Materials ETF climbs on missing financials. MaxiPARTS Limited (MXI) released its Q2 fiscal 2026 results with no reported EPS or revenue figures, yet shares advanced 1.3% to $112.73 in Wednesday trading. The iShares Global Materials ETF closed at $112.87 in after-hours activity, up 1.4% from the prior session. Volume remained thin at 6,825 shares, well below recent averages.
Transcript reveals FY25 strength. While Q2 fiscal 2026 numbers weren’t disclosed, the company’s most recent earnings call from August 2025 provides context. CEO Peter Loimaranta called FY25 results “a really strong set of financial results” with “improved financial metrics consistent through just about all of the different key metrics.” The 37-minute call featured analysts from Ord Minnett, Taylor Collison, and Canaccord Genuity.
Cost discipline emerges as theme. CFO Liz Blockley highlighted expense management during the prior call, with one analyst probing whether second-half cost reductions represented a sustainable run rate. Management indicated that “the cost of doing business, the expenditure in the second half was materially lower than the first half,” suggesting margin expansion potential if maintained. No specific guidance figures were provided for fiscal 2026.
Price momentum accelerates. MXI has surged 26.7% over the past three months, climbing from $89.01 in mid-November to current levels. The stock trades 9.9% above its 50-day moving average of $102.47 and 22.7% above its 200-day average of $91.90. The January-to-February rally saw peak intraday volatility, including a 5.7% single-day decline on January 30 that erased gains from a three-day, 11.7% surge.
Guidance points to H1 acceleration. Management’s August commentary suggested “that site to have an accelerated growth rate” in the first six months, with expectations “to be back at that run rate or slightly improved” by the second half. The lack of concrete Q2 metrics makes it difficult to assess whether this projection materialized. Revenue breakdown by customer type and product area was promised in full-year presentations but remains absent from the current release.
This article was generated using AlphaStreet’s proprietary financial analysis technology and reviewed by our editorial team.