• Profit for the half-year decreased by 3.2% to $121.2 million
• Interim dividend of 17.0 cents per share, up from 16.5 cents
• Net tangible asset backing per share increased to $10.01

Argo Investments Ltd reported a 3.2% decrease in profit for the half-year ended 31 December 2024 to $121.2 million, with earnings per share decreasing 3.6% to 15.9 cents. While dividends and distributions increased, the decrease in profit was due to reduced trading and other income. The company declared a fully franked interim dividend of 17.0 cents per share, compared with 16.5 cents per share paid for the half-year to 31 December 2023. This dividend totals $129.8 million, compared with $125.2 million in the previous corresponding period, and will be paid on 14 March 2025. Net tangible asset backing per Argo share was $10.01 as at 31 December 2024, compared with $9.61 as at 30 June 2024 and $9.33 as at 31 December 2023. During the half-year, $25.1 million of additional capital was raised for investment from the Dividend Reinvestment Plan and Dividend Substitution Share Plan, offset by the on-market buy back of $7.5m of Company shares.

The company declared an interim dividend of 17.0 cents per share for the half-year ended 31 December 2024.