Stocks making the biggest moves at noon: Web Travel, EML Payments, Aussie Broadband and more

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

Web Travel Group (ASX: WEB) – Shares rallied 13.6% after reporting its first-half FY25 results. While first-half net profits missed analyst expectations, the company guided to a strong full-year result. The key highlights include:

• Total transaction volumes up 25% to $2.59 billion

• Revenue up 1% to $170.4 million (consensus: $179.6 million)

• Net profit after tax of $52.5 million (consensus $75.7 million)

• FY25 EBITDA guidance between $117-122 million (consensus: $114 million)

• In the first 7 weeks of trading for 2H25, TTV is up 23% and TTV margins were at 6.5% in October

EML Payments (ASX: EML) – Shares up another 10.7% after a 29.2% rally on Tuesday. This momentum stems from an optimistic trading update and outlook presented at yesterday's AGM, which has attracted persistent investor buying and triggered a sharp re-rating of the stock. The key numbers from the AGM include:

• 1Q25 performance is in-line with management expectations, including 12% revenue growth to $48.8 million and 46% underlying EBITDA growth to $11.6 million

• FY25-28 medium-term plan include lifting underlying EBITDA margins to 35%, targeting EPS improvement of 13 cps by FY28 and holding costs flat

• The company says double digit transaction revenue growth by FY27 is expected to become the new norm

Aussie Broadband (ASX: ABB) – Shares up 3.6% after the company launched an on-market buyback of up to 10% of issued capital. The buyback is set to run between 25 February and 27 November next year. The timing and actual number of shares purchased will depend on a range of factors.

Refiners – Large cap names like Ampol and Viva Energy are all up around 3-4%.

Jervois Global (ASX: JRV) – Shares in the microcap cobalt developer rallied 10% after securing a US$24.5 million increase in its working capital facility. This increases the term loan limit to US$32 million, with US$7.5 million drawn to date.

Stocks higher on no market-sensitive news include Qoria (+6.0%), Appen (+5.5%), Life360 (+4.9%), Genesis Minerals (+4.1%), Spark New Zealand (+4.0%) and Catapult International (+3.3%).

City Chic Collective (ASX: CCX) – Shares in the troubled retailer tumbled 26% after releasing its AGM slide deck. The key highlights include:

• Reaffirmed FY25 revenue guidance between $142-160 million (consensus: $144.7m)

• Reaffirmed adjusted FY25 EBITDA guidance between $11-18 million (consensus: $9.7m)

• Trading for the 20 weeks to 17 November 2024: Gross margin dollars up 11% but revenue down 4.8% compared to the prior period

Novonix (ASX: NVX) – Shares in the battery technology company dipped 17% after successfully raising $44.4 million at 60 cents per share (37.9% discount to previous close). The funds will allow Novonix to order, install and commission key equipment required to achieve commercial production of battery-grade synthetic graphite.

Stocks falling on no market-sensitive news include Betmakers Technology (-14.8%), Vulcan Energy Resources (-9.7%), Integrated Research (-5.5%), Silex Systems (-3.2%) and Boss Energy (-3.1%).