1H25 Appendix 4D and Financial Report
Stock | Washington H Soul Pattinson & Company Ltd (SOL.ASX) |
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Release Time | 20 Mar 2025, 8:15 a.m. |
Price Sensitive | Yes |
Soul Patts reports strong 1H25 results
- Statutory NPAT up 8.1% to $326.9m
- Regular NPAT up 18.0% to $284.8m
- Net Cash Flow From Investments up 8.2% to $289.5m
Washington H. Soul Pattinson & Company Ltd, the parent entity referred to as 'Soul Patts', reported strong financial results for the first half of fiscal year 2025 (1H25). The company's Statutory Net Profit After Tax (NPAT) increased by 8.1% to $326.9 million, while Regular NPAT, which excludes non-regular items, grew by 18.0% to $284.8 million. Net Cash Flow From Investments, a key performance indicator, increased by 8.2% to $289.5 million. The company's Net Asset Value (pre-tax) grew to $12.1 billion, up 2.6% from the end of fiscal year 2024. Soul Patts declared a 1H25 ordinary dividend of 44 cents per share, 10% higher than the prior corresponding period, marking the company's 25th consecutive year of increasing dividends. The company's investment portfolios, including Strategic, Large Caps, Private Equity, Credit, Emerging Companies, and Property, all contributed to the strong performance, with the Private Equity and Credit portfolios seeing significant growth in net cash flow. Soul Patts remains well-positioned to navigate current market uncertainty with its strong liquidity position and low gearing, allowing the company to continue seeking opportunities for long-term value creation.
Soul Patts did not provide any high-importance, price-sensitive forward-looking financial metrics in the announcement.
Soul Patts is well positioned to navigate current market uncertainty with its strong liquidity position and low gearing, allowing the company to continue seeking opportunities for long-term value creation.