Future Generation Australia (FGX) investor relations material

Executive summary

• Achieved a total shareholder return of 20.1% for the 12 months to 30 June 2026, including franking credits, with shares trading at a premium to NTA.

• Announced a fully franked interim dividend of 3.8 cents per share, annualised to 7.6 cents, with an annualised yield of 5.5%–5.6% and a track record of increasing dividends for eleven consecutive years.

• Maintains a strong profit reserve, supporting dividend sustainability for at least 5.5 years.

• The investment model leverages top boutique fund managers working pro bono, enabling significant charitable donations without impacting shareholder returns.

• Cumulative donations to social impact partners have reached $54.9 million, with $5.9 million donated this year.

Financial highlights

• Portfolio outperformed benchmarks over one year, three years, and since inception, with a 9.1% annualised return since inception.

• Portfolio volatility since inception is 10.7%–11.6%, lower than the S&P/ASX All Ordinaries Accumulation Index.

• Fee savings from pro bono managers have totaled up to $175 million, benefiting both shareholders and charities.

• Net tangible asset (NTA) per share before tax was $1.32 at 30 June 2026.

• Dividend paid during the period totaled $14.8 million.

Outlook and guidance

• Board remains confident in the sustainability of the dividend model, supported by accumulated profits reserve and franking credits.

• Portfolio remains diversified by strategy and style, with a bias toward small and mid-cap companies and a defensive positioning.

• Managers remain cautious on banks and have reduced exposure to miners, seeking opportunities in healthcare and tech sectors.

• The Board is open to controlled capital growth to increase impact, with no immediate capital raising announced.