The first half of 2025 was a rollercoaster marked by significant global news, market swings and shifting economic indicators.

The S&P/ASX 200 closed at 8542.3 on Jun 30 and rose 4.7% in the first half year. Among AU stocks with market values exceeding A$10 billion, rising gold prices boosted Evolution Mining and Newmont Corp soaring 63% and 48% respectively.

Medibank Private, Spurred By Improving Fundamentals

In February, Medibank reported its latest half-year results. The company unveiled a 6.1% jump in revenues for the six months to 31 December 2024 to $4.27 billion. Operating profits rose by 12.5% to $386.8 million, while underlying net profits after tax leapt 13.8% to $298.7 million. This enabled Medibank to increase its interim dividend by 8.3% to 7.8 cents per share.

The company has been trending higher ever since, leading to that healthy year-to-date gain we just discussed.

Technology One Shares Surge On Strong Half-Year Results

Investors responded strongly to Technology One’s H1 FY25 results, which showed significant growth. Technology One exceeded its $500 million ARR target 18 months ahead of schedule, a milestone that further supports its long-term outlook and validates the strength of its SaaS+ platform. These results underscore Technology One’s successful transition to a fully SaaS-based model, with more than 90% of revenue now recurring in nature.