The Australian sharemarket delivered a strong session today, with three prominent ASX-listed companies, AGL Energy (ASX: AGL), Aussie Broadband (ASX: ABB), and Evolution Mining (ASX: EVN), leading gains across utilities, telecommunications, and resources. Each stock rallied sharply on a mix of positive results, strategic developments, and favourable sector conditions, signalling renewed investor confidence in their growth trajectories.
Figure 1: ASX has experienced standout performances from AGL Energy (ASX: AGL), Aussie Broadband (ASX: ABB), and Evolution Mining (ASX: EVN) today (11 February, 2026)
AGL Energy surges on strategy and outlook clarity
AGL Energy jumped 10.79% to reach $9.805, adding nearly $600 million in market value to its $6.6 billion capitalisation.
The strong move came after the energy giant released its 1H FY26 results, which investors interpreted as a turning point in both operational performance and strategic direction.
AGL reported underlying EBITDA of $1.092 billion, flat year-on-year, and declared a fully franked interim dividend of 24 cents per share. More importantly, management narrowed its FY26 earnings guidance, giving the market greater certainty at a time when energy policy and wholesale prices remain volatile.
Investors reacted positively to AGL’s progress in renewable energy development, including its expanding 11.3GW project pipeline, construction of the 500MW Tomago Battery, and new long-term wind power agreements in South Australia and Western Australia. The company’s plan to cut $50 million in annual operating costs from FY27 also resonated strongly.
The stock is now up 7.87% over one week, 7.04% over one month, and 5.32% for 2026 so far, suggesting momentum is building rather than fading.
Aussie Broadband rockets on landmark AGL deal
Aussie Broadband delivered one of the day’s standout performances, surging 13.80% to reach $5.155, valuing the company at around $1.5 billion.
The rally followed the announcement of a major strategic acquisition: Aussie Broadband Limited has agreed to purchase AGL Energy Limited’s telco business for $125 million.
Read the full article HERE.
The deal positions Aussie Broadband to become the third-largest NBN provider in Australia, with more than 1.25 million broadband connections once migrations are complete. Management expects the transaction to generate around $235 million in revenue and $21 million in EBITDA in the first year post-migration, making it earnings-accretive.
Under the agreement, AGL will receive $115 million in ABB shares, making it a substantial shareholder in Aussie Broadband. The long-term partnership will allow AGL to continue marketing telco services under its brand while leveraging ABB’s network and customer service capabilities.
With the stock already up 15.84% over the past week and 26.35% over the past year, today’s surge suggests investors see ABB as a rising telecom champion rather than a niche provider.
Evolution Mining shines as gold rallies
Gold producer Evolution Mining climbed 7.81% to $16.15, pushing its market capitalisation to an impressive $32.8 billion.
The move came after the company posted record half-year profits, underpinned by soaring gold prices and disciplined cost control.
Evolution reported a statutory net profit of $767 million, more than double the prior year, alongside record operating cash flow of $1.73 billion. The miner also declared a fully franked interim dividend of 20 cents per share, almost triple last year’s payout.
Higher realised gold prices — averaging $5,726 per ounce — combined with stable production helped lift margins to 57%, one of the strongest results in the sector. Management also reduced gearing to just 6%, leaving the company in a very strong financial position.
The market has rewarded this performance handsomely: EVN is up 11.69% over one week, 25.98% over one month, and a remarkable 159.65% over the past year, massively outperforming both the gold sector and the broader ASX 200.
What today says about the ASX
The simultaneous strength across energy, telecommunications, and resources highlights a more confident tone in the Australian market. Rather than a single-theme rally, today’s gains reflected company-specific catalysts: strategy execution at AGL, expansion at Aussie Broadband, and profitability at Evolution Mining.
If these trends continue, investors may see this session not as a one-off spike, but as the start of a broader recovery in key Australian industries.
