Future Generation Australia
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Future Generation Australia (FGX) investor relations material

Future Generation Australia H2 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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H2 2025 earnings summary12 Mar, 2026

Executive summary

  • Portfolio delivered a 14.1% return in FY2025, outperforming the All Ordinaries' 10.1% return year-over-year.

  • Dividend yield was 5.3% on share price, grossing up to mid-7% with franking credits.

  • Share price trades at an 8-9% discount to NTA, with efforts ongoing to close this gap.

  • Over AUD 5.7 million donated to youth-focused charities in 2025, with cumulative donations nearing AUD 50 million.

Financial highlights

  • Portfolio outperformed the market by 4 percentage points, driven by strong small and mid-cap performance.

  • Fee and expense savings totaled AUD 11.4 million in 2025, enabling significant charitable donations.

  • Since inception, annualized return is 9.8%, about 1% above the index, with 17% lower volatility.

Outlook and guidance

  • Portfolio positioned defensively with 25% cash amid market uncertainty and potential rate hikes.

  • Expectation for interest rate cycle to level out and potential for US rate cuts in the second half of the year.

  • Ongoing focus on diversification and risk management to navigate macroeconomic and geopolitical risks.

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AGM 202620 May, 2026
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