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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.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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