Appendix 4D
| Stock | Challenger Ltd (CGF.ASX) |
|---|---|
| Release Time | 18 Feb 2025, 7:34 a.m. |
| Price Sensitive | Yes |
Challenger Ltd Reports Interim Financial Results
- Statutory net profit after tax up 28.2% to $72.2 million
- Normalised net profit after tax up 12.2% to $225.2 million
- Interim dividend of 14.5 cents per share, up 11.5%
Challenger Ltd has released its Appendix 4D for the six months ended 31 December 2024. The company reported a 4.4% increase in revenue from ordinary activities to $1,569.3 million, and a 27.6% rise in profit from ordinary activities after tax to $71.6 million. Statutory net profit after tax attributable to the shareholders of Challenger, which includes investment experience and significant items, was $72.2 million, up 28.2% from the prior comparative period. Normalised net profit after tax, management's preferred measure of profit, increased by 12.2% to $225.2 million. The company has announced an interim dividend of 14.5 cents per share, up 11.5% from the prior comparative period. The Challenger Limited Board will continue the Dividend Reinvestment Plan (DRP), with new shares to be issued to fulfil DRP requirements at no discount to the prevailing Challenger share price.