Lunch Wrap: ASX left dazed as CBA and AGL land heavy blows
AGL profit miss darkens outlook

Evolution pops on gold-fuelled dividend surge
The ASX was looking a little pale after Tuesday's record close, and was down 0.55% by Wednesday lunchtime in the east.
Wall Street had done its bit overnight – the big US indices closed at record highs again after an in-line CPI print kept a September Fed rate cut in play.
The main problem was homegrown.
Commonwealth Bank (ASX:CBA) and AGL Energy (ASX:AGL), two index heavyweights, were both weighing heavily on the index this morning.
CBA dropped 6% despite posting a $10.25 billion cash profit that was up 4% and bang in line with forecasts.
CBA's issue, though, wasn't the numbers, it was the valuation. At more than $200 in June, analysts say the stock had been priced like nothing could go wrong.
But the RBA's rate cuts are squeezing margins, and investors have been quietly moving money into cheaper-looking stocks. CBA's shares have slipped to $170 since.
AGL Energy (ASX:AGL) fared even worse today, down 14% after a 21.2% slide in full-year core profit thanks to thinner retail margins in a hyper-competitive market.
AGL's core profit slid to $640m, missed forecasts, and guidance of $500m–$700m suggested the coming year won't be much brighter.
Utilities as a sector shed more than 3%, with AGL doing most of the damage.
In other large cap news, Treasury Wine Estates (ASX:TWE) gained 1% on a $200 million buyback and a lifted final dividend to 20c, but the tone wasn't all celebratory.
Growth in Penfolds is tipped to slow in FY26, with Citi analysts noting that Chinese demand is cooling.
Meanwhile, Evolution Mining (ASX:EVN) was a standout, up 5% after handing shareholders triple last year's dividends on the back of record gold prices and higher copper production.
Annual profit more than doubled to $926 million, with a 20-cent total payout for the year that makes the 7-cents of 2024 look like loose change.
ASX LEADERS
Today's best performing stocks (including small caps) intraday:
Security Description Last % Volume MktCap
SFG Seafarms Group Ltd 0.002 100% 4,406,440 $4,836,599
OD6 OD6 Metals 0.054 54% 8,991,415 $5,616,378
LIO Lion Energy Limited 0.018 50% 1,095,403 $5,426,013
BUY Bounty Oil & Gas NL 0.003 50% 203,786 $3,122,944
CYQ Cycliq Group Ltd 0.007 40% 1,558,254 $2,302,583
BMO Bastion Minerals 0.002 33% 10,151,000 $3,307,430
CHM Chimeric Therapeutic 0.004 33% 170,503 $9,763,676
RGL Riversgold 0.004 33% 1,399,250 $5,051,138
IS3 I Synergy Group Ltd 0.011 31% 9,962,533 $13,650,399
AVE Avecho Biotech Ltd 0.007 30% 14,675,337 $15,867,318
THB Thunderbird Resource 0.015 25% 1,976,575 $4,676,897
VEN Vintage Energy 0.005 25% 75,000 $8,347,655
OEC Orbital Corp Limited 0.335 24% 1,850,802 $44,490,524
FUL Fulcrum Lithium 0.061 22% 66,310 $3,775,000
ATT Altitude Minerals 0.024 20% 7,184,017 $3,729,213
DKM Duketon Mining 0.155 19% 553,620 $15,913,506
REM Remsensetechnologies 0.032 19% 973,382 $5,238,418
BCK Brockman Mining Ltd 0.021 17% 755,402 $167,044,178
WC1 Westcobarmetals 0.021 17% 393,264 $3,750,831
AUR Auris Minerals Ltd 0.007 17% 582,666 $2,859,756
BCM Brazilian Critical 0.014 17% 4,211,799 $15,726,399
IPB IPB Petroleum Ltd 0.007 17% 108,000 $4,238,418
OD6 Metals (ASX:OD6) has hit a key milestone at Splinter Rock, producing high-quality mixed rare earth carbonate (~56% TREO) and mixed rare earth hydroxide (~59% TREO) from its 682Mt resource via a simple, scalable heap leach process. The product is magnet-rich and low in impurities. OD6 is now courting offtake partners across North America, Europe, and Asia.
