Argo Investments (ARG) H1 2026 earnings summary

Executive summary

• Profit for the half-year rose 7.9% year-over-year to $130.8 million, with EPS up 8.2% to 17.2 cents per share, driven by higher investment income from trading activities.

• Interim fully franked dividend increased to 18.5 cents per share, totaling $140.4 million, payable 20 March 2026.

• Net tangible asset (NTA) backing per share was $10.34 at 31 December 2025, up from $10.01 a year earlier.

• On-market share buy-back facility was utilized, with 2,207,514 shares bought and cancelled during the period.

Financial highlights

• Income from operating activities increased 11.6% year-over-year to $149.9 million.

• Net gains on trading investments were $7.7 million, compared to a loss of $6.2 million in the prior period.

• Administration expenses remained stable at $5.8 million.

• Total comprehensive income for the half-year was $104.7 million, down from $348.8 million due to a negative revaluation of long-term investments.

Outlook and guidance

• Directors declared an interim dividend of 18.5 cents per share, with DRP and DSSP plans operating for the interim dividend.

• No events after balance date have had a material effect on the company or its financial position.