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Glennon Small Companies Limited (ASX:GC1)

ALERT: Price-sensitive ASX Announcement for GC1
Current share price for GC1 : $0.415 -0.145 (-25.89%)+
Announcement
Release
28 Aug 2025 5:30PM
Price at Release
$0.560
Full Release
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Summary
The document is the preliminary final report (Appendix 4E) and FY2025 Financial Statements for GC1, Glennon Small Companies Limited, covering the year ended 30 June 2024. The company reports a strong increase in net profit after tax, higher earnings per share, and increased net tangible assets per share. Fully franked dividends were declared, reflecting positive investment returns and effective cost management. The investment portfolio is managed by Glennon Capital Pty Ltd and focuses on small ASX-listed companies, maintaining a consistent strategy aimed at long-term capital growth. No significant changes or subsequent events affected the company’s activities, and the report includes audited financials and the auditor’s opinion.
Key Points
  • Appendix 4E: Preliminary final report for the year ended 30 June 2024 provided as per ASX Listing Rules.
  • Reported net profit after tax (NPAT) for the year ended 30 June 2024 was $4,625,000, up from $3,384,000 the previous year.
  • Earnings per share increased to 7.64 cents from 5.66 cents last year.
  • Final fully franked dividend declared at 4.00 cents per share, bringing total fully franked dividends for the year to 8.00 cents per share.
  • Net tangible assets per share increased to $1.07 from $1.01 at 30 June 2023.
  • Directors state the results reflect positive investment returns and prudent cost management.
  • The company’s investment portfolio is externally managed by Glennon Capital Pty Ltd, focusing on small companies listed on the ASX.
  • The investment strategy remains unchanged, with a focus on long-term capital growth through a diversified portfolio.
  • No significant changes in the company’s principal activities or structure during the period.
  • No matters or circumstances have arisen since balance date that would significantly affect the operations or results.
  • Audited full financial statements and the independent auditor’s report are included in the document.
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.