Company Interview / Market Update | Japan Tariffs, Woodside, Karoon, Ampol, Paladin, Westgold, Iluka, Telix, Pointsbet, Dexus

The dollar is holding losses against the Yen -- after US President Trump announced a trade deal with Japan. Trump said the agreement will result in Japan investing US$550 billion into the United States -- with a tariff rate of 15% set on US imports from Japan.

Woodside Energy has beat expectations with its second quarter revenue, however the energy giant has trimmed its 2025 outlook.

Karoon Energy CEO Julian Fowles will leave the company mid-next year. His exit follows a decision by Karoon to relocate key corporate teams and roles to Brazil and the United States of America.

Ampol expects lower half-year earnings due to supply chain impacts. Ampol expects earnings before interest and tax on a replacement cost basis to come in at $400 million, compared with $502.1 million a year earlier.

Paladin Energy's Langer Heinrich Mine saw a 33% jump in quarterly production, hitting record crusher throughput. Meanwhile, the energy giant had cash and cash equivalents of US$89 million and an undrawn US$50m revolving debt facility at the quarters end.

Westgold provided a recorded quarterly treasury build of $132m ending with $364M in cash, bullion, and liquid assets. In FY25, over 300,000 ounces were produced, and Q4 output was slightly over 88,000 oz at $2,688/oz AISC.

And Iluka Resources spent $402M in capex with $223M on mineral sands and just under $180M on the Eneabba rare earths refinery. The company received $9.5M in dividends from Deterra Royalties.

Telix shares are under pressure after the biopharma company confirmed the US SEC has formally requested it provide certain documents and information, relating to the development of its prostate cancer therapeutic candidates. Telix has reported a 63% jump in second quarter group revenue of US$204 million and reaffirmed its FY25 guidance.

PointsBet has rejected Betr's offer of 3.81 Betr shares for every 1 PointsBet share, calling it an unsolicited scrip offer. It has unanimously recommended shareholders to accept the MIXI takeover offer in the absence of a superior offer.

The Dexus Wholesale Shopping Centre Fund will purchase a 25% stake in Scenter Group's Westfield Chermside in Brisbane’s north for $683 million. Scentre Group will remain property, leasing and development manager for the joint venture.