Australia · Delayed Price · Currency is AUD Plato Income Maximiser Earnings Call Transcripts
Fiscal Year 2026
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Profit for the half was AUD 28.4 million, with a 4.8% portfolio return and dividends 1.2% above market yield. Resource sector dividends are rebounding, but future PLA dividend increases depend on sustained market growth and franking credit reserves.
Fiscal Year 2025
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The meeting reviewed strong asset growth, stable monthly dividends, and robust long-term returns despite declining market yields. Board elections and standard resolutions passed smoothly, with ongoing focus on Australian equities and no major strategic shifts planned.
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FY2025 saw strong investment returns, outperformance of the benchmark, and continued monthly fully franked dividends, with the share price trading at a premium to NTA. Dividend outlook remains cautiously optimistic, supported by interest rate cuts and stable earnings growth.
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Portfolio returned 7% over six months, with a 3.8% dividend yield and strong outperformance in income versus the market. Key sectors like insurance and consumer staples delivered robust results, while miners and some energy stocks faced dividend cuts. Shares trade at a 10% premium to NTA.
Fiscal Year 2024
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The meeting reviewed strong fund growth, stable monthly fully franked dividends, and consistent outperformance since inception. Directors were re-elected with broad support, and management addressed market challenges, sector risks, and future dividend prospects.
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Portfolio matched the market with a 13.6% total return and maintained a 7.8% yield, outperforming the benchmark on income. Dividend outlook is stable, with strong insurer and gold stock performance offsetting resource sector cuts.