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An announcement from WAM Research Ltd. ( (AU:WAX) ) is now available.
WAM Research reported net tangible assets of 100.80 cents per share before tax and 100.32 cents after tax for December 2025, reflecting a $1.0 million tax payment during the month, with total assets of $209.4 million and an investment portfolio that has returned 14.6% per annum since July 2010, outperforming the S&P/ASX All Ordinaries Accumulation Index. The company confirmed a FY25 full-year dividend of 10.0 cents per share, 60% franked, translating into an 8.2% dividend yield and 10.3% grossed-up yield based on the month-end share price of $1.225, but noted that maintaining dividends at current levels will depend on future portfolio performance, additional profits reserves and franking credits. Operationally, the portfolio declined over the month, with Maas Group Holdings contributing positively after winning a significant AI-related infrastructure contract that expands its digital infrastructure exposure, while Regis Healthcare detracted following asset sales in Far North Queensland and the resignation of its CEO, prompting WAM Research to reduce its position amid increased uncertainty.
The most recent analyst rating on (AU:WAX) stock is a Buy with a A$1.50 price target. To see the full list of analyst forecasts on WAM Research Ltd. stock, see the AU:WAX Stock Forecast page.
More about WAM Research Ltd.
WAM Research Limited (ASX: WAX) is an Australian listed investment company focused on identifying undervalued growth opportunities in the domestic equity market. The company manages an investment portfolio benchmarked against the S&P/ASX All Ordinaries Accumulation Index and seeks to deliver attractive fully and partially franked dividends to shareholders, supported by profits reserves and franking credits generated from its portfolio holdings.
Average Trading Volume: 136,767
Technical Sentiment Signal: Strong Buy
Learn more about WAX stock on TipRanks’ Stock Analysis page.