1H26 ASX Results Release
| Stock | Washington H Soul Pattinson & Company Ltd (SOL.ASX) |
|---|---|
| Release Time | 26 Mar 2026, 8:53 a.m. |
| Price Sensitive | Yes |
Soul Patts delivers strong cash generation and NAV growth
- Net Cash Flow From Investments up 15.4% to $334 million
- Pre-tax Net Asset Value grew 14.6% to $13.8 billion
- Interim dividend up 9.1% to 48 cents per share
Washington H. Soul Pattinson and Company Limited (Soul Patts) (ASX:SOL) announced its financial results for the half year ended 31 January 2026 (1H26). The company's Net Cash Flow From Investments (NCFI) increased 15.4% to $334 million, driven by strong trading gains and reflecting the portfolio's capacity to generate and sustain solid cash flows. The pre-tax Net Asset Value (NAV) grew to $13.8 billion, delivering a return of 9.7% for the period and outperforming the ASX200 Total Return index by 6.6%. Performance was broad-based across the asset classes, with Emerging Companies the standout at a 36.7% total return. The company recorded $4.3 billion in portfolio turnover, the highest ever in a six-month period, demonstrating its capacity to act decisively and regenerate the portfolio. The period closed with $472 million in available cash, providing significant flexibility and liquidity to pursue new opportunities and support continued cashflow growth. The Board has determined a 1H26 ordinary dividend of 48 cents per share, 9.1% higher than the prior corresponding period, marking 2026 as the company's 28th consecutive year of increasing dividends. Since 2001, Soul Patts has delivered a Total Shareholder Return (TSR) of 12.9%, outperforming the ASX200 Total Return index by 4.6%.
The breadth and resilience of Soul Patts' multi-asset portfolio ensures the company is well positioned to navigate market volatility and protect shareholder capital. The strong balance sheet and ample liquidity mean the company has increased capacity to act on new investment opportunities, with the flexibility to deploy capital selectively in a rapidly changing macroeconomic environment. With a constant focus on risk management, cash generation, and diversification, Soul Patts is committed to delivering long-term value creation for shareholders.