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Gowing Brothers Ltd (ASX:GOW)

ALERT: Price-sensitive ASX Announcement for GOW
Current share price for GOW : $2.240 -0.07 (-3.03%)+
Announcement
Release
30 Sep 2025 8:36AM
Price at Release
$2.310
Full Release
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Summary
Gowing Bros. Limited reported a net loss of $3.29 million for the financial year ended 31 July 2025, compared to a small loss of $39,000 the previous year. The company's income from ordinary activities, including rent, interest, and dividends, decreased significantly to $4.4 million due to reduced sales in development properties and the performance of Surf Hardware International. Despite the loss, the company declared a fully franked dividend of $0.06 for the year. The net assets of the company stood at $207.7 million, slightly up from $203.6 million the previous year. Gowing Bros. continued to invest in a diverse portfolio including equities, private equities, and properties, with a focus on strategic investments and long-term growth. The company maintained its status as a Listed Investment Company (LIC), offering certain tax advantages to shareholders. Throughout the year, Gowing Bros. faced challenges in international markets, particularly due to US tariffs impacting Surf Hardware International's performance.
Key Points
  • Net loss of $3.29 million for the year ended 31 July 2025.
  • Total net income from ordinary activities decreased to $4.4 million.
  • Declared fully franked dividend of $0.06 per share.
  • Net assets increased to $207.7 million.
  • Challenges in international markets due to US tariffs.
  • Investment in equities, private equities, and properties.
  • Maintained LIC status with tax benefits for shareholders.
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.