Washington H. Soul Pattinson (SOL) H2 2025 earnings summary

Executive summary

• Completed merger with Brickworks Limited, effective 23 September 2025, creating a diversified investment group.

• FY25 results reflect standalone performance prior to merger; merged group results will be reported in March 2026.

Financial highlights

• Revenue from continuing operations increased 15% year-over-year to $954.6 million for FY25.

• Profit After Tax attributable to members decreased 27% year-over-year to $364.2 million.

• Regular Profit After Tax attributable to members rose 1% year-over-year to $491.0 million.

• Final dividend of 59.0 cents per share (fully franked), up from 55.0 cents last year; interim dividend of 44.0 cents per share.

• Net Tangible Asset backing per ordinary security increased to $27.90 from $27.22 year-over-year.

Significant events and developments

• Merger with Brickworks Limited completed, with new holding company structure and board changes.

• Dividend Reinvestment Plan suspended from 2 June 2025 as part of merger arrangements.

• WHSP Holdings Limited applied to become a private company post-merger.