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Washington H. Soul Pattinson and Co.
(OTC:SOL)
Washington H. Soul Pattinson and Co. (SOL) vs. iShares MSCI Australia ETF (EWA)
Washington H. Soul Pattinson and Co. Business Overview & Revenue Model
Washington H. Soul Pattinson and Co. Financial Statement Overview
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.41B | 613.40M | 557.60M | 362.90M | 2.56B | 1.07B |
| Gross Profit | 957.60M | 157.30M | 154.60M | 108.37M | 1.53B | 535.38M |
| EBITDA | 658.70M | 574.20M | 568.40M | 237.82M | 1.25B | 471.69M |
| Net Income | 364.20M | 364.20M | 498.80M | 690.72M | -12.94M | 273.20M |
Balance Sheet | ||||||
| Total Assets | 11.18B | 11.18B | 10.40B | 9.80B | 9.71B | 7.64B |
| Cash, Cash Equivalents and Short-Term Investments | 1.16B | 1.16B | 743.50M | 1.33B | 1.08B | 1.01B |
| Total Debt | 1.01B | 1.01B | 765.90M | 436.94M | 547.90M | 1.17B |
| Total Liabilities | 1.77B | 1.77B | 1.40B | 1.06B | 1.25B | 2.48B |
| Stockholders Equity | 9.41B | 9.41B | 8.99B | 8.72B | 8.45B | 4.09B |
Cash Flow | ||||||
| Free Cash Flow | 205.80M | 205.80M | 255.70M | 596.24M | 1.01B | 333.16M |
| Operating Cash Flow | 328.40M | 328.40M | 429.30M | 773.54M | 1.19B | 514.72M |
| Investing Cash Flow | -468.90M | -467.10M | -301.80M | -454.80M | -485.72M | -413.71M |
| Financing Cash Flow | 117.70M | 115.90M | -178.20M | -513.51M | -814.52M | 162.93M |
Washington H. Soul Pattinson and Co. Technical Analysis
Washington H. Soul Pattinson and Co. Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | AU$6.40B | 9.61 | 11.40% | 1.90% | 52.51% | 82.60% | |
73 Outperform | AU$6.40B | 6.67 | 11.04% | 12.15% | -8.45% | -24.30% | |
71 Outperform | AU$3.28B | 7.48 | 17.04% | 8.74% | -1.53% | -7.57% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
66 Neutral | AU$2.14B | 551.16 | 0.15% | 7.29% | -18.98% | -99.05% | |
54 Neutral | AU$569.99M | -1.04 | -36.13% | 4.71% | -23.91% | -352.91% | |
50 Neutral | AU$13.35B | 31.53 | 3.98% | 2.91% | 10.37% | -25.81% |
Washington H. Soul Pattinson and Co. Corporate Events
S&P Dow Jones Indices has announced the quarterly rebalance of the S&P/ASX Indices, effective December 22, 2025. Washington H. Soul Pattinson and Company Limited will be added to the S&P/ASX 50 Index, reflecting its strengthened market position. This inclusion signifies a positive development for the company, potentially enhancing its visibility and attractiveness to investors.
Washington H. Soul Pattinson and Co. has announced that it has ceased to be a substantial holder in Symal Group Limited as of December 1, 2025. This change reflects a shift in the company’s investment strategy, potentially impacting its influence in the market and its stakeholders. The announcement highlights the company’s ongoing adjustments in its portfolio, which may affect its market positioning and strategic direction.
Washington H. Soul Pattinson and Company Limited has announced its financial calendar for 2026, detailing key dates for stakeholders. The announcement includes the dates for the half-year results and interim dividend announcement on March 26, the full-year results and final dividend announcement on September 24, and the Annual General Meeting on November 27. These dates are crucial for investors and stakeholders to stay informed about the company’s financial performance and strategic decisions.
Perpetual Limited and its related bodies corporate have ceased to be substantial holders of Washington H. Soul Pattinson and Company Limited as of October 1, 2025. This change in substantial holding could impact the company’s shareholder structure and influence its market positioning, potentially affecting stakeholder interests.
Washington H. Soul Pattinson has announced the completion of its merger with Brickworks Limited. The company has released an investor presentation and pre-merger FY25 annual reports, with the first post-merger financial results expected in March 2026. The FY25 results for the pre-merger entity, now WHSP Holdings Limited, are consistent with previous forecasts and do not reflect the merged group’s performance due to historical cross-shareholding. This merger is expected to enhance Soul Patts’ market position, offering a more diversified investment portfolio to stakeholders.
