MFF Capital Investments results: Profit falls but dividend rises for H1 FY26

The MFF Capital Investments Ltd (ASX: MFF) share price is in focus after the company reported net profit after tax of $209.7 million for the half year to 31 December 2025 and lifted its fully franked interim dividend to 10 cents per share, up from 8 cents a year earlier.

What did MFF Capital Investments report?

• Total revenue and other income fell 44% to $308.9 million (Dec 2024: $551.8 million)
• Net profit after tax was down 45% to $209.7 million (Dec 2024: $381.5 million)
• Pre-tax net tangible assets (NTA) increased to $5.279 per share, up from $5.021 at 30 June 2025
• Post-tax NTA rose to $4.432 per share (30 June 2025: $4.167)
• Fully franked interim dividend declared at 10 cents per share, with intention to raise the next dividend to 11 cents
• Net assets up 7% to $2.61 billion over the half-year

What else do investors need to know?

MFF’s board flagged its intention to further increase the next six-monthly dividend payment to 11 cents per share, supported by healthy franking credit reserves. The company’s net assets at 31 December 2025 grew to $2.61 billion, reflecting steady capital appreciation despite a year of choppy global equity markets and a weaker US dollar impacting reported profits.

During the half, MFF made investments to become fully autonomous following the end of its long-term service arrangements with Magellan. The firm now operates with a team of 17 and has internalised all key operational and investment management functions, seeking long-term compounding for shareholders.

What’s next for MFF Capital Investments?

Looking ahead, MFF aims to deliver sustained growth in net tangible assets and dividends. The company is positioned for future growth, having completed the transition to operational independence and invested in expanding in-house capabilities. MFF states its focus remains on holding a concentrated portfolio of high-quality global companies and seeking enduring capital growth through disciplined, long-term investing.

MFF will continue to keep shareholders informed with regular NTA updates, noting that returns will reflect ongoing market volatility and currency movements. The next dividend uplift is flagged for the period to June 2026, backed by a substantial franking credit balance.

MFF Capital Investments share price snapshot

Over the past 12 moths, MFF Capital Investments shares have declined 1%, trailing the S&P/ASX 200 Index (ASX: XJO) which has risen 6% over the same period.

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The post MFF Capital Investments results: Profit falls but dividend rises for H1 FY26 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 no position in any of the stocks mentioned. The Motley Fool Australia has recommended Mff Capital Investments. 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.