WCM Global Growth (WQG) H2 2025 earnings summary

Executive summary

• Net operating profit after tax for FY2025 was $69.5m, up 53% year-over-year, driven by strong investment portfolio performance and outperformance of the benchmark index.

• Portfolio return for FY2025 was 31.00%, outperforming the MSCI All-Country World Index (ex-Australia) by 12.41%.

• Total assets increased to $462m as at 30 June 2025, up 50% from the prior year, with shareholder numbers rising 26% to approximately 4,975.

Financial highlights

• Revenue from ordinary activities rose 54.6% to $107.8m compared to the prior year.

• Net profit after tax attributable to members increased 53.3% to $69.5m year-over-year.

• Basic and diluted EPS were 33.5cps, up from 25.1cps in FY2024.

• Net tangible asset (NTA) per share before tax rose to $2.025 (from $1.744), and after tax to $1.797 (from $1.566).

• Total investment gains were $105.2m; securities income and interest earned were $2.6m.

• Expenses from ordinary activities were $8.95m.

Outlook and guidance

• Board intends to pay increased quarterly dividends in FY2026, with the next four quarters expected at 2.09cps, 2.16cps, 2.21cps, and 2.24cps, all fully franked.

• Portfolio remains well positioned for continued long-term growth, supported by a sound investment approach.