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MFF Capital Investments (MFF) investor relations material

MFF Capital Investments 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 summary14 Aug, 2025

Executive summary

  • Net assets grew from AUD 412 million in 2013 to AUD 2.4 billion at June 30, 2025, with a market capitalisation of AUD 2.6 billion, reflecting a disciplined, long-term investment approach.

  • Full-year dividends increased by 12.5% to AUD 0.17 per share, fully franked, with strong reserves and AUD 201 million in franking credits to support future payments.

  • Portfolio consists of AUD 2.7 billion invested across 24 global businesses, plus AUD 200 million in cash and AUD 700 million in available debt capacity.

  • Acquisition of Montaka Global Investments and transition of core operations in-house signal a strategic shift to strengthen internal capabilities and succession planning.

  • Focus remains on long-term ownership of advantaged businesses and compounding shareholder capital.

Financial highlights

  • Net profit after tax for FY25 was AUD 432 million, compared to AUD 447.4 million in FY24, with returns above 20% per annum over the last three years.

  • Total assets increased to AUD 2.95 billion as of June 30, 2025, up from AUD 2.65 billion a year earlier.

  • Cash and equivalents rose to AUD 199.5 million from AUD 89 million, with a shift from net debt to over AUD 300 million net cash.

  • Investments totaled AUD 2.74 billion, now exceeding AUD 3 billion including cash.

  • Dividend and interest income reached AUD 45.7 million, with interest expense at AUD 6.6 million.

Outlook and guidance

  • Emphasis on stable and growing fully franked dividends, supported by significant franking credits and profit reserves.

  • Focus remains on adaptation, talent development, and leveraging analytical discipline for future value creation.

  • Flexible capital allocation and disciplined, long-term investment approach to continue.

  • Montaka is expected to scale over time, with emphasis on building research and operational excellence before growth.

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Frequently asked questions

MFF Capital Investments Limited is an Australian investment management company that focuses on long-term capital appreciation through a portfolio of international equities. The company primarily invests in listed global businesses across various sectors, aiming to generate sustainable returns for its shareholders. MFF Capital’s investment strategy emphasizes value-based selection, targeting companies with robust financial positions and competitive market advantages. The portfolio is diversified across industries, including consumer goods, financials, and technology, among others, to manage risk and capitalize on global market opportunities. The company is headquartered in Sydney, Australia, and its shares are listed on the ASX.

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