• Increased fully franked full year dividend to 13.2 cents per share
• Reported operating loss before tax of $50.3 million for FY2026
• Investment portfolio underperformed benchmark due to AI-driven market divergence

WAM Global Limited (ASX: WGB) has announced an increased fully franked full year dividend of 13.2 cents per share, up from 12.4 cents per share in the previous year. The company reported an operating loss before tax of $50.3 million for the twelve months to 30 June 2026, compared to an operating profit before tax of $147.6 million in the prior year. The investment portfolio declined 4.2% over the period, while the MSCI World Index (AUD) rose 14.8%. The company attributed the underperformance to the concentration of returns in AI-related companies, which were not sufficient to match the benchmark returns. The Board declared a final dividend of 6.6 cents per share, fully franked, providing a grossed-up dividend yield of 8.6%.

Fully franked full year dividend of 13.2 cents per share, operating loss before tax of $50.3 million

WAM Global remains committed to its investment process, focusing on high-quality beneficiaries across infrastructure, hardware, power, semiconductors and semiconductor design software, while remaining wary of speculative businesses.