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Salter Brothers Emerging Companies Limited (ASX:SB2)

ALERT: Price-sensitive ASX Announcement for SB2
Current share price for SB2 : $0.585 -0.165 (-22%)+
Announcement
Release
24 Feb 2026 9:47AM
Price at Release
$0.750
Full Release
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Summary
Salter Brothers Emerging Companies Limited reported a significant decrease in revenues and profits for the half-year ended 31 December 2025, with revenues from ordinary activities down 46.4% to $8.8 million and profit after tax down 45.5% to $5.7 million. Despite this, the company saw an increase in net assets to $90 million, supported by net gains on financial instruments at fair value totaling $8.2 million. Basic and diluted earnings per share were 6.76 cents. A fully franked interim dividend of $0.02 per share was declared, to be paid on 23 April 2026. Cash and cash equivalents decreased to $1.5 million, reflecting lower net cash inflows from investment activities. The company operates in Australia's securities industry under the management of Salter Brothers Funds Management Pty Ltd.
Key Points
  • Revenues from ordinary activities decreased by 46.4% to $8,798,000.
  • Profit after tax attributable to shareholders dropped by 45.5% to $5,721,000.
  • Net gains on financial instruments at fair value through profit or loss were $8,203,000.
  • Basic and diluted earnings per share were 6.76 cents.
  • Net assets increased by $3,240,000 to $90,018,000 as of 31 December 2025.
  • A fully franked interim dividend of $0.02 per share was declared.
  • Cash and cash equivalents decreased by $855,000 to $1,525,000.
  • Significant decrease in total expenses due to a previous period performance fee not incurred this period.
  • The company operates in the securities industry in Australia and earns revenue from investment activities.
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.