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Underwood Capital Limited (ASX:UWC)

ALERT: Price-sensitive ASX Announcement for UWC
Current share price for UWC : $0.056 0 (0%)+
Announcement
Release
25 Aug 2026 9:05AM
Price at Release
$0.056
Full Release
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Summary
Underwood Capital Limited's Appendix 4E and Annual Report for FY26, ending June 30, 2026, presents a profit of $0.193 million, down from $0.243 million in the previous year. The company's revenue decreased by 27% primarily due to changes in the market value of investments in listed Australian securities. Operating expenses decreased slightly to $0.84 million. The net tangible asset backing per share increased to 9.46 cents, attributed to a share buyback program reducing the number of issued shares. No dividends were declared during the period. The company also concluded the voluntary winding up of its non-operating UK subsidiary. Management fees to HD Capital Partners, appointed for a five-year term starting July 2023, were based on 1% of the company's Pre-tax Net Asset Value, with no performance fees due to the absence of a positive performance outcome. The directors state confidence in the company’s ability to meet its financial obligations, supported by a stable liquidity position.
Key Points
  • Profit for FY26 was $0.193 million, down from $0.243 million in FY25.
  • Revenue from ordinary activities decreased by 27%.
  • Net tangible asset backing per share increased to 9.46 cents.
  • Operating expenses reduced to $0.84 million.
  • No dividends declared during FY26.
  • Concluded the voluntary winding up of Phytotech Medical (UK) Pty Ltd.
  • Management fees paid to HD Capital Partners based on Pre-tax Net Asset Value.
  • No performance fees due to lack of positive performance outcome.
  • Directors confident in meeting financial obligations.
  • Stable liquidity position maintained.
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.