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Highlights
- Revenue skyrocketed by 274.1% to $54.3 million
- Net profit surged 240.6% to $32.5 million
- Interim fully franked dividend of 5.3 cents per share declared
WAM Microcap (ASX:WMI) has posted an impressive financial performance for the half-year, reporting a substantial rise in revenue, profit, and investment portfolio growth. The company’s latest results reflect a strong execution of its investment strategy, leading to significant returns for shareholders.
Financial Performance
For the six months ended 31 December 2024, revenue from ordinary activities soared to $54.3 million, marking a staggering 274.1% increase compared to the same period last year. The company’s profit before income tax experienced an exceptional jump of 257.9% to reach $45.1 million, while net profit after tax climbed 240.6% to $32.5 million.
The standout growth in profitability is largely attributed to a well-managed investment portfolio, which expanded by 14.4% over the period. Notably, this performance significantly outpaced the S&P/ASX Small Ordinaries Accumulation Index, surpassing it by 8.9%. This highlights the company's ability to deliver strong returns despite broader market conditions.
Dividend Update
In line with its strong financial results, the Board has declared a fully franked interim dividend of 5.3 cents per share, which is set to be distributed to shareholders on 30 April 2025. Additionally, the company had already paid a fully franked final dividend of 5.25 cents per share earlier in the period.
For shareholders looking to reinvest, the Dividend Reinvestment Plan remains active, allowing eligible participants to reinvest their dividends based on the volume-weighted average market price over four trading days starting from the ex-dividend date.
Strategic Outlook
WAM Microcap (WMI) continues to demonstrate resilience and strength through its investment approach, successfully navigating market volatility while delivering substantial gains for investors. With its portfolio achieving notable outperformance, the company remains well-positioned for sustained growth.
The latest results reaffirm the company’s commitment to rewarding shareholders while maintaining an active and disciplined investment strategy. As the company moves forward, its ability to capitalize on emerging opportunities and market trends will be closely watched by investors.
With a strong balance sheet, a robust portfolio, and a continued focus on delivering shareholder value, WAM Microcap (WMI) has once again showcased why it remains a key player in the microcap investment space.
