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Australian Foundation Investment Company Limited (ASX:AFI)

ALERT: Price-sensitive ASX Announcement for AFI
Current share price for AFI : $6.840 -0.1 (-1.44%)+
Announcement
Release
27 Jul 2026 9:19AM
Price at Release
$6.940
Full Release
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Summary
The Australian Foundation Investment Company Limited (AFIC) presented its preliminary final results for the financial year ending 30 June 2026. AFIC reported a net profit of $293.5 million, up from $285 million in the previous year, driven primarily by dividend income. The company maintained a diversified investment portfolio, with major acquisitions including Sigma Healthcare and JB Hi-Fi, while they fully disposed of Sonic Healthcare. AFIC's net asset backing per share with dividends reinvested grew by 0.9%, although this was below the S&P/ASX 200 Index, which gained 7.2%. The company paid a fully franked special dividend of 2.5 cents per share. Despite market uncertainties, AFIC remains confident in achieving long-term investment objectives due to its diverse portfolio.
Key Points
  • Net profit for 2026 was $293.5 million, up from $285 million in 2025.
  • Major acquisitions included Sigma Healthcare and JB Hi-Fi.
  • Fully disposed of Sonic Healthcare from the portfolio.
  • Net asset backing per share including dividends reinvested grew by 0.9%.
  • Paid a fully franked special dividend of 2.5 cents per share.
  • Outperformed by the S&P/ASX 200 Index, which gained 7.2%.
  • Maintained a diversified investment portfolio.
  • Confident in meeting long-term investment objectives.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.