The WAM Capital Ltd (ASX: WAM) share price is in focus today after the company reported half-year profit of $24.1 million, an 83.9% decrease from the prior period, and declared an interim dividend of 7.75 cents per share, partially franked at 60%.
What did WAM Capital report?
- Revenue: $43.5 million, down 82.3% from the prior half
- Net profit after tax (NPAT): $24.1 million, down 83.9%
- Profit before tax: $30.2 million, down 85.5%
- Interim dividend: 7.75 cents per share, 60% franked, payable 29 May 2026
- Net tangible asset backing (after tax) per share: $1.61 (down from $1.68)
- Total shareholder return: 22.6% including franking credits for the half-year
What else do investors need to know?
WAM Capital’s investment portfolio gained 2.0% over the half, trailing the S&P/ASX All Ordinaries Accumulation Index return of 4.4% and the Small Ordinaries’ 17.4%. The value of the portfolio increased by $40.5 million, with returns weighed down compared to last year’s stronger performance.
The board confirmed the company’s fully franked dividend focus. Shareholders will receive the interim dividend with eligible participants able to access the dividend reinvestment plan at a 2.5% discount to the prevailing market price.
What’s next for WAM Capital?
Looking ahead, WAM Capital aims to preserve capital while continuing to pay steady dividends to shareholders. The level of franking on future dividends depends on tax paid on realised profits, while ongoing performance will be shaped by broader market cycles, the investment manager’s strategy, and economic conditions.
Management says it remains focused on supporting capital growth and maintaining a strong risk and governance framework, leveraging the depth of its investment team. Investors should consider the company’s focus on small-to-medium ASX-listed businesses and the ongoing volatility in equity markets.
WAM Capital share price snapshot
Over the past 12 months, WAM Capital shares have risen 7%, trailing the S&P/ASX 200 Index (ASX: XJO) which has risen 11% over the same period.
The post WAM Capital earnings: Dividend steady as half-year profit falls appeared first on The Motley Fool Australia.
Should you invest $1,000 in WAM Capital Limited right now?
Before you buy WAM Capital Limited shares, consider this:
Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and WAM Capital Limited wasn’t one of them.
The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*
And right now, Scott thinks there are 5 stocks that may be better buys…
* Returns as of 20 Feb 2026
.custom-cta-button p {
margin-bottom: 0 !important;
}
More reading
- TPG Telecom FY25 earnings: Mobile subscribers drive profit growth
- Virgin Australia posts 1HFY26 earnings
- Coles Group shares: Profit jumps, Supermarkets excