Decent 3Q25, but a challenging 2026 awaits

THE just-ended third quarter of financial year 2025 (3Q25) reporting season must be one of the better quarters in recent times, with more hits than misses, largely due to the corrective and adjusted earnings expectations that has already been built into the current year’s forecast.

Nevertheless, global markets have seen some pullback recently amid concerns that tech valuations may be stretched and whether there is too much hype on artificial intelligence-driven spending.