Key points
- FY26 profit down 21% to $0.193m
- Net tangible assets per share increased to 9.46 cents
- Share buyback program repurchased 1.796m shares
- Focus on value-focused investments and capital protection
- No dividends declared for the financial year
Full summary
Underwood Capital Ltd (UWC) has released its preliminary final report for the year ended 30 June 2026. The company reported a profit of $0.193m, down 21% from the prior year's $0.243m. The main driver of financial performance was the positive change in market value of investments in listed Australian securities. Net tangible assets per share increased from 9.3 cents to 9.46 cents. UWC conducted a share buyback program, repurchasing 1.796m shares for $0.09m. The company aims to maximize the value of its existing investments and maintain a value-focused investment approach.
Guidance
FY26 profit: $0.193m (down 21% from FY25)
Outlook
UWC plans to continue its value-focused investment approach and maintain a strong capital position. The company aims to significantly outperform global equity markets over rolling 5-year periods.