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Whitefield Industrials Limited (WHF) investor relations material

Whitefield Industrials Limited H1 2026 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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H1 2026 earnings summary18 Nov, 2025

Executive summary

  • Whitefield Income delivered strong Q1 results with gross income of $7.8m, NPAT of $5.1m, and EPS of 3.2 cps, maintaining consistent income generation over the past four years.

  • Whitefield Industrials reported a mixed half year, accelerating in Q2, with NPAT of $10.5m and EPS of 8.7 cps, and 70% of holdings maintaining or increasing dividends.

  • Operating profit after tax for the half-year ended 30 September 2025 was $10.48 million, down 4% year-over-year, with EPS at 8.71 cents, also down 4% from the prior period.

  • Investment revenue declined 3.4% to $12.82 million compared to the same period last year.

  • Portfolio outperformed its benchmark, delivering a 12.7% one-year return and 17.1% per annum over three years.

Financial highlights

  • Whitefield Income's gross income for Q1 was $7.8m, with a 13% annualized return since strategy inception in Jan 2021.

  • Whitefield Industrials achieved a 17.1% p.a. 3-year portfolio investment return and 1.3% rolling year outperformance vs benchmark.

  • Whitefield Income portfolio delivered a 14.4% total return (after costs) over 10 months, outperforming its benchmark.

  • Net tangible assets per share (pre-tax) rose 7.7% to $6.71; post-tax NTA per share increased 6.5% to $5.88 year-over-year.

  • Total comprehensive income for the period was $69.41 million, up from $41.80 million in the prior year.

Outlook and guidance

  • Whitefield Income targets a base monthly franked dividend of 7.5% p.a. with additional six-monthly top-up dividends commencing after Dec 2025.

  • Whitefield Industrials continues to focus on reliable value accretion and risk control, with a history of no sustained underperformance over 40 years.

  • The economic outlook for Australia into 2026 is positive, with firm business conditions and supportive interest rates expected to aid consumer activity.

  • Risks from US trade policy changes are noted, but Australia remains relatively insulated so far.

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Frequently asked questions

Whitefield Industrials Limited is an Australian investment company that focuses on managing a diversified portfolio of Australian equities, primarily targeting industrial and service sector companies. The company seeks to provide shareholders with regular income and long-term capital growth by investing in sectors such as healthcare, consumer services, financials, and infrastructure. The company is headquartered in Sydney, Australia, and its shares are listed on the ASX.

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