Australian small caps are well positioned for the year ahead — and this reporting season reinforced why.

In this video, Phillip Hudak breaks down the key themes from reporting season including where positive surprises emerged, why mission-critical software businesses proved their resilience against the AI narrative, and why the team remains constructive on the smaller end of the market going forward.

With Australian small caps trading at a ~15–20% discount to large caps and superior earnings growth expected through FY26 and into FY27, the opportunity set looks attractive.