Logotype for Australian Foundation Investment Company Limited

Australian Foundation (AFI) investor relations material

Australian Foundation AGM 2025 summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Logotype for Australian Foundation Investment Company Limited
AGM 2025 summary30 Sep, 2025

Opening remarks and agenda

  • The Chair opened the meeting, introduced the board, executive team, and auditors, and outlined the hybrid format and agenda, which included investment objectives, financial results, market and portfolio review, and outlook presentations by key executives.

  • Shareholders were briefed on how to submit questions and vote, both online and in-person, with voting opened on all items of business.

Financial performance review

  • Portfolio return for the year was 7.4%, underperforming the ASX 200's 16% and the S&P/ASX 200 Accumulation Index at 15.1%, with underperformance attributed to sector allocation and specific stock challenges.

  • Profit for the year was AUD 285 million, down from AUD 296.4 million the previous year, with dividend income down 3% and costs rising, resulting in a management expense ratio (MER) of 0.16%.

  • Fully franked dividends totaled AUD 0.315 per share (14.5¢ final, 5.0¢ special), with a gross yield of 4.7%.

  • Share price at $7.33 was below NTA of $8.34 as of 31 August 2025.

Dividend announcements

  • A special fully franked dividend of AUD 0.05 per share was paid, sourced from realized gains, and the ordinary dividend was increased, maintaining a stable to growing dividend policy over the past seven years.

  • The company maintains a significant franking credit reserve, sufficient to pay just under AUD 0.55 per share of franked dividend.

  • Dividend was increased in FY25 despite lower aggregate dividends from ASX 200 companies.

Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.

Next Australian Foundation earnings date

Logotype for Australian Foundation Investment Company Limited
H1 202621 Jan, 2026
Your earnings 
season toolkit.
Download
Free on both iOS & Android.

Next Australian Foundation earnings date

Logotype for Australian Foundation Investment Company Limited
H1 202621 Jan, 2026

The essential earnings season companion

The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

Live calls and transcripts

Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.

Find what you need faster

Search for any keyword across all transcripts simultaneously.

Easily store key findings

Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Your watchlist. Your dashboard.

Follow the companies that matter to you. Get a personalized feed with real-time updates.

Be the first to know

Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.

Consensus estimates

Access analyst consensus estimates, valuation multiples, and revenue segments splits.

All IR material in one place

The easiest way to stay updated during earnings season.

Global coverage

All events from public companies. Live and recorded.

Just click and listen

No webcast links. No manual registrations.

Research anytime, anywhere

Built for professionals. Loved by everyone. Try our free mobile app.

excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com

Frequently asked questions

Australian Foundation Investment Company Limited (AFIC) is an Australian investment company focused on managing a diversified portfolio of Australian equities. AFIC invests across a range of sectors, including financials, resources, healthcare, and consumer goods, aiming to provide long-term capital growth and consistent dividend income for its shareholders. The company follows a conservative investment approach, selecting high-quality companies with sustainable business models and strong management teams. AFIC is structured as a listed investment company (LIC), allowing individual investors to gain exposure to a diversified portfolio of Australian stocks. The company is headquartered in Melbourne, Victoria, and its shares are listed on the Australian Securities Exchange.

Quartr provides global coverage of all investor relation material from public companies.

  • Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

  • Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.

  • Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.

Yes, the Quartr mobile app is free on both iOS and Android.

Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.

Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.

Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.

Explore our global coverage