In afternoon trade, the S&P/ASX 200 Index (ASX: XJO) is on course to record a small decline. The benchmark index is currently down a fraction to 8,081.4 points.
Four ASX shares that are not letting that hold them back are listed below. Here's why they are rising:
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Chrysos Corporation Ltd (ASX: C79)
The Chrysos share price is up 4% to $5.68. This follows the release of the mining technology company's full year results this morning. Chrysos reported a 69% increase in revenue to $45.4 million and a 156% jump in EBITDA to $9 million. Management advised that this was driven by strong demand for its flagship PhotonAssay product. It provides mining companies with faster, safer, more accurate and environmentally friendly analysis of gold, silver, copper and other elements. The company has provided guidance for FY 2025. It expects total revenue of $60 million to $70 million and EBITDA of $9 million to $19 million.
Nanosonics Ltd (ASX: NAN)
The Nanosonics share price is up 16% to $3.14. This has been driven by the release of the medical device company's full year results. Nanosonics reported a 2% increase in sales revenue and recurring revenue growth of 9% to $121.8 million. And while the company's profits tumbled by 35% to $13 million, investors have been willing to look beyond this. Particularly given that the profit decline was driven by investments in its long-term growth strategy.
Strike Energy Ltd (ASX: STX)
The Strike Energy share price has jumped 19% to 19.7 cents. This morning, this energy producer released an update on activities at the Erregulla Deep-1 exploration well. The company revealed that it has observed positive indications on mud logs and logging while drilling tools of porous gas charged sands. Investors appear hopeful that a change of fortune is coming after some disappointing exploration results in recent months.
Worley Ltd (ASX: WOR)
The Worley share price is up 3.5% to $14.58. Investors have been buying the professional services company's shares after it released its full year results and reported an 18% increase in revenue to $11.6 billion and a 24% jump in underlying EBITDA to $751 million. Worley's CEO, Chris Ashton, commented: "We're consistently delivering on our strategy as demonstrated by increased earnings, margins and cash flow. Our aggregated revenue represents the highest in Worley's history, with increases across all regions and each of the three segments of energy, chemicals and resources contributing to this result."
