InvestSMART

Perpetual Equity Investment Company Limited (ASX:PIC)

ALERT: Price-sensitive ASX Announcement for PIC
Current share price for PIC : $1.180 -0.05 (-4.07%)+
Announcement
Release
23 Feb 2026 8:51AM
Price at Release
$1.230
Full Release
download
Summary
Perpetual Equity Investment Company Limited (PIC) announced a net operating profit after tax (NPAT) of $20.4 million for the half year ended 31 December 2025, marking an increase of $14.4 million compared to 1H25. The company's investment portfolio performance was 5.5%, outperforming its benchmark by 1.5%. PIC declared a fully franked interim dividend of 4.0 cents per share, consistent with previous dividends, resulting in an annual dividend yield of 6.4% and a grossed-up yield of 9.1%. The company's profit reserve of $68.4 million and a franking account balance of $13.3 million support long-term dividend payments, providing 2.2 years and 1 year of dividend coverage respectively. PIC's portfolio managers highlighted the challenges of navigating an environment influenced by AI-driven technology cycles, commodity strength, and divergent monetary policies.
Key Points
  • Net operating profit after tax (NPAT) of $20.4 million for 1H26.
  • Investment portfolio performance of 5.5%, outperforming benchmark by 1.5%.
  • Fully franked interim dividend of 4.0 cents per share.
  • Annual dividend yield of 6.4% and a grossed-up yield of 9.1%.
  • Profit reserve of $68.4 million providing 2.2 years of dividend coverage.
  • Franking account balance of $13.3 million providing 1 year of dividend coverage.
  • Challenges include AI-driven technology cycles and commodity strength.
  • Maintaining a disciplined approach to profit reserve management.
  • Shift in market leadership from financials and technology to resources and cyclicals.
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.