Sale of NZ Arrears Loan Book and Special Dividend

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Stock Solvar Ltd (SVR.ASX)
Release Time 25 Nov 2025, 9:20 a.m.
Price Sensitive Yes
 Solvar Sells NZ Arrears Loan Book, Declares Special Dividend
Key Points
  • Solvar sells NZ arrears loan book for NZ$8.0m, with potential NZ$1.4m uplift
  • Company to pay special, fully franked dividend of 2.5 cents per share
  • Share buyback program will not be renewed, focus shifts to special dividends
Full Summary

Solvar Limited (ASX: SVR), the leading provider of specialist finance, has announced the sale of its New Zealand arrears loan book for NZ$8.0 million, with a potential NZ$1.4 million uplift based on performance over the next 36 months. The sale is an excellent outcome for the Group as they have monetised an asset that had a written-down balance sheet value of zero dollars and have accelerated their exit from the New Zealand market. The Board is pleased to advise that a special, fully franked dividend of 2.5 cents per share will be paid on 29 January 2026 as a result of the sale. The Board is mindful of the company's pool of franking credits and will prioritise the company's capital management strategy to pay special dividends to align with the collection of the remaining New Zealand active loan book. These special dividends will be fully franked and be paid in addition to the fully franked ordinary dividends. With the capital management focus moving to the payment of special dividends, the share buyback program will not be renewed at its conclusion.