PIA Appendix 4E and Annual Report 30 June 2026

Key points

• Net profit after tax at $6.0 million, down from $33.8 million in FY25
• Total Shareholder Return (TSR) of 12.9%, up to 14.4% with franking credits
• Special dividend of 12.5 cents per share declared and paid
• Portfolio focused on high-quality, growth-oriented businesses
• Strategic review initiated, leading to extra-ordinary expenses

Full summary

Pengana International Equities Ltd reported a net profit after tax of $6.0 million for the financial year ended 30 June 2026, significantly down from $33.8 million in the previous year. The Total Shareholder Return (TSR) was 12.9%, increasing to 14.4% when including franking credits. The company declared and paid a special dividend of 12.5 cents per share. The portfolio remains focused on high-quality, growth-oriented businesses. The company incurred extra-ordinary expenses related to strategic reviews and capital management initiatives. The Board aims to enhance shareholder value and provide stable fully franked dividends, despite the volatility in investment markets.

Outlook

The company aims to generate long-term consistent returns, reduce volatility, and maintain a stable dividend stream. The portfolio remains unhedged but may use forward foreign exchange contracts for risk management.