Washington H. Soul Pattinson and Co. has announced a strategic merger with Brickworks, creating a newly capitalized ASX50 diversified investment house with over $13 billion in net assets. This move is part of the company’s ongoing strategy to enhance shareholder value through diversified investments, and it solidifies its position as a major player in the investment industry with a 122-year dividend legacy.
Washington H. Soul Pattinson and Company Limited announced a selective buy-back of 53,829,015 securities from WHSP Holdings Ltd, out of a total of 433,748,697 securities on issue. This move is part of the company’s strategy to manage its capital structure effectively, potentially impacting its financial performance and market positioning.
Soul Patts announced that its shareholders have approved a selective buy-back resolution to extinguish the cross shareholding between itself and Pre-merger Soul Patts, a move following its recent merger with Brickworks Limited. This decision, passed via a special resolution, is expected to streamline the company’s operations and potentially enhance shareholder value by simplifying its corporate structure.
Washington H. Soul Pattinson and Company Limited and Brickworks Limited have successfully implemented their respective share schemes, resulting in the issuance of Topco Shares to eligible shareholders. As a result, trading of Soul Patts and Brickworks shares has ceased, with Topco Shares now trading on the ASX. Brickworks plans to delist from the ASX following this transition. This strategic move is expected to streamline operations and potentially enhance shareholder value, reflecting a significant shift in the companies’ market positioning.
Washington H. Soul Pattinson and Company Limited (Soul Patts) announced a series of shareholder briefings to be held in major Australian cities, including Sydney, Melbourne, Adelaide, and Brisbane. These briefings, hosted by Chairman Robert Millner AO, aim to provide shareholders with insights into the company’s strategy, portfolio, and future opportunities, reflecting Soul Patts’ commitment to transparency and stakeholder engagement.
Washington H. Soul Pattinson and Co. (WHSP) has announced that it has ceased to be a substantial holder in AMA Group Limited as of September 15, 2025. This change in holdings was facilitated through the sale of shares by Pengana Capital Group Limited, a company in which WHSP holds more than 20% voting power, affecting 36,590,575 shares, equivalent to 0.76% of voting rights. This development may impact WHSP’s strategic positioning and influence within AMA Group Limited, potentially altering stakeholder dynamics and market perceptions.
WHSP Holdings Limited has successfully completed the repurchase and cancellation of 100% of its $450 million Senior Unsecured Convertible Notes due 2030. This strategic move, managed by Jefferies (Australia) Pty Ltd, is expected to strengthen the company’s financial position and flexibility, potentially impacting its market standing and providing confidence to its stakeholders.
Washington H. Soul Pattinson and Company Limited, recently renamed from First Services Company Ltd, has released updated information regarding its shareholder distribution. The announcement includes an updated indicative statement of the 20 largest shareholders and a distribution schedule, reflecting changes due to the Topco Equity Raising. This update is significant for stakeholders as it provides insights into the company’s shareholder structure and the impact of recent equity activities.
Washington H. Soul Pattinson and Company Limited is undergoing a significant transition as it prepares for an ASX listing. The information memorandum outlines the adoption of a calendar year, changes in corporate structure, and the scheme consideration involved in the process. This move is expected to have implications for the company’s market positioning and stakeholder interests.
Washington H. Soul Pattinson and Company Limited has announced important dates for its shareholders, including the final dividend record date on 16 October 2024 and payment date on 8 November 2024. The company will also hold its Annual General Meeting on 22 November 2024, with registration starting at 11:00 am AEDT and the meeting commencing at 12:00 pm AEDT.
Washington H. Soul Pattinson and Company Limited has announced the appointment of Bruce Ian MacDiarmid as a director, effective from September 15, 2025. This appointment is part of a strategic move involving a scheme of arrangement with Brickworks Ltd, resulting in the issuance of 5,914 ordinary shares to the Northwood Superannuation Fund as consideration under the combination agreement.
Washington H. Soul Pattinson and Company Limited, recently renamed from First Services Company Ltd, announced the official quotation of its fully paid ordinary shares on the ASX. The company plans a Selective Buy-Back of shares held by Legacy Soul Patts to eliminate cross-shareholding, reducing the total number of shares to approximately 381 million. Additionally, the company will issue performance rights and shares under the Topco Equity Raising, involving commitments from institutional investors and UBS AG, Australia branch, to raise substantial capital.
