ASX Market Close: Index treads water | August 28, 2025

The ASX200 traded flat today leading into close.

Real Estate was the best performing sector, followed by Financials and Industrials.

Energy was by far the worst performing sector, followed by Health Care and IT.

In the Green

Qantas (ASX:QAN) hit an all-time record high after reporting a +28% hike in net profit to $2.4 billion for FY25. The carrier’s revenue increased +8.6%, while underlying profit was slightly better than consensus forecasts.

Also in the green, Wesfarmers (ASX:WES) today reported that it booked statutory NPAT of $2.93 billion for FY25, up 14.4% from the prior year. NPAT excluding significant items rose 3.8% to $2.65 billion. The conglomerate company also surprised investors with a special $1.50 per share dividend.

And, Arika Resources (ASX:ARI) was solidly in the green after inking a deal with Iris Metals (ASX:IR1) to expand its footprint in the Kookynie region in WA’s goldfields.

In the Red

Mineral Resources (ASX:MIN) retreated today on release of its FY25 results. The company booked revenue of $4.5 billion, down 15% from FY24, with underlying EBITDA of $901 million.

Droneshield (ASX:DRO) were in the red leading into close after the company missed out on the first funding package announced under the government’s $1.3 billion LAND 156 Counter-small Uncrewed Aerial Systems program.

And finally, Telix Pharmaceuticals (ASX:TLX) was pummelled by investors after the U.S. Food and Drug Administration highlighted some deficiencies in the company’s submission and requested more information.