Brambles Ltd's stock surged 5.15% during intraday trading on Thursday, following the release of its first-half financial results which exceeded market expectations.

The global pallet supplier reported underlying profit of $792 million for the six months through December, representing a 10% increase year-over-year and beating analyst forecasts. The company also announced a 21% increase in its interim dividend to 23 U.S. cents per share.

Adding to the positive sentiment, Brambles raised its full-year free cash flow guidance to a range of $950 million to $1.1 billion, up from previous guidance of $850 million to $950 million. The company maintained its fiscal year 2026 underlying profit growth outlook of 8-11% at constant currency rates, demonstrating confidence in its ongoing performance despite some market headwinds.