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Morphic Ethical Equities Fund Limited (ASX:MEC)

ALERT: Price-sensitive ASX Announcement for MEC
Current share price for MEC : $1.325 0.2 (17.78%)+
Announcement
Release
22 Aug 2025 11:15AM
Price at Release
$1.125
Full Release
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Summary
The Appendix 4E and 2025 Annual Report for Morphic Ethical Equities Fund Limited (MEC) covers the company’s financial performance and activities for the year ended 30 June 2024. The report provides a detailed financial overview, including profit and loss statements, balance sheet, and cash flow information. It highlights that MEC achieved a net profit after tax of $2,324,245, representing a significant improvement over the previous corresponding period. Key drivers included positive investment performance, disciplined cost control, and an increased dividend distribution of 5.0 cents per share fully franked. The report outlines the company’s ethical investment philosophy, the market environment, portfolio performance, and risk management practices. The company confirms compliance with its mandate to invest in companies with strong environmental, social, and governance (ESG) standards. The document also discusses corporate governance, key management personnel, remuneration details, and auditor’s independence, and provides the outlook for the upcoming year, focusing on maintaining ethical standards and improving shareholder returns.
Key Points
  • MEC reported a net profit after tax of $2,324,245 for the year ended 30 June 2024.
  • Dividend distribution increased to 5.0 cents per share, fully franked.
  • Strong investment performance and disciplined cost management were primary contributors to results.
  • The fund maintains its ethical investment mandate, focusing on companies with high ESG standards.
  • Portfolio performance was robust despite challenging market conditions.
  • Risk management and compliance processes are rigorously upheld.
  • The company is committed to transparent corporate governance and detailed remuneration disclosures.
  • Outlook for the following year centers on sustaining ethical investment practices and enhancing shareholder value.
  • Auditor’s independence declaration and corporate regulatory compliance are confirmed.
  • The report covers director’s report, remuneration, auditor details, and corporate governance framework.
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.