Australia · Delayed Price · Currency is AUD Pacific Current Group Earnings Call Transcripts
Fiscal Year 2026
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Underlying NPAT fell to AUD 6.7 million due to lower distributions and interest income, but fair value NAV per share rose 14% year-over-year to AUD 16.34. Capital management included increased dividends, share buybacks, and a debt-free balance sheet.
Fiscal Year 2025
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The meeting highlighted strong statutory profits, a major share buyback, and a 13% dividend increase. Leadership transitions and strategic asset sales were completed, with a focus on cost control and capital efficiency for the coming year.
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Significant asset disposals and a major share buyback drove a leaner, more efficient structure, with statutory net profit and management fees down year-over-year but dividends per share up 13%. Focus shifts to growth, cost control, and capital optimization.
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Statutory net profit surged to over AUD 100 million due to asset sales and fair value gains, while underlying profit and management fee revenue declined following significant portfolio realizations. A major share buyback and cost reductions are underway, with future capital deployment dependent on buyback outcomes.
Fiscal Year 2024
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The meeting highlighted a transformational year with major asset sales, strong profit growth, and a planned AUD 300 million share buyback. Board changes, governance measures, and cost reductions were discussed, with shareholders approving key resolutions and receiving detailed responses to governance and valuation questions.
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FY 2024 saw strong profit growth, major asset sales above fair value, and a shift to externalized investment management, resulting in a large cash position and plans for a significant buyback. FY 2025 will reflect a leaner cost base and focus on capital returns, growth, and debt reduction.