Argo Global Listed Infrastructure (ALI) H2 2026 earnings summary

Executive summary

• Achieved full-year profit of $39.5 million for FY2026, with total assets rising to $529 million from $476 million in FY2025.

• Portfolio delivered a 13.0% return, outperforming both the infrastructure benchmark (+9.5%) and Australian equities (+6.1%).

• Share price returned 19.2% over the 12 months to 30 June 2026.

Financial highlights

• Final fully franked dividend of 5.5 cents per share declared, bringing full-year dividends to 10.0 cents per share, a record high.

• Dividend yield stands at 5.6% including franking.

• Net tangible assets (NTA) per share increased to $2.75 from $2.61 year-over-year.

• Profits declined from $52.2 million in FY2025 to $39.5 million in FY2026.

Outlook and guidance

• Macroeconomic conditions remain resilient, supporting global listed infrastructure.

• Elevated geopolitical risks, especially in the Middle East, and potential government intervention may impact some subsectors.

• Strong investment opportunities expected in Electric Utility and Gas Distribution stocks due to AI-driven data centre demand.

• Long-term optimism for infrastructure driven by technological advancements and digitalisation.