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The ASX is in a profit drought. These 21 stocks can help avoid it

Australia’s sharemarket is about to notch a third straight year of falling profits and 2026 doesn’t look much better. But investors can dodge the losses.

Welcome to purgatory.

The 2025 financial year officially ended on June 30, but investors won’t get a look at the numbers for more than six weeks. So until then, companies go into a form of strategic stasis; this is mainly a period of looking back, rather than moving forwards.

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James Thomson is senior Chanticleer columnist based in Melbourne. He was the Companies editor and editor of BRW Magazine. Connect with James on Twitter. Email James at j.thomson@afr.com

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    Original URL: https://www.afr.com/chanticleer/the-asx-is-in-a-profit-drought-these-21-stocks-can-help-avoid-it-20250715-p5mez2