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Rivco Australia (RIV) investor relations material
Rivco Australia Q4 2025 TU earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Completed internalisation and rebranded as Rivco Australia Limited, transitioning to a fully internalised business model.
Moved to new office premises in Unley, South Australia, finalising the transition.
Southern Basin dam storages declined to lowest December levels since 2020, impacting water availability.
Lower Murray spot prices rose 27% during the quarter, with further increases in early January 2026.
Financial highlights
Pre-tax NAV per share at $1.77 and post-tax NAV at $1.59 as of 31 December 2025.
Market cap at $229 million; 158.8 million shares and 38.2 million options on issue.
Gross dividend yield of 7.4% (cash yield 5.2% for non-residents), with 3.72 cps fully franked dividend paid in October 2025.
NAV performance (pre-tax) for 12 months: +13.8%; share price performance for 12 months: +15.4%.
Net cash used in operating activities for the quarter: $(3.8) million; cash and equivalents at period end: $2.5 million.
Outlook and guidance
High security asset yields expected to remain strong, with market pricing for 2026 reflecting 5-7% p.a. cash yields.
Ongoing discussions for new water security products and lease agreements for the next season.
Government buyback programs expected to recover up to 230 GL of entitlements in 2026, potentially impacting supply.
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