Argo Investments (ARG) AGM 2025 Presentation summary

Financial performance and returns

• Net profit increased to $259.8m, with total assets rising to $8.0b and earnings per share at 34.1c as of 2025.

• Net tangible assets per share reached $10.43, and full year fully franked dividends rose to 37.0c per share.

• Total shareholder return for 1 year was 13.1%, with a 10-year annualized return of 9.0%.

• $10,000 invested in 2005 grew to $46,825 by September 2025, including dividends and franking.

• Management expense ratio remained low at 0.15%.

Investment strategy and portfolio

• Focus on maximizing long-term shareholder returns through reliable, fully franked dividends and capital growth.

• Portfolio is diversified across banks (15.8%), materials (14.6%), financials (14.2%), and other sectors.

• Top 20 equity investments account for 64% of the portfolio, with major holdings in Macquarie, BHP, CBA, and Wesfarmers.

• Recent purchases include Rio Tinto, Amcor, Sonic Healthcare, Worley, BHP, and CSL.

• Recent sales include Healius, Eagers Automotive, Macquarie, Wesfarmers, and Lynas Rare Earths.

Shareholder benefits and tax efficiency

• Offers low-cost, internally managed structure with an experienced board and management team.

• Delivers fully franked, sustainable dividends and maintains a strong, debt-free balance sheet.

• Provides a unique LIC capital gain tax deduction benefit to eligible shareholders.

• Dividend yield, including franking, stands at 5.8%.