WCM Global Growth (WQG) H2 2026 earnings summary

Executive summary

• Net operating profit after tax for FY2026 was $66.7 million, compared to $69.5 million in FY2025, driven by portfolio value increases and strong investment performance.

• Pre-tax NTA per share rose from $2.02 to $2.18, and after-tax NTA per share increased from $1.80 to $1.94 year-over-year, after paying four quarterly dividends totaling 8.52 cps.

• Portfolio returned 16.58% in FY2026, slightly underperforming the MSCI ACWI ex-Australia benchmark return of 18.26%, but outperformed the benchmark over three, five years, and since inception.

Financial highlights

• Since inception in June 2017, the portfolio has delivered 16.71% annualized returns after fees, outperforming the benchmark's 13.81%.

• An initial $10,000 investment at inception grew to $40,337 by June 2026, compared to $32,147 for the benchmark.

Outlook and guidance

• The investment manager has enhanced the company's market profile, leading to improved share price performance and liquidity.

• The portfolio is considered well positioned for continued long-term growth.