The Washington H. Soul Pattinson and Company Ltd (ASX: SOL) (Soul Patts) share price is in focus after the investment house delivered a landmark year to 31 July 2026, with statutory NPAT soaring 502% to $2.19â¯billion and revenue jumping 96% as a result of the merger with Brickworks Limited.
What did Washington H. Soul Pattinson report?
- Revenue from continuing operations rose 96% to $1.87â¯billion (FY25: $955â¯million)
- Statutory net profit after tax (NPAT) attributable to shareholders up 502% to $2.19â¯billion (FY25: $364â¯million), including one-off merger gains
- Net Cash Flow From Investments (NCFI) increased 12% to $572â¯million
- Final dividend of 63 cents per share, fully franked (up 6.8% on FY25); total FY26 ordinary dividends 111c (up 7.8%)
- Net Asset Value (pre-tax) up 10.4% to $13.7â¯billion; post-tax NAV $14.5â¯billion (up 27.2% per share basis)
- Available liquidity of $3.8â¯billion in cash and facilities
What else do investors need to know?
FY26 was transformative for Soul Patts, driven by the completed merger with Brickworks in September 2025. The new group consolidated two of the country’s most recognised compounders and led to a significant reset of Soul Patts’ capital structure, tax base, and portfolio mix. With the cross-shareholding unwound, Brickworks’ results are now fully included from the merger date, with prior holdings equity-accounted.
Beyond record profit, Soul Patts demonstrated active portfolio management, selling down equities including its TPG Telecom stake, divesting the Goodman industrial property joint venture for $1.9â¯billion, and expanding allocations to global private markets and fixed income. The business remains Australia’s only dividend aristocrat, marking its 28th consecutive year of increased ordinary dividends.
What did Washington H. Soul Pattinson management say?
Todd Barlow, Managing Director & CEO said:
One year on, the Brickworks merger decision has delivered a cleaner capital structure, a stronger balance sheet and great firepower for new investments, without compromising the disciplined governance and capital allocation Soul Patts has always been known for.
What’s next for Washington H. Soul Pattinson?
Looking ahead, Soul Patts says its strong balance sheet and cash reserves give the group flexibility to pursue new investments as opportunities arise, especially during market volatility. Management expects to continue rotating capital into global private markets, with a focus on quality and disciplined deployment. The reactivated Dividend Reinvestment Plan allows shareholders to reinvest in new shares for the 2026 final dividend, with grants expected to grow now that the Soul Patts Foundation corpus has expanded post-merger.
Market conditions remain uncertain, but management is prioritising liquidity management, a continued defensive portfolio approach, and active capital deployment to sectors with long-term structural growth. Soul Patts’ history of resilience and dividend growth underpins its guidance of ongoing value creation for shareholders.
Washington H. Soul Pattinson share price snapshot
Over the past 12 months, Soul Patts has risen 16%, outpacing the S&P/ASX 200 Index (ASX: XJO), which is flat over the same period.
The post Washington H. Soul Pattinson posts 502% profit surge after Brickworks merger appeared first on The Motley Fool Australia.
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Motley Fool contributor Laura Stewart has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Washington H. Soul Pattinson and Company Limited. The Motley Fool Australia has positions in and has recommended Washington H. Soul Pattinson and Company Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips. This article was prepared with the assistance of Large Language Model (LLM) tools for the initial summary of the company announcement. Any content assisted by AI is subject to our robust human-in-the-loop quality control framework, involving thorough review, substantial editing, and fact-checking by our experienced writers and editors holding appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content published by The Motley Fool Australia.