Morgan Stanley to hike its earnings per share forecasts for the miner by 5.6 per cent to $US2.53 for financial year 2026.

Donald Trump’s vow to hike his universal tariff rate from 10 per cent to 15 per cent will “hurt American consumers, American businesses and American growth”, opposition trade spokesman Kevin Hogan says.

The US President’s pledge at the weekend came after the US Supreme Court struck down his signature trade policy based on the legal mechanism he used.

It has sparked fresh concerns across the globe, with those countries who locked in so-called trade deals with Washington left wondering where they stand.

“Trump’s tariffs are bad policy,” Mr Hogan said.

“If this goes ahead it will really be the Americans that suffer.”

The US is Australia’s biggest beef market, importing more than 412,000 tonnes in 2025, according to Meat and Livestock Australia.

That was up 17 per cent year-on-year despite being captured by Mr Trump’s universal 10 per cent import tax.

“They’re not going to stop buying beef from us,” Mr Hogan said, adding that American producers had been hit by drought.

“So now they’re going to be buying it at 15 per cent.

“So it’s really just going to hurt American consumers, American businesses and American growth, who will be paying this new tax, more than Australia.”

However, he did warn of the risk of retaliatory action from other economies, including China.

In January, China imposed a safeguard impost of 55 per cent on beef imports that exceed a newly set annual quota of 205,000 tonnes.

Other major beef exporters, including Brazil and Argentina, were also affected.

“If China retaliates then it will slow down global trade and growth,” Mr Hogan warned.

“And other countries can do that too and that will hit Australian exporters and then jobs.”

He also said that China was “guilty” of throwing its weight around on global trade.

“The US isn’t acting in the spirit of the free trade agreement,” he said.

“But China is also … using its size, trying to bully (the region) on trade.”

Trade Minister Don Farrell is set to visit the US this week.

In its decision last week, the US Supreme Court found Mr Trump’s baseline import tax was not valid under the International Emergency Economics Powers Act.

In response, Mr Trump invoked the Section 122 of the Trade Act of 1974, allowing him to slap blanket imposts of up to 15 per cent on countries to address a “large and serious balance-of-payment deficit”.

However, these duties cannot remain in effect for more than 150 days without authorisation from Congress.

No president has previously invoked Section 122.

Mark Barnaba-chaired Greatland Resources has posted a $342.9 million profit for the half as the miner settles in at Telfer.

The miner produced 167,163 ounces of the precious metal at an AISC of $2,176/oz from the Pilbara gold mine, leading to revenue of $977.3m based on an average price of $5,756/oz.

Greatland had $948.3m in the bank and access to a $500m debt facility to fund as it looks to eventually start building the Havieron project.

Government approvals are expected in the coming six months.

“Our half-year result reflects excellent operating and financial performance at Telfer through the period, underpinned by disciplined cost control and full upside exposure to a strong metal price environment, resulting in substantial cash generation and profitability,” managing director Shaun Day said.

The stock was up 1.23 per cent in early trade to $13.16.

Australian hardware giant Bunnings will be available on the Uber Eats delivery service for the first time, promising tools, garden, and household items delivered to the door in less than 60 minutes.

More than 30,000 items will be available for order from Uber Eats in Australia and New Zealand, with a staged rollout beginning with 15 locations in Australia following a successful pilot in Melbourne in January.

An offshoot of the ride-share giant, Uber Eats promises the items will be delivered at in-store prices, with everything from everyday DIY items to garden supplies, power washers, chairs, mops, pet food, and even a lawnmower on offer.

Bunnings chief operating officer Ryan Baker said that while many Australians preferred browsing their warehouse-sized stores, “we know there are times when convenience and speed are the priority”.

While primarily catering to food delivery, Uber Eats has steadily expanded its services since launch, with Australians shoppers able to get their groceries and items from retail stores such as Pet Barn, Officeworks and EB Games delivered to their door.

Bunnings and Uber in 2024 launched same-day parcel delivery for eligible orders from select metropolitan and regional stores.

Service and delivery fees will apply to Uber Eats Bunnings orders, with the Uber One membership $0 delivery applicable to baskets over a certain value on eligible orders.

New Bunnings stores are expected to roll out Uber Eats from sometime in 2026.

An improving Aussie dollar has forced mining contractor Perenti to trim the top end of its full-year revenue guidance from $3.65 billion to $3.55b.

Top-end earnings were also cut to $350m.

Perenti booked revenue of $1.73b in the first half of the financial year - in line with the record result for the prior corresponding period.

Underlying earnings rose 3 per cent to $160.1m, with statutory post-tax profit up 11 per cent to $70.5m.

The board declared a slightly improved interim dividend of 3.25c a share, saying it remained confident in the outlook, with the support of an improving market and a strong pipeline of opportunities.

“Perenti has delivered another consistent first-half result and is positioned to deliver a strong FY26,” said CEO Mark Norwell, noting earnings would be weighted to the second half.

Austal has delivered a solid set of half-year results, lifting both revenue and earnings to deliver a profit of $25.1 million.

Revenue was up 34.4 per cent for the six months to the end of December to $1.1 billion compared to $825.7m a year earlier, with earnings before intersst and tax of $60.3m - up 41.3 per cent.

Net profit was up 21.4 per cent.

Chief executive Patrick Gregg said the diversification of the shipbuilder’s operations had added to growth while its different global operations “undertake periods of consolidation and infrastructure expansion”.

“Australasian operations were the standout in the first half period, delivering a turnaround in earnings offsetting a reduction in contribution from the USA,” he said.

The results come just days after Austal signed contracts worth $5b to produce Army vessels at its Henderson shipyard, in a deal the Albanese Government claims will generate hundreds of local jobs.

“These are the first in a number of major defence programs planned by the Australian Government, which should see our Australasian operations sustain higher levels of activity going forward and has underpinned the record order book,” Mr Gregg said.

Mr Gregg warned investors that while the outlook for the second half remained positive, Austal would will not match the elevated earnings recorded in the second half of FY25, which included significant profit contribution from the facilities expansion contract in the US.

Full-year EBIT is expect to come in at $110m.

Austal’s order book now stands at a record $17.7b. No interim dividend was declared.