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Hearts and Minds Investments Limited (ASX:HM1)

ALERT: Price-sensitive ASX Announcement for HM1
Current share price for HM1 : $2.830 -0.15 (-5.03%)+
Announcement
Release
26 Aug 2026 9:48AM
Price at Release
$2.980
Full Release
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Summary
Hearts and Minds Investments Limited (HM1) reported a total comprehensive income of $29.6 million for the year ending on 30 June 2026, with a pre-tax return of 5.2%. The net asset value dropped to $773.9 million, influenced by dividends and investment returns. The company continues to pursue philanthropic efforts, donating $11.4 million to medical research. HM1 plans to distribute fully franked dividends and remains committed to its dual mission of investment and medical research support. The Annual General Meeting is set for November 2026.
Key Points
  • Hearts and Minds Investments Limited (HM1) recorded a total comprehensive income after tax of $29.6 million for the year ended 30 June 2026.
  • The investment portfolio generated a pre-tax return of 5.2%, with a compound annual pre-tax return of 10.7% since inception in November 2018.
  • Shareholder returns included fully franked dividends of 18.5 cents per share and a declared final dividend of 10.0 cents per share payable in October 2026.
  • The net asset value decreased from $786.7 million on 30 June 2025 to $773.9 million on 30 June 2026.
  • Medical research contributions amounted to $11.4 million, in line with HM1’s philanthropic objective to support Australian medical research organizations.
  • Key directors include Christopher Cuffe AO, Lorraine Berends AM, and Richard Howes as the Managing Director.
  • The company's operations are not subject to significant environmental regulation.
  • The Annual General Meeting is scheduled for 19 November 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.