Diversified United Investment (DUI) H2 2025 earnings summary

Executive summary

• Profit after tax rose 5.4% to $38.0 million for the year ended 30 June 2025, with underlying profit (excluding special income items) up 2.4% year-over-year.

• Pre-tax NTA per share increased to $6.40 from $5.83, and the share price at year-end was $5.19.

• Accumulation performance of pre-tax NTA was 12.7%, trailing the S&P/ASX 200 Accumulation Index's 13.8%.

• Dividends of 16.0 cents per share were paid, fully franked, consistent with prior years.

• 1,253,849 shares were bought back and cancelled at an average price of $5.27 per share.

Financial highlights

• Revenue from the investment portfolio was $43.7 million, down from $46.5 million year-over-year.

• Earnings per share were 17.6 cents (16.5 cents excluding special income items), up from 16.6 cents (16.0 cents excluding special items) in 2024.

• Total comprehensive profit was $120.3 million, up from $99.3 million in 2024.

• Management expense ratio remained low at 0.12%, or 0.16% including managed fund fees.

Outlook and guidance

• Directors expect the investment portfolio value to fluctuate in line with market movements and intend to maintain a diversified portfolio for long-term capital gain and income.