Australian United Investment Company (AUI) investor relations material

Executive summary

• Reported profit after tax of $220.4 million for FY2026, with underlying profit after tax of $59.3 million excluding special income and merger-related items.

• Successfully completed a merger, resulting in a larger, more diversified investment portfolio valued at $3.1 billion as of 30 June 2026.

• Maintained or increased fully franked dividends for over 30 years, with FY2026 total dividends at 45 cents per share, including a special dividend.

Financial highlights

• Pre-tax NTA accumulation performance rose 9.5%, outperforming the S&P/ASX 200 Accumulation Index's 6.1% for the year.

• Post-tax NTA grew 12.5% year-over-year; pre-tax NTA grew 5.9%.

• Management expense ratio was 0.09%, or 0.10% including international fund fees.

Outlook and guidance

• Expectation of steady underlying earnings for the coming year, but a likely modest reduction in income per share due to non-recurring items in FY2026.

• Plan to maintain annual franked dividend of 37 cents per share and special franked dividend of 8 cents per share for the next three years, barring unforeseen circumstances.

• Cautious outlook due to high valuations, low productivity, persistent inflation, and geopolitical risks.