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An update from WAM Strategic Value Ltd ( (AU:WAR) ) is now available.
WAM Strategic Value reported strong interim performance, with its investment portfolio rising 9.8% in the six months to 31 December 2025 and 14.9% over the 2025 calendar year, materially outperforming the broader Australian market. The portfolio remains largely equity-focused at 82.7%, with returns supported by holdings in global equity LICs such as Regal Partners Global Investments, Pengana International Equities and Regal Asian Investments.
The company announced an increased fully franked interim dividend of 3.25 cents per share, implying an annualised fully franked yield of 5.6% and a grossed-up yield of 8.0% based on recent prices. Operating profit before tax surged 200.7% to $16.0 million, while after-tax profit rose 158.6% to $12.8 million, though the shares continue to trade at a 23.2% discount to the estimated look-through pre-tax NTA of $1.49 per share.
Management highlighted a multi-year track record of double-digit portfolio returns since 2023 and reiterated its focus on closing the discount between the company’s share price and NTA. Sector-wide discounts in the LIC and LIT market narrowed in the half-year, suggesting improving secondary-market demand, yet WAM Strategic Value still trades at a substantial discount, presenting both an ongoing challenge and potential opportunity for shareholders.
The board confirmed the dividend reinvestment plan will operate without a discount for the interim payout, allowing investors to reinvest distributions into shares acquired on-market or newly issued if necessary. Key dates for the interim dividend include a 1 May 2026 ex-dividend date and a 29 May 2026 payment date, reinforcing the company’s emphasis on delivering regular, fully franked income alongside capital growth.
The most recent analyst rating on (AU:WAR) stock is a Buy with a A$1.50 price target. To see the full list of analyst forecasts on WAM Strategic Value Ltd stock, see the AU:WAR Stock Forecast page.
More about WAM Strategic Value Ltd
WAM Strategic Value Limited is an Australian listed investment company that focuses on undervalued asset opportunities, particularly in the listed investment company and listed investment trust sector. Managed by Wilson Asset Management, it invests mainly in equities, including global equity LICs, while also maintaining a cash allocation to manage risk and liquidity needs.
The company targets situations where underlying net tangible asset values are not fully reflected in share prices, aiming to close these discounts through active management and market engagement. Its portfolio strategy seeks to deliver consistent returns and fully franked dividends to shareholders, while narrowing the gap between its share price and look-through NTA over time.
Average Trading Volume: 212,021
Technical Sentiment Signal: Buy
Learn more about WAR stock on TipRanks’ Stock Analysis page.