Whitefield Industrials (WHF) H1 2025 earnings summary

Executive summary

• Net profit after tax rose 9.5% to $10.92 million for the half-year ended 30 September 2024 compared to the prior year.

• Earnings per ordinary share increased 9.1% to 9.0 cents year-over-year.

• Investment portfolio delivered a 28.7% rolling 12-month return, outperforming the S&P/ASX 200 Index by 7%.

• Dividend per ordinary share increased to 10.50 cents, fully franked, with 20% attributed to LIC Discount Capital Gains.

Financial highlights

• Investment revenue grew 9.3% to $13.28 million compared to the same period last year.

• Net tangible assets per share (pre-deferred capital gains tax) rose 23.4% to $6.23 year-over-year.

• Total comprehensive income for the period was $41.8 million, up from $5.5 million in the prior year, driven by strong gains on investments.

• Cash and cash equivalents at period end were $9.12 million, up from $8.52 million at 31 March 2024.

Outlook and guidance

• Directors declared fully franked dividends for ordinary, 8% preference, and convertible resettable preference shares, payable in December 2024.

• Dividend Reinvestment and Substitution Plans remain available for ordinary shareholders.