Washington H. Soul Pattinson and Company Limited has released the rules for its Dividend Reinvestment Plan (DRP), which outlines the terms and conditions for shareholders who wish to reinvest their dividends into additional shares of the company. This initiative is aimed at providing shareholders with a flexible option to increase their investment in the company, potentially enhancing shareholder value and aligning with the company’s long-term growth strategy.
Washington H. Soul Pattinson and Company Limited has released a detailed document outlining the rules and regulations of their Rights Plan. This plan includes various provisions related to the administration, eligibility, granting, and vesting of rights, as well as conditions under which these rights may be exercised or disposed of. The document also addresses scenarios such as termination of employment, change of control, and other actions that may impact the company. This comprehensive plan is designed to provide a structured framework for managing performance and service rights, ensuring alignment with the company’s strategic goals and protecting shareholder interests.
Washington H. Soul Pattinson and Company Limited has issued a new share trading policy applicable to its directors, key management personnel, employees, and their associates. The policy emphasizes the prohibition of trading securities while in possession of non-public, price-sensitive information and outlines the requirement for obtaining approval before trading in securities of entities where the company holds a substantial interest. Compliance is mandatory, and breaches may lead to disciplinary actions, aligning directors’ interests with shareholders by encouraging shareholding.
Washington H. Soul Pattinson and Company Limited reported a significant decrease in revenue from continuing operations by 77% to $629.5 million, and a complete drop in revenue from discontinued operations. However, the company saw a substantial increase in profit after tax attributable to members, rising by 5,438% to $690.7 million. Despite a 9% decrease in regular profit after tax, the company announced an increase in final and interim dividends, reflecting a strong commitment to shareholder returns. The financial results indicate a strategic shift and resilience in operations, despite challenges in revenue generation.
Brickworks Limited, a prominent player in the construction and building materials industry, has reported its financial results for the year ending July 31, 2023. The company experienced a 54% decline in statutory net profit after tax to $395 million, with underlying net profit from continuing operations down 32% to $508 million. Despite these declines, the company declared a final dividend of 42 cents per share, marking a 2% increase. The report highlights a challenging year with reduced profits across various segments, including a 51% drop in EBITDA for Building Products Australia. However, the net tangible assets per share increased by 9% to $19.96, and the share of net assets within Property Trusts rose by $520 million.
Washington H. Soul Pattinson and Co. released its 2024 Annual Report, highlighting its strategic focus on sustainability, health and safety, and community support. The report outlines the company’s performance across various sectors, including property, building products in Australia and North America, and investments. Key insights include the company’s commitment to enhancing its global workforce and maintaining strong corporate governance. The report also details the company’s financial overview and strategic targets, emphasizing its dedication to long-term growth and value creation for stakeholders.
Washington H. Soul Pattinson & Company Limited has released its 2025 Half Year Financial Report, detailing financial and operational performance for the half year ending January 31, 2025. The report highlights the company’s strategy to increase cash generation, grow its portfolio, and manage investment risk, reflecting its commitment to long-term investment success. This approach is expected to enhance the company’s market positioning and provide enduring value to shareholders.
Brickworks Limited reported a significant increase in its financial performance for the half-year ending January 31, 2025, with a statutory net profit after tax of $21 million, up 141%. The company’s underlying EBITDA rose by 472% to $148 million, driven by improved property earnings and strategic cost management. However, the North American division faced challenges due to lower sales volumes and adverse weather conditions, resulting in an EBITDA loss. The company declared an interim dividend of 25 cents, reflecting a 4% increase. These results highlight Brickworks’ resilience in managing market challenges and optimizing its operations.
First Services Company Limited reported a profit of $6,515,335 for the period ending July 31, 2025. The company’s financial results do not yet reflect the potential merger with Washington H. Soul Pattinson and Company Limited and Brickworks Limited, as the merger remains conditional. The company also established a wholly owned subsidiary, Second Services Company Pty Ltd, during this period.
Washington H. Soul Pattinson and Company Limited has disclosed its adherence to the ASX Corporate Governance Principles and Recommendations, with some exceptions noted. The company has implemented a comprehensive corporate governance framework, including a board charter and written agreements with directors and senior executives, to ensure effective management and oversight.
