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Morphic Ethical Equities Fund Limited (ASX:MEC)

ALERT: Price-sensitive ASX Announcement for MEC
Current share price for MEC : $1.165 -0.075 (-6.05%)+
Announcement
Release
18 Aug 2026 7:26PM
Price at Release
$1.240
Full Release
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Summary
The 2026 annual report for Morphic Ethical Equities Fund Limited highlights a profitable year with a pre-tax profit of $9.7 million and an after-tax profit of $7.3 million, up from the previous year's after-tax profit of $5.4 million. The company's investment portfolio showed strong performance, with a net return of 27.37% for the year ending 30 June 2026, outperforming the MSCI All Countries Total Return Daily Index. The fund has maintained a stable dividend policy, declaring two fully franked dividends of 1 cent per share each during the year. The report also details shares bought back during the year under the company's buyback program, amounting to approximately 20 million shares. The financial position remains robust, with total equity increasing to $44.6 million. Additionally, the fund has strategies in place for effective risk management and adherence to ethical investment principles.
Key Points
  • Morphic Ethical Equities Fund Limited reported a profit before tax of $9.7 million for the year ending 30 June 2026.
  • The after-tax profit for the same period was $7.3 million, compared to $5.4 million the previous year.
  • The fund's investment portfolio delivered a net return of 27.37%, outperforming the MSCI index.
  • Fully franked dividends of 1 cent per share were declared twice in the financial year.
  • The company conducted a share buyback, acquiring approximately 20 million shares.
  • Total equity increased to $44.6 million as of 30 June 2026.
  • Risk management strategies are in place, including exposure limits and portfolio monitoring.
  • The company adheres to ethical investment principles.
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.