Stocks making the biggest moves at noon: Bubs, Iluka Resources, Woodside and more

These are the ASX companies and sectors making headlines in afternoon trade.

Bubs Australia (ASX: BUB) – Shares in the baby formula company rallied 23% after reporting a standout first-half FY25 result. The market has recently been rewarding microcap companies that have achieved positive cash flow, such as Pointerra and Pentanet Key highlights from the Bubs 1H25 report include:

• Positive EBITDA of $2.9m vs. $8.6m loss a year ago

• Second quarter operating cash inflow of $3.9m vs. $13.0m outflow a year ago

• Gross revenue of $32.9m (net revenue of $28.7m, up 42%)

• FDA approval decision expected in October 2025

• Reaffirmed FY25 guidance including $102m revenue, gross margin of over 40% and EBITDA breakeven

Chrysos Corporation (ASX: C79) – Shares up 4.8% after the company reported its second-quarter FY25 report.

• 1.6m samples processed, up 53% year-on-year

• Unaudited revenue up 53% to $15.3m

• “Our significant sales success continued into the second Quarter of FY25 with two new contracts signed, building on four new contracts in the first Quarter. This momentum reflects the ongoing market penetration of our PhotonAssay technology and the efficacy of our customer diversification strategy," said Managing Director Dirk Treasure

Generation Development Group (ASX: GDG) – Shares in the development fund rallied 4.9% after the company reported its December quarter update, highlighting a 31% increase in funds under management to $3.84 billion.

Pantoro (ASX: PNR) – Shares in the WA-based gold miner gained 2.5% after releasing its December quarter report. Production for the quarter was 19,438 ounces of gold, within guidance of 18,000-22,000 ounces. "The $660 million market cap company finished the period with $11.93 million in cash and gold reserves, along with US$12.5 million in outstanding debt.

Discretionary stocks are on the rise today. The top performers include Temple & Webster (+5.9%), JB Hi-Fi (+4.5%), Jumbo Interactive (+4.5%), Myer (+2.8%), Breville Group (+2.7%), Universal Store (+2.5%), and Nick Scali (+2.4%).

Uranium stocks rallied broadly after a strong uptick in overseas peers overnight, with the Global X Uranium ETF rising 4.1%. Today's top gainers include Paladin Energy (+8.8%), Peninsula Energy (+7.3%), Boss Energy (+6.4%), Alligator Energy (+5.6%), Lotus Resources (+5.3%) and Deep Yellow (+4.3%).

Iluka Resources (ASX: ILU) – Shares in the mineral sands and rare earths developer tumbled 9.4% after the company reported a disappointing guidance for 2025. The guidance more than offset the company's solid zircon/rutile/synthetic rutile production and revenue for the 2024 calendar year.

• Z/R/SR production 2024 496.2kt vs. 472kt Macquarie estimates (5.1% beat)

• Z/R/SR sales in-line with MQGe

• 2024 revenue $1,128m vs. $1,089m MQGe (3.5% beat)

• 2025 guidance of 495kt vs. 640kt MQGe (22.6% miss)

• The company said it has the ability to increase synthetic rutile production in 2025 by 110ktpa should market conditions warrant

Woodside Energy (ASX: WDS) – Shares in the energy heavyweight dipped 2.1% after a positive December quarter numbers failed to offset a disappointing FY25 guidance.

• Revenue $13.15bn vs. $13.3bn MQGe

• Production 193.9MMboe vs. 193MMboe MQGe

• Capex $4.9bn vs. $5.0bn MQGe

• FY25 guidance 186-196MMboe vs. 193MMboe MQGe

Lithium stocks are struggling after President Trump signed an executive order revoking Biden's mandate for 50% of new cars to be electric by 2030. Stocks such as Latin Resources (-2.9%), Pilbara Minerals (-2.5%), and Core Lithium (-2.2%) are leading the declines."

Iron ore stocks are broadly weaker amid a slight pullback in Singapore iron ore futures, down 0.3% to US$101.4 a tonne. This is driving stocks like Fenix Resources (-3.5%), Champion Iron (-2.2%), BHP (-1.4%), and Fortescue (-1.2%) lower.