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Glennon Small Companies Ltd ( (AU:GC1) ) has issued an update.
Glennon Small Companies Limited has released an unaudited update of its net tangible assets per share as at 23 April 2026, reporting a pre-tax NTA of $0.6742 and a post-tax NTA of $0.6619. The pre-tax figure incorporates a deferred tax asset of $0.0746 per share from prior and current year tax losses and profits, while the post-tax measure reflects all tax balances and selling costs at the reduced 25% corporate tax rate, offering investors an updated view of the portfolio’s underlying value.
The NTA disclosure also notes that $0.02 per share of accrued interest on convertible loans is recognised at book value rather than fair value for this report, a detail that may affect how investors interpret the asset backing relative to market valuations. By providing this breakdown between pre- and post-tax NTA and clarifying the treatment of tax assets and convertible loan interest, the company aims to enhance transparency for shareholders assessing the performance and balance sheet strength of its small-cap investment portfolio.
More about Glennon Small Companies Ltd
Glennon Small Companies Limited (ASX: GC1) is an Australia-based listed investment company focused on smaller companies, providing investors with exposure to a portfolio of small-cap equities. The company reports its performance and asset backing to shareholders via regular net tangible asset (NTA) updates to the Australian Securities Exchange, reflecting the value of its underlying investments and related tax positions.
Average Trading Volume: 33,335
Technical Sentiment Signal: Sell
Find detailed analytics on GC1 stock on TipRanks’ Stock Analysis page.