WCM Global Growth (WQG) investor relations material

Executive summary

• Delivered a 6.61% return for the half-year ended 31 December 2025, underperforming the MSCI All Country World ex-Australia Index benchmark return of 9.85%.

• Since inception, achieved annualized returns of 16.49% (since June 2017) and 15.88% (since August 2018), both outperforming respective benchmarks.

• Net operating profit after tax for H1 FY2026 was $22.87 million, down from $47.09 million in H1 FY2025.

• Continued to invest in line with target asset allocations and fund constitution.

Financial highlights

• Profit before finance costs attributable to unitholders was $27.5 million, up from $8.9 million in the prior year period.

• Total investment income reached $30.2 million, compared to $77.1 million in the previous year.

• Net assets attributable to unitholders increased to $371.3 million from $350.1 million at 30 June 2025.

• Pre-tax NTA per share increased from $2.025 at 30 June 2025 to $2.064 at 31 December 2025.

• A $10,000 investment at IPO in June 2017 grew to $36,753 by 31 December 2025, including reinvested dividends.

Outlook and guidance

• Board announced an increased interim dividend of 2.16 cents per share, fully franked, for Q2 FY2026, to be paid 15 April 2026.

• Intention to further increase quarterly dividends through FY2026 and into FY2027, subject to profit reserves and franking credits.

• No significant events after the reporting period expected to impact financial position or results.

• Management remains optimistic about the investment approach despite market uncertainties.