WCM Global Growth Limited Announces Weekly NTA of $1.855 Per Share as of 24 July 2026

WQG's Position as a Global Growth Focused Listed Investment Company

WCM Global Growth Limited operates as an ASX-listed investment company providing investors access to global growth opportunities through a professionally managed portfolio. The company is managed by AGP International Management Pty Ltd (AIML), a Corporate Authorised Representative of AGP Investment Management Limited, holder of the relevant Australian Financial Services Licence. This structure enables WQG to offer diversified exposure to international equities while ensuring regulatory compliance and expert portfolio management.

Unlike direct stock ownership, WQG offers a pooled investment vehicle with professional management, regular NTA disclosures, and tradability on the ASX. Incorporated in Australia with its registered office at Level 12, 2 Chifley Square, Sydney, NSW, WQG provides investors with a locally regulated investment framework despite its global mandate. Weekly NTA statements enhance transparency around the portfolio’s value relative to market pricing.

Insights into WQG's Weekly NTA Reporting and Valuation Methodology

The Net Tangible Asset backing released on 28 July 2026 delivers investors an estimated unaudited per-share valuation of the company's net assets. The NTA calculation encompasses all assets, including the operating bank account, with all fees and expenses deducted to present an accurate net value available to shareholders. This calculation is based on 276,610,625 shares issued as at 24 July 2026, providing a clear measure of asset backing per share.

WQG reports both before-tax and after-tax NTA figures, helping investors understand potential tax impacts within the portfolio. The before-tax NTA of $2.051 per share reflects the gross asset position, while the after-tax NTA of $1.855 per share accounts for possible tax liabilities from unrealised gains or other tax factors. The closing share price of $1.980 on 24 July 2026 enables investors to evaluate the premium or discount relative to net asset value, a key metric for listed investment company valuation.

Share Price Premium and Discount Trends for WQG Investors

The comparison between WQG’s share price and its NTA is vital for investors, reflecting market sentiment and capital allocation efficiency. As of 24 July 2026, the closing price of $1.980 lies between the after-tax NTA of $1.855 and the before-tax NTA of $2.051, indicating a slight premium to after-tax asset backing. This suggests market confidence in the company’s management, portfolio, and growth outlook, a common occurrence when investor trust is strong.

Recognizing whether WQG trades at a discount or premium to NTA is crucial for investment decisions. Persistent discounts may signal concerns about performance or management, while premiums often reflect optimism about future returns. WQG’s weekly NTA disclosures allow investors to monitor these trends and make informed entry and exit decisions. Tracking share price relative to NTA over time provides insights into market perceptions of portfolio performance and investment strategy effectiveness.

Management and Regulatory Oversight of WQG

WCM Global Growth Limited’s investment activities are managed by AGP International Management Pty Ltd (AIML), a Corporate Authorised Representative (CAR No. 1254169) operating under the Australian Financial Services Licence held by AGP Investment Management Limited (ABN 26 123 611 978, AFSL 312247). This regulatory framework ensures compliance with Australian financial services laws and governance standards, providing professional oversight and accountability.

The licensed investment manager brings expertise in identifying and managing global growth opportunities across international markets. Delegating investment decisions to a specialised manager enables WQG to benefit from professional research, portfolio construction, and risk management capabilities that individual investors may find challenging to replicate. Management details and investment philosophy are disclosed through company communications and are accessible at associateglobal.com.

Asset Breakdown and Fee Impact in WQG's NTA Calculations

WQG’s NTA figures incorporate all company assets as of the reporting date, including cash in the operating bank account, with all fees and expenses deducted to reflect net value available to shareholders. This comprehensive calculation ensures investors see the true value of their investment without distortion from unrealised costs or liabilities. Deducting management fees, administration, and operating expenses provides transparency on the actual returns net of costs.

Ongoing fees typical for listed investment companies reduce net assets, and WQG’s after-fee NTA reporting allows investors to assess cost efficiency and net asset backing accurately. Weekly NTA reporting aligns with industry best practices, enabling investors to track investment value regularly.

Regulatory Compliance and Financial Services Authority Monitoring

WQG operates under ASX listing rules mandating regular financial reporting and corporate governance compliance. AGP Investment Management Limited holds an Australian Financial Services Licence (AFSL 312247) issued by ASIC, confirming adherence to regulatory standards for managing client funds. This multi-tiered oversight provides investor confidence that WQG’s operations comply with Australian financial services regulations.

The regulatory framework requires ongoing compliance, reporting, and controls to safeguard investor funds. WQG’s disclaimers stress that the company may not suit all investors and recommend professional financial advice before investing. This transparency and investor protection reflect obligations under financial services legislation. For more information, investors can contact WQG’s investor relations at 1300 052 054 or visit associateglobal.com.

Investor Engagement and Access to Information

WCM Global Growth Limited ensures ongoing investor communication through weekly NTA statements and corporate disclosures, providing shareholders with current insights into asset backing and financial status. The investor relations team is reachable via 1300 052 054 for inquiries regarding company operations or investment strategy. The weekly NTA releases demonstrate a commitment to transparency and timely reporting, assisting investors in making informed decisions. Additional resources are available at associateglobal.com.

Regular NTA disclosures allow investors to monitor asset value trends and compare portfolio performance against benchmarks and peers. While weekly NTA figures are estimated and unaudited, they offer timely information pending formal audits and final valuations. This reporting balance supports transparency and investor awareness of investment value and performance.

Considerations for Investors Evaluating WQG's Listed Investment Company Value

Investors should recognize that share price returns, NTA performance, and portfolio returns are distinct and may vary over time. WQG’s shares may trade at discounts or premiums to NTA based on market sentiment, demand, and perceived portfolio quality. The company clarifies that past performance does not guarantee future results, and neither WQG nor its managers assure investment returns or capital protection. Understanding the risks of equity and international growth investments is essential.

WQG may not be suitable for all investors, and professional financial advice is recommended prior to investing. Prospective investors should review product disclosure and offer documents to ensure alignment with their financial goals, risk tolerance, and investment horizon. Weekly NTA reporting is a valuable monitoring tool but should be considered alongside investment strategy, management quality, fees, and global economic conditions. Investors seeking guidance should consult qualified financial advisers before making decisions.