AFIC Reports Increased NTA Backing Amid Strong Market Performance

Australian Foundation Investment Co. Ltd. ( (AU:AFI) ) just unveiled an announcement.

AFIC reported an increase in its net tangible asset (NTA) backing per share as of May 31, 2025, with the before-tax NTA rising to $8.23 from $7.93 in April. The company’s investment portfolio, which is benchmarked against the S&P/ASX 200 Accumulation Index, benefited from a strong performance in the Information Technology sector, which rose by 19.8% in May. Despite global market uncertainties, AFIC’s diversified portfolio continues to deliver consistent after-tax investment returns, providing tax-effective income through fully franked dividends. The top 25 investments make up 78.3% of the portfolio, with significant holdings in the Commonwealth Bank of Australia, BHP, and CSL.

More about Australian Foundation Investment Co. Ltd.

Australian Foundation Investment Company Limited (AFIC) is a long-term investor primarily focused on ASX-listed Australian equities. The company aims to provide shareholders with attractive investment returns through fully franked dividends and capital growth over the medium to long term. AFIC manages a diversified portfolio valued at $10.4 billion as of May 2025, with a low management cost and a suggested investment period of five to ten years or longer.

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Technical Sentiment Signal: Strong Buy

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