Argo Investments (ARG) H2 2025 earnings summary

Executive summary

• Income from operating activities rose 1.6% to $289.98 million year-over-year, with profit for the year up 2.7% to $259.83 million compared to the prior year.

• Total comprehensive income increased to $726.98 million from $575.08 million year-over-year, driven by strong revaluation gains on long-term investments.

• Fully franked dividends for the year totaled 37.0 cents per share, up from 34.5 cents, with a final dividend of 20.0 cents including a 7.0 cent LIC capital gain component.

Financial highlights

• Net tangible asset (NTA) per share after unrealised tax provision rose to $8.96 from $8.36 year-over-year.

• Earnings per share increased to 34.1 cents from 33.3 cents year-over-year.

• Cash and cash equivalents at year-end were $119.32 million, up from $97.17 million.

• Net assets grew to $6.82 billion from $6.36 billion year-over-year.

Outlook and guidance

• Directors declared a final fully franked dividend of 20.0 cents per share, payable 12 September 2025, with DRP and DSSP to operate at market price and no discount.

• No significant events or changes in outlook reported after the balance date.