Tyro Payments (ASX:TYR) rallied after revealing multiple unsolicited takeover approaches, though the board says none yet reflect the company's 'intrinsic value'. That, in finance-speak, means 'try again, and bring a bigger cheque'.
iSynergy Group (ASX:IS3) has locked in a $300k deal with Nasdaq-listed Treasure Global (TGL) to supply high-performance AI GPUs and specialised software, paid over six monthly instalments. The agreement covers delivery, inspection, and IP rights, with a perpetual licence for any embedded TGL tech.
ASX LAGGARDS
Today's worst performing stocks (including small caps) intraday:
Code Name Price % Change Volume Market Cap
BEL Bentley Capital Ltd 0.017 -35% 890,068 $1,979,326
1AD Adalta Limited 0.002 -33% 436,601 $3,463,949
DTM Dart Mining NL 0.002 -33% 5,750,468 $3,594,167
PRM Prominence Energy 0.002 -33% 205,220 $1,459,411
PSL Paterson Resources 0.015 -29% 25,990,153 $9,576,795
SKK Stakk Limited 0.005 -29% 3,300 $14,525,558
AYT Austin Metals Ltd 0.003 -25% 4,674,800 $6,336,765
ECT Env Clean Tech Ltd. 0.003 -25% 7,260,928 $16,061,742
MRQ Mrg Metals Limited 0.003 -25% 691,143 $10,906,075
PR2 Piche Resources 0.110 -21% 15,416 $11,688,502
PRX Prodigy Gold NL 0.002 -20% 1 $16,854,657
MRD Mount Ridley Mines 0.003 -17% 323,599 $2,335,467
TMK TMK Energy Limited 0.003 -17% 10,691,395 $30,667,149
UBI Universal Biosensors 0.020 -17% 683,295 $7,153,618
EM2 Eagle Mountain 0.006 -14% 5,000 $7,945,261
GTR Gti Energy Ltd 0.003 -14% 2,121,280 $13,029,292
MTB Mount Burgess Mining 0.006 -14% 921,363 $2,979,468
TYX Tyranna Res Ltd 0.003 -14% 591,884 $11,697,542
AGL AGL Energy Limited. 8.880 -13% 12,565,495 $6,875,476,721
AM5 Antares Metals 0.007 -13% 46,558 $4,118,823
IN CASE YOU MISSED IT
Asra Minerals (ASX:ASR) is preparing to drill the Leonora project, hunting for new gold discoveries near two historical WA mines.
Freshly listed StepChange Holdings has beaten the financial targets set out in its June IPO prospectus.
Imagion Biosystem (ASX:IBX) has strengthened a push into AI-enabled cancer diagnostics through collaboration with leading experts at Wayne State University.
Norfolk Metals' (ASX:NFL) has embarked on a maiden drill campaign aimed at unlocking the potential for a low-cost, high-margin heap leach operation at its Carmen copper project.
LAST ORDERS
Firetail Resources (ASX:FTL) will soon trade under the name Mammoth Minerals with the new ticker (ASX:M79) after getting the tick of approval from both shareholders and ASIC.
The changes will come into effect from tomorrow, Thursday August 14, 2025 with rebranding to take place over the following weeks.
Ausgold (ASX:AUC) has advanced several development streams at the Katanning gold project in WA following the release of a definitive feasibility study in June.
AUC has since begun testing of local bore water, having entered into a binding easement agreement with the local landholder for water access and infrastructure. The company has also agreed to acquire a farm about 2.5km from a proposed processing plant for the project for $1.5m that could support infrastructure for mine life extensions.
At Stockhead, we tell it like it is. While Firetail Resources and Ausgold are Stockhead advertisers, they did not sponsor this article.
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