Key points
- Shareholders overwhelmingly endorsed the continuation of the company
- Investment portfolio increased by 9.1% for the year
- Full year dividend of 6.0 cents per share, 60% franked
- Net tangible asset backing per share increased by 7.5%
- Company qualified as a base rate entity for tax purposes
Full summary
WAM Alternative Assets Ltd, a listed investment company on the ASX, reported its Annual Report for the year ended 30 June 2026. The company's investment portfolio increased by 9.1% for the year, and 8.9% per annum since the appointment of Wilson Asset Management as Investment Manager in October 2020. The Board declared a final dividend of 3.0 cents per share, partially franked at 60%, with the full year dividend for FY2026 being 6.0 cents per share, partially franked at 60%. The FY2026 full year dividend represents a dividend yield of 6.3% and a grossed-up dividend yield of 7.6% based on the Company's share price at 30 June 2026. The dividend reflects the continued maturation of the investment portfolio and the Board's focus on delivering attractive shareholder returns, while balancing the Company's ongoing investment opportunities and capital requirements. The company's net tangible asset backing (NTA) per share increased by 7.5% for the year, driven by the investment portfolio performance and the receipt of franking credits. The company qualified as a base rate entity for tax purposes, with a corporate tax rate of 25% for FY2026.
Guidance
FY2026 revenue from ordinary activities: $20,034,541, up 68.3%
Outlook
The Board believes WAM Alternative Assets is entering a new phase, with the foundations established over the past five years providing a constructive platform for future growth.