Washington H. Soul Pattinson and Company Limited has released a document outlining the constitution of the company, focusing on the governance structure and operational guidelines. The document details the roles and responsibilities of directors, the appointment and retirement processes, as well as the powers and duties of the board and managing directors. This release is significant as it provides clarity on the company’s internal governance, potentially impacting its operational efficiency and stakeholder confidence.
Washington H. Soul Pattinson and Company Limited has submitted an application to be listed on the Australian Securities Exchange (ASX). This move signifies a strategic step for the company, potentially enhancing its market visibility and providing access to a broader investor base. The listing is expected to impact the company’s operations by increasing its capital market presence and offering new opportunities for growth and investment.
Washington H. Soul Pattinson and Company Limited has applied for admission to the ASX Official List, seeking quotation for over 433 million ordinary securities. This move signifies a strategic step in enhancing the company’s market presence and liquidity, potentially impacting its operations and stakeholder interests positively.
Washington H. Soul Pattinson and Company Limited (SOL) has been admitted to the Official List of the Australian Securities Exchange (ASX) as of 15 September 2025. The company’s securities will begin trading on a deferred settlement basis starting 16 September 2025, with the ASX code SOLDA, before transitioning to a normal trading basis with the code SOL. This admission to the ASX is a significant step for SOL, potentially enhancing its market visibility and providing greater liquidity for its shares, which could have positive implications for stakeholders.
Washington H. Soul Pattinson and Company Limited and Brickworks Limited have announced the legal effectiveness of their respective share schemes following approval by the Supreme Court of New South Wales. The schemes involve the exchange of shares for Topco Shares, with trading on a deferred settlement basis starting on 16 September 2025. This move is expected to streamline operations and potentially enhance shareholder value, marking a significant step in the strategic alignment of both companies.
Washington H. Soul Pattinson and Company Limited, in conjunction with Brickworks Limited, has announced the completion of a merger to form a newly capitalized entity, First Services Company Ltd, which will be renamed back to Washington H. Soul Pattinson and Company Limited. The merger, approved by the Supreme Court of New South Wales, involves a share exchange scheme and will result in both companies becoming subsidiaries of the new entity. Trading of the new company’s securities will commence on the ASX under a deferred settlement basis, with normal trading expected to begin on 24 September 2025. This strategic move is expected to enhance the company’s market presence and operational capabilities.
Washington H. Soul Pattinson and Company Limited has received approval from the Supreme Court of New South Wales for a scheme of arrangement with its shareholders, paving the way for a merger with Brickworks Limited to form a new ASX-listed entity, Topco. The scheme is set to become legally effective on September 15, 2025, with the last trading day for Soul Patts shares on the ASX being the same day. Following this, Topco shares will begin trading on a deferred settlement basis from September 16, 2025, and on a normal settlement basis from September 24, 2025. This merger is expected to enhance the company’s market positioning and provide stakeholders with new opportunities for growth.
Washington H. Soul Pattinson and Company Limited and Brickworks Limited have announced that their shareholders have approved the proposed combination of the two companies through respective share schemes. The resolutions were passed with significant majorities at both companies’ share scheme meetings. The combination remains subject to court approval and other conditions, with the expectation that the new entity, Topco, will commence trading on the ASX shortly after the court’s decision. This strategic move aims to consolidate operations and potentially enhance market positioning for both companies.
Washington H. Soul Pattinson and Company Limited, a diversified investment house, announced details of its General Meeting, including the Chairman’s address and presentation. The meeting, scheduled for 10 September 2025, will be held at The Fullerton Hotel in Sydney, with provisions for shareholders to attend in person or via a livestream. The outcomes of the meeting, particularly the voting results, will be significant for stakeholders as they will be released to the ASX shortly after the meeting concludes.
Washington H. Soul Pattinson and Company Limited (Soul Patts) announced the details of its upcoming SOL Share Scheme Meeting. The meeting, set to take place at The Fullerton Hotel in Sydney, will allow registered shareholders to vote on the scheme, either in person or via proxy. The results of the meeting will be released to the ASX shortly after its conclusion, providing stakeholders with insights into the company’s strategic direction and potential impacts on its investment portfolio.
Washington H. Soul Pattinson & Company Limited is set to acquire Brickworks Limited, leading to Brickworks’ removal from the S&P/ASX 200 Index. This change will take effect before the trading opens on September 16, 2025, with Catalyst Metals Limited taking Brickworks’ place in the index. This acquisition and index adjustment may impact the market positioning of Washington H. Soul Pattinson & Company, potentially affecting stakeholders and market dynamics.