Daily Brief Australia: Fluence Corp, BHP Group Ltd, Novonix and more

In today’s briefing:

Fluence Corp Ltd – Delivering to strategy
BHP Group: Strategic Commodity Selection & Portfolio Reshaping Be A Breakthrough Move?
NVX: Expanding Production Capacity for Offtake Agreements & as Multiple Potential Customers Sample Materials

Fluence Corp Ltd – Delivering to strategy

Fluence Corporation (ASX:FLC) specialises in the delivery of water and wastewater solutions in industrial, municipal and commercial industries across the globe.
The company has released its H1 FY25 full year result (December year-end) which is in-line with pre-released data points and commentary.
The Q2 cashflow statement and financial and operating update was released in July 2025 and included significant detail on group and divisional performance and guidance for the FY25 year.

BHP Group Limited has showcased a complex array of performance metrics and strategic adjustments in its fiscal year 2025 results, revealing both strengths and challenges.
The company has delivered robust operational performance, achieving record production in key sectors such as iron ore and copper, which underscores BHP’s operational excellence and the competitiveness of its assets.
Notably, BHP’s margins remain healthy with an EBITDA margin of 53%, suggesting that the company maintains a competitive edge despite a 10% decline due to commodity prices.

NVX has binding long-term offtake agreements to supply synthetic graphite to multiple key players, including Panasonic Energy, Stellantis, and PowerCo. In the aggregate, NVX already has 20k tonnes per annum (tpa) capacity fully allocated under these agreements.
During 1H 2025, NVX completed the installation of nearly all the mass production equipment it needs for Panasonic.
Moreover, in 1H25, the company supplied samples of synthetic graphite material to 13 different customers and potential customers for their evaluation & qualification.

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