Argo Investments Limited announced a record half-year profit of $130.8 million for the period ending 31 December 2025, and declared a fully franked interim dividend of 18.5 cents per share, marking an 8.8% increase over the previous year's interim dividend. The company's earnings per share were reported at 17.2 cents, up from 15.9 cents. The Management Expense Ratio improved slightly to 0.14%. Despite a flat investment revenue from its portfolio, Argo's profit was supported by increased trading and options activities. The company has grown its dividends by 37.5% over the past five years, maintaining 100% franking through challenging market conditions. The investment portfolio saw strategic purchases and sales, slightly reducing the total number of stocks from 85 to 83. Argo's performance, although below the S&P/ASX 200 Accumulation Index during the six months to December 2025, remained robust with a focus on established businesses and sustainable dividends. The economic outlook remains uncertain with challenges such as geopolitical tensions and macroeconomic risks, but Argo remains committed to broad diversification across its portfolio to navigate these uncertainties.
Key Points
Record half-year profit of $130.8 million.
Fully franked interim dividend of 18.5 cents per share, up by 8.8%.
Earnings per share increased to 17.2 cents.
Management Expense Ratio decreased to 0.14%.
Dividend growth of 37.5% over the last five years.
Strategic portfolio adjustments with slight decrease in total stocks from 85 to 83.
Underperformance compared to S&P/ASX 200 Accumulation Index due to less exposure to gold stocks.
Economic outlook is uncertain with geopolitical and macroeconomic risks.
Commitment to broad diversification across the portfolio.
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.