Ryder Capital (RYD) H2 2026 earnings summary

Executive summary

• Achieved record total comprehensive income after tax of $31.80m for FY26, up 45.79% year-over-year.

• Pre-tax NTA per share rose to $1.9805 from $1.6272, net of $0.115 fully franked dividends per share paid.

• Gross portfolio performance for FY26 was 37.59%, significantly outperforming the ASX Small Ordinaries Accumulation Index at 8.11%.

Financial highlights

• Total shareholder return reached 41.92% for the year.

• Pre-tax NTA return was 33.53% for FY26.

• Annualised dividend rate set at 12 cents per share, fully franked.

• Portfolio performance contributed $0.6115 per share to NTA growth.

Outlook and guidance

• Equity market outlook remains uncertain due to inflation, geopolitical risks, and AI impacts.

• Domestic market confidence is challenged by weak political leadership and monetary tightening.

• Portfolio expected to deliver another strong year, with core holdings trading below intrinsic value.

• Cash weighting at 6.89% as of June 30, expected to increase as overweight holdings are realised.