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Australian Foundation Investment Co. Ltd. (AU:AFI)
ASX:AFI
Earnings Data
Report Date
Jul 27, 2026TBA (Confirmed)
Period Ending
2026 (Q4)Consensus EPS Forecast
―Last Year’s EPS
0.1Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
Balanced/Neutral: The call highlights AFIC’s strong long-term record, low operating costs, maintained ordinary dividend and special dividends funded by franking/profit reserves, opportunistic portfolio additions, and steps to address the NTA discount (buybacks, marketing). However, these positives are offset by clear short-term underperformance versus the benchmark (6‑month NTA -2%, 1‑year +1.2%), profit down 4.6%, notable deratings in major holdings (CSL -37%, James Hardie -38%), a costly miss on the gold rally and a persistent ~9% discount to NTA. Management has acknowledged execution/timing shortcomings and is implementing tactical and structural responses, leaving the net tone cautious and constructive but realistically tempered.Company Guidance
Dividend Stability and Special Dividends
Interim ordinary dividend maintained at $0.12 per share and a $0.025 special dividend declared for H1 FY2026, with an additional $0.025 special dividend expected at the final result (total H1 distribution $0.145). The company reiterates a long track record of delivering stable to growing fully franked dividends.
Strong Long-Term Track Record
30-year performance example: $10,000 invested in 1995 grew to $155,000 by 2025 versus $136,000 for the broader market, illustrating long-term outperformance and the benefits of a low-turnover, quality-compounder strategy.
Low Management Expense Ratio
Management expense ratio reported at 0.11% (annualised), reflecting low-cost operations and scale benefits across the group (historical MER examples: 0.10% in 2020, 0.13% in 2022).
Active Capital Management and Shareholder Returns
Introduction and continuation of on-market share buybacks and increased marketing outreach to address persistent discount to NTA. Strong franking and profit reserves enabled payment of special dividends.
Portfolio Opportunistic Buying and Diversification Moves
During H1 the team added to high‑quality income names (Woolworths, Telstra, Sigma, Telstra) and bought selectively into technology and small-cap growth opportunities (Macquarie Technology, Life360, Objective Corp, Temple & Webster). Small-cap additions reflect a diversified, multi-name approach (three new small caps ~0.3% of portfolio combined).
International Exposure Adding Value
International equities portfolio increased from ~US$100m initial investment to ~$170m at 31 December 2025, representing 1.7% of AFIC’s total portfolio, with holdings including NVIDIA, Microsoft, Netflix and Visa — management states the international sleeve has generated value and will remain as a concentrated, complementary exposure.
Portfolio Size and Quality Holdings
Portfolio value ~ $9.9 billion with 59 stocks and NTA of $7.90 per share; top-25 holdings include large, high-quality names (BHP, Rio, Woodside, major banks, Transurban, Telstra, Goodman, ResMed, Fisher & Paykel) intended to support income and long-term capital growth.
Liquidity & Funding Controls
Portfolio transactional activity in H1 was in line with long-run averages; company maintains liquidity facilities and DRP/DSSP participation that help manage cash flows for dividend funding.
Australian Foundation Investment Co. Ltd. (AU:AFI) Earnings, Revenues Date & History
AU:AFI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
AU:AFI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Jan 20, 2026 | AU$6.97 | AU$6.96 | -0.29% |
Jan 21, 2025 | AU$7.22 | AU$7.25 | +0.40% |
Jan 23, 2024 | AU$6.88 | AU$6.89 | +0.13% |
Jul 25, 2023 | AU$6.42 | AU$6.42 | 0.00% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Australian Foundation Investment Co. Ltd. (AU:AFI) report earnings?
Australian Foundation Investment Co. Ltd. (AU:AFI) is schdueled to report earning on Jul 27, 2026, TBA (Confirmed).
What is Australian Foundation Investment Co. Ltd. (AU:AFI) earnings time?
Australian Foundation Investment Co. Ltd. (AU:AFI) earnings time is at Jul 27, 2026, TBA (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of Australian Foundation Investment Co. Ltd. stock?
The P/E ratio of Australian Foundation Investment Co. Ltd. is N/A.
What is AU:AFI EPS forecast?
Currently, no data Available