Australia’s company gross operating profits rose 1.8% quarter-on-quarter in the second quarter of 2026, rebounding from a revised 1.5% decline in the first quarter but missing market expectations for 2% growth. Mining profits jumped 6.8% after falling 9.4% in the previous quarter, while professional, scientific and technical services increased 4.6% following a 4.2% gain. Growth slowed in manufacturing, construction, and rental, hiring and real estate services. Profits declined in wholesale trade, transport, postal and warehousing, and retail trade. On an annual basis, corporate profits increased 7.4%, compared with 3.2% growth in the previous quarter.