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An announcement from WAM Capital Ltd. ( (AU:WAM) ) is now available.
WAM Capital reported a sharp downturn in performance for the half year ended 31 December 2025, with revenue from ordinary activities falling 82.3% to $43.5 million and profit before tax dropping 85.5% to $30.2 million compared with the prior corresponding period. Net profit after tax declined 83.9% to $24.1 million, and net tangible asset backing per share eased both before and after tax, indicating pressure on portfolio valuations and underlying asset performance.
Despite the weaker results, the board maintained an interim dividend of 7.75 cents per share, partially franked at 60%, matching the previous final dividend and signalling a continued focus on income for shareholders. The Dividend Reinvestment Plan remains in operation, with shares to be issued at a 2.5% discount to VWAP around the ex-dividend date, providing investors an option to reinvest distributions while potentially supporting the company’s capital base and liquidity.
The most recent analyst rating on (AU:WAM) stock is a Buy with a A$2.00 price target. To see the full list of analyst forecasts on WAM Capital Ltd. stock, see the AU:WAM Stock Forecast page.
More about WAM Capital Ltd.
WAM Capital Ltd is an Australian listed investment company that provides investors with exposure to a portfolio of securities. It focuses on generating returns from ordinary investment activities and distributing a significant portion of its profits to shareholders through regular fully or partially franked dividends. The company’s performance is closely tied to movements in its investment portfolio and broader market conditions.
Average Trading Volume: 749,660
Technical Sentiment Signal: Strong Buy
For a thorough assessment of WAM stock, go to TipRanks’ Stock Analysis page.