Argo Investments (ARG) H2 2026 earnings summary

Executive summary

• Achieved record high fully franked full-year dividends of 38.5c per share, up from 37.0c per share year-over-year.

• Full-year profit increased to $260.2 million from $259.8 million compared to the previous year.

• NTA return after costs was +8.7%, outperforming the ASX 200 Accumulation Index's +6.1%.

• Board plans to introduce quarterly dividend payments in 2027, targeting 40.0c per share for the year.

Financial highlights

• Earnings per share rose to 34.3c from 34.1c year-over-year.

• Net tangible assets per share reached a record $10.84, up from $10.43.

• Management expense ratio improved to 0.14% from 0.15%.

• Dividend yield, including franking, stood at 6.0%.

Outlook and guidance

• Continued market volatility expected, especially during the upcoming corporate reporting season.

• Board intends to pay four quarterly dividends of 10.0c per share, fully franked, in 2027.

• Ongoing focus on reducing share price discount to NTA through on-market buybacks.