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Staude Capital Global Value Fund (GVF) investor relations material
Staude Capital Global Value Fund H2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Operating profit before tax reached $17.5M and after tax $12.8M for FY2026.
Adjusted pre-tax NTA increased by 7% year-over-year, net of all fees and expenses.
Shareholder total returns, including dividends and franking credits, were 4.4% for the period.
Shares traded at a 1.9% premium to pre-tax NTA at year-end.
Financial highlights
Discount capture strategy generated a 7.7% gross return over the year.
Fully franked final dividend of 3.3 cents per share declared for FY2026.
Since IPO, total grossed up dividends declared are approximately $1.01 per share.
Outlook and guidance
Board anticipates both interim and final dividends for FY2027 will be 3.3 cents per share, fully franked.
Dividend payments for FY2027 remain subject to profit reserves and prudent business practices.
Portfolio remains underweight in AI stocks, focusing on diversified global assets at discounts.
- Delivered over 10% annualised returns with strong risk management and diversified strategy.GVF
Investor presentation - FY2024 saw 14% NTA growth, 18.1% shareholder returns, and a 3.3c fully franked dividend declared.GVF
H2 2024 - Strong FY2025 results with 15.8% NTA growth and a fully franked 3.3c dividend declared.GVF
H2 2025 - Profit after tax was $8.7M as adjusted NTA rose 4.4%, with a 3.3c dividend declared.GVF
H1 2026 - Consistent double-digit returns, prudent governance, and diversification amid rising market risks.GVF
AGM 2025 - Consistent double-digit returns, strong diversification, and high IRRs from special situations.GVF
Investor Presentation - Profit after tax more than doubled, with 11.2% NTA return and a 3.3c fully franked dividend.GVF
H1 2025
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