The S&P/ASX 200 Index (ASX: XJO) is on form and charging higher on Wednesday. In afternoon trade, the benchmark index is up 1.1% to 9,119.2 points.
Four ASX shares that are rising more than most today are listed below. Here's why they are storming higher:
Accent Group Ltd (ASX: AX1)
The Accent share price is up 17.5% to 97.5 cents. This morning, this footwear retailer released its half-year results and reported a 2.4% increase in sales to $865.2 million and a net profit after tax of $28.1 million. Accent's board elected to declare a 3.25 cents per share fully franked dividend for the half. The company also revealed that it has "successfully opened the first Sports Direct store and website with pleasing early trade."
DroneShield Ltd (ASX: DRO)
The DroneShield share price is up 11% to $3.36. This has been driven by the release of the counter-drone technology company's full-year results. DroneShield posted a 276% increase in revenue to $216.5 million and a 367% jump in profit after tax to $3.5 million. The company's independent non-executive chairman, Peter James, said: "FY 2026 already has $104 million in secured revenue of which $22 million has been recognised to date. Secured SaaS in FY 2026 is at $22 million, of which $2 million has been recognised to date, and SaaS expected to increase further as additional sales are secured."
WiseTech Global Ltd (ASX: WTC)
The WiseTech Global share price is up 9% to $46.96. Investors have been buying the logistics solutions technology company's shares following the release of its half-year results. WiseTech Global posted a 76% increase in revenue to US$672 million and a 31% jump in EBITDA to US$252.1 million. The company's CEO, Zubin Appoo, said: "This half, we executed with discipline and delivered results in line with our expectations, and we are confident in our outlook. We continue on our deliberate AI transformation journey. AI is strengthening our advantage, enabling significantly more automation and value for our customers, embedding our products more deeply into their daily operations, and unlocking levels of efficiency gains across WiseTech that were previously out of reach."
Woolworths Group Ltd (ASX: WOW)
The Woolworths Group share price is up 11% to $34.99. Investors have been buying the supermarket giant's shares following the release of its half-year results. Woolworths reported a 3.4% increase in sales to $37.14 billion and a 16.4% jump in net profit after tax to $859 million. Woolworths CEO, Amanda Bardwell, commented: "Trading in Q3 to date has been strong in Australian Food; however, customers continue to be value-focused, shopping multiple retailers in a highly competitive environment."
The post Why Accent, DroneShield, WiseTech Global, and Woolworths shares are racing higher appeared first on The Motley Fool Australia.
Motley Fool contributor James Mickleboro has positions in Accent Group, WiseTech Global, and Woolworths Group. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended DroneShield and WiseTech Global. The Motley Fool Australia has positions in and has recommended WiseTech Global and Woolworths Group. The Motley Fool Australia has recommended Accent Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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