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Future Generation Australia Limited (ASX:FGX)

ALERT: Price-sensitive ASX Announcement for FGX
Current share price for FGX : $1.375 0.02 (1.48%)+
Announcement
Release
27 Aug 2026 8:46AM
Price at Release
$1.355
Full Release
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Summary
Future Generation Australia Limited (ASX: FGX) released its Appendix 4D and half year financial report for the six months ended 30 June 2026, reporting a loss from ordinary activities before tax of $18.9 million and a net loss after tax of $12.4 million, compared with a profit in the prior corresponding period, reflecting weaker portfolio performance as net realised and unrealised investment losses outweighed distribution income and fee rebates; revenue from ordinary activities was negative $15.6 million, while the investment portfolio fell 2.5% over the half against a 1.2% rise in the S&P/ASX All Ordinaries Accumulation Index and a 7.9% fall in the S&P/ASX Small Ordinaries Accumulation Index, and net tangible assets were $1.32 per share before tax and $1.33 after tax at 30 June 2026 after payment of the 2025 final dividend of 3.6 cents per share; despite the loss, the Board declared an increased fully franked interim dividend of 3.8 cents per share payable on 20 November 2026, supported by the listed investment company structure and profits reserve, with the DRP remaining in place without discount; the company continued its model of investing via pro bono or rebated arrangements with leading Australian fund managers and service providers, accruing a $2.8 million donation expense for the half and expecting to make its twelfth annual donation of $5.9 million by year end, taking total donations since inception to $54.9 million, while the half year report was independently reviewed by Pitcher Partners Sydney, which concluded nothing had come to its attention to indicate the report did not comply with the Corporations Act 2001 and AASB 134.
Key Points
  • Appendix 4D covers the half year ended 30 June 2026 for Future Generation Australia Limited (ASX: FGX).
  • Revenue from ordinary activities was negative $15.585 million, down 169.5% from the prior corresponding period.
  • Loss from ordinary activities before income tax was $18.940 million.
  • Net loss after income tax was $12.425 million.
  • The company declared a fully franked interim dividend of 3.8 cents per share.
  • Interim dividend dates were ex-date 9 November 2026, record date 10 November 2026, DRP election date 12 November 2026 and payment date 20 November 2026.
  • The Dividend Reinvestment Plan remains in operation and will apply without a discount.
  • Net tangible assets were $1.32 per share before tax and $1.33 per share after tax at 30 June 2026.
  • The investment portfolio decreased 2.5% during the half year.
  • The portfolio was invested across 16 Australian fund managers and 19 unlisted unit trusts.
  • Portfolio allocation at 30 June 2026 was 63.5% absolute bias, 32.7% long equities and 3.8% cash.
  • Financial assets at fair value through profit or loss were $518.452 million at 30 June 2026.
  • Net assets were $547.692 million at 30 June 2026.
  • Cash and cash equivalents fell to $20.866 million from $53.332 million at 31 December 2025.
  • A donation accrual of $2.846 million was recognised for the half year.
  • The 12-month accrued donation commitment at 30 June 2026 was $5.9 million.
  • Total donations since inception are expected to reach $54.9 million after the twelfth annual donation.
  • The company said pro bono fund manager fee support for the half year totalled $3.4 million and pro bono service provider support was estimated at $0.9 million.
  • Pitcher Partners Sydney reviewed the half year financial report and issued an unmodified review conclusion dated 27 August 2026.
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.