• Net Cash Flow From Investments up 8.2% vs pcp on a per share basis
• Net Asset Value (pre-tax) up 4.7% vs pcp to $12.1 billion
• Diversified portfolio with 28% in private markets, providing stability and resilience

Washington H. Soul Pattinson & Company Ltd (Soul Patts) reported its 1H25 results, highlighting strong cash generation and portfolio growth. Net Cash Flow From Investments increased by 8.2% on a per share basis compared to the prior corresponding period (pcp), driven by higher allocations to Credit and Private Equity. Net Asset Value (pre-tax) grew 4.7% vs pcp to $12.1 billion, with the company's diversified portfolio now having 28% exposure to private markets. Soul Patts' strategic investments, large-cap equities, private equity, emerging companies, and credit portfolios all contributed to the overall performance. The company's long-term commitment to building value and managing investment risk has underpinned its ability to deliver sustainable dividend growth and outperform the market over the long term. Soul Patts remains well-positioned with strong liquidity and cash available to fund future opportunities, a defensive portfolio providing stability, and an increasing allocation to offshore markets for diversification. The company is targeting private market opportunities offering compelling risk-adjusted returns and aims to enhance returns through growth in private equity investments and its credit book.

Soul Patts reported Statutory NPAT of $326.9 million in 1H25, an 8.1% increase compared to the prior corresponding period. Regular NPAT, which excludes non-recurring items, increased by 18.0% to $284.8 million, driven by improved performance across the company's diversified portfolio.

Soul Patts is well-positioned to continue delivering strong performance, with a focus on increasing cash generation, growing the portfolio, and managing investment risk to underpin dividend growth and outperform the market over the long term. The company's diversified and defensive portfolio, with a growing allocation to private markets, provides stability and resilience, while the company's strong liquidity and cash position enable it to fund future opportunities.