• Net assets increased to $2.42 billion as at 31 Dec 2024
• Pre-tax profit of $544.9 million and net profit after tax of $381.5 million
• Interim dividend of 8.0 cents per share, fully franked

MFF Capital Investments Limited ('MFF') reported a significant improvement in its financial position for the half year ended 31 December 2024. The Company's net assets increased to $2,423,647,000 as at 31 December 2024, up from $2,071,040,000 as at 30 June 2024. MFF recorded a pre-tax profit of $544,935,000 (December 2023: $208,536,000) and a net profit after income tax of $381,463,000 (December 2023: $145,970,000) for the period. Basic earnings per share were 65.72 cents (December 2023: 25.24 cents). The results primarily reflect movements in the market prices of the Company's investment portfolio, which MFF 'marks to market'. The tax allowance is at the full 30% tax rate on both unrealised and realised market price movements. As at 31 December 2024, MFF's pre-tax net tangible assets ('NTA') were $5.083 per ordinary share (before net tax liabilities of $0.922 per share), compared to $4.284 per share (before net tax liabilities of $0.710 per share) as at 30 June 2024. The Company's post-tax NTA was $4.161 per share as at 31 December 2024, up from $3.574 per share as at 30 June 2024. On 30 January 2025, the Directors declared a fully franked interim dividend of 8.0 cents per ordinary share for the period ended 31 December 2024, which will be paid on 14 May 2025. The Dividend Reinvestment Plan and Bonus Share Plan will operate in conjunction with this dividend at zero discount.

The Company recorded a pre-tax profit of $544,935,000 and a net profit after income tax of $381,463,000 for the half year ended 31 December 2024.