Top Page
WAM Microcap Ltd.
(Sydney:WMI)
WAM Microcap Ltd. (WMI) vs. iShares MSCI Australia ETF (EWA)
WAM Microcap Ltd. Business Overview & Revenue Model
WAM Microcap Ltd. Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 57.37M | 69.36M | 50.38M | 43.23M | -49.95M | 119.44M |
| Gross Profit | 47.58M | 60.42M | 40.59M | 35.99M | -54.13M | 107.55M |
| EBITDA | 46.92M | 59.71M | 46.92M | 35.36M | -53.88M | 107.01M |
| Net Income | 34.21M | 43.58M | 34.21M | 26.32M | -36.10M | 76.10M |
Balance Sheet | ||||||
| Total Assets | 400.27M | 411.54M | 400.27M | 287.99M | 273.05M | 371.29M |
| Cash, Cash Equivalents and Short-Term Investments | 60.12M | 410.41M | 60.12M | 35.97M | 49.60M | 65.65M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 23.12M | 16.67M | 23.12M | 12.18M | 4.84M | 43.65M |
| Stockholders Equity | 377.15M | 394.87M | 377.15M | 275.82M | 268.21M | 327.63M |
Cash Flow | ||||||
| Free Cash Flow | -43.01M | 13.80M | -43.01M | 4.35M | 16.05M | -63.82M |
| Operating Cash Flow | -43.01M | 13.80M | -43.01M | 4.35M | 16.05M | -63.82M |
| Investing Cash Flow | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Financing Cash Flow | 66.84M | -25.87M | 66.84M | -18.71M | -23.33M | 70.06M |
WAM Microcap Ltd. Technical Analysis
WAM Microcap Ltd. Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | AU$75.78M | 10.62 | 32.22% | 6.39% | 22.67% | 19.47% | |
69 Neutral | ― | 10.84 | 11.29% | 6.58% | 20.90% | 2.75% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
62 Neutral | AU$23.92M | 9.68 | 13.13% | ― | 101.80% | 355.88% | |
61 Neutral | AU$66.42M | 21.88 | 3.57% | 6.89% | 30.36% | -31.47% | |
55 Neutral | AU$26.98M | 53.13 | 2.17% | 2.94% | 38.32% | ― | |
53 Neutral | AU$30.12M | 53.68 | 2.42% | 2.03% | 18.17% | ― |
WAM Microcap Ltd. Corporate Events
WAM Microcap reported net tangible assets of 149.64 cents per share after tax at 31 December 2025 and a portfolio size of $419.8 million, with its investment portfolio delivering 16.7% per annum since inception, significantly outperforming the S&P/ASX Small Ordinaries Accumulation Index. The company highlighted a fully franked full-year dividend of 10.6 cents per share, translating to a 6.6% fully franked and 9.4% grossed-up dividend yield based on its year-end share price, supported by a profits reserve of 55.4 cents per share and cumulative dividends of 75.35 cents per share, or 107.6 cents including franking credits. While the portfolio declined in December, performance was buoyed by medical technology holding Artrya after it secured a second US commercial customer for its AI-based coronary artery disease platform, whereas services group Tasmea detracted despite announcing an accretive acquisition of workforce solutions provider WorkPac Group, which WAM Microcap believes strategically positions it to benefit from tightening labour markets and infrastructure activity ahead of the Brisbane Olympics.
The most recent analyst rating on (AU:WMI) stock is a Hold with a A$2.00 price target. To see the full list of analyst forecasts on WAM Microcap Ltd. stock, see the AU:WMI Stock Forecast page.
Gentrack Group Limited (ASX: GTK) is named in the filing; the release does not include details about the company’s industry, products or market focus.
The announcement records that Wilson Asset Management Group ceased to be a substantial shareholder in Gentrack effective 3 September 2025, and documents changes in relevant interests and associations alongside dates of prior notices and signatures recorded later in the year. The change reduces a named institutional investor’s voting influence in the company and could alter shareholder composition, with potential implications for governance dynamics, market perception and stakeholder attention to subsequent ownership disclosures.
WAM Microcap Limited reported a decrease in its investment portfolio for November 2025, with a notable performance contribution from Stealth Group Holdings and a detractor effect from EML Payments. Stealth Group Holdings, a diversified distribution company, saw a significant share price increase following its acquisition of Hardware & Building Traders, which expanded its distribution network and increased purchasing volume. Conversely, EML Payments experienced a share price decline due to weaker-than-expected operating trends and a drop in EBITDA, despite maintaining its full-year guidance. These developments highlight the dynamic nature of WAM Microcap’s portfolio and its exposure to varying market conditions.
WAM Microcap Limited held its 2025 Annual General Meeting, where shareholders voted on various resolutions. The outcomes of these resolutions, as well as the proxies received, are detailed in the company’s report. This meeting is part of WAM Microcap’s ongoing efforts to engage with its stakeholders and ensure transparency in its operations, which is crucial for maintaining investor confidence and supporting its market position.
WAM Microcap Limited has announced a strong investment performance, with its portfolio outperforming the S&P/ASX Small Ordinaries Accumulation Index. Key contributors to this success include GenusPlus Group, which secured significant contracts, and Cedar Woods Properties, which reported strong quarterly results and upgraded profit guidance. These developments highlight the company’s strategic positioning and potential for continued growth, benefiting stakeholders through increased revenue visibility and market opportunities.
WAM Microcap Ltd. has announced a change in the director’s interest notice, specifically for Director Kate Thorley. The change involves the acquisition of 500 ordinary shares through a dividend reinvestment plan, increasing her direct holdings to 16,252 shares. This update reflects the company’s ongoing shareholder engagement and governance practices, with no significant impact on its operations or market positioning.
WAM Microcap Ltd. announced the application for the quotation of 1,000,622 ordinary fully paid securities on the ASX, issued under a dividend or distribution plan. This move is expected to enhance the company’s market presence and provide additional liquidity, potentially benefiting shareholders by increasing the value and accessibility of their investments.
WAM Microcap Ltd. has announced an update regarding its dividend distribution, specifically adjusting the Dividend Reinvestment Plan (DRP) price. This update pertains to the dividend for the six-month period ending June 30, 2025, with the record date set for October 17, 2025. This adjustment may impact stakeholders’ decisions regarding dividend reinvestment and reflects the company’s ongoing commitment to providing value to its investors.
WAM Microcap Limited has announced its 2025 Annual General Meeting (AGM) scheduled for November 19, 2025, at the Museum of Sydney. The AGM will cover the financial statements and reports for the year ending June 30, 2025, and include resolutions on the adoption of the Remuneration Report and the re-election of Director Kate Thorley. The meeting will be accessible both in-person and online, allowing shareholders to participate virtually.