Key points
- Profit after tax up 47% to $9.33 million
- Paid two fully franked dividends totalling 7.3 cents per share
- Net asset value per share decreased to $1.25 due to dividends
Full summary
Duxton Water Ltd has reported a strong financial performance for the year ended 31 December 2024, with profit after tax increasing by 47% to $9.33 million. The company's revenue from ordinary activities also increased by 5% to $10.042 million. During the year, Duxton Water paid two fully franked dividends totalling 7.3 cents per share to shareholders. The net asset value per share decreased from $1.26 at 31 December 2023 to $1.25 at 31 December 2024, predominantly due to the dividends paid. The company's net asset value from a fair market value perspective was $1.536 per share at 31 December 2024, down from $1.621 at the end of the previous year. Duxton Water is carrying $57.68 million (or $0.37 per share) of unrealised gains on its permanent water portfolio, which is excluded from the statutory financial statements due to the application of Australian Accounting Standards.
Guidance
The company has not provided any high-importance, price-sensitive forward-looking financial metrics or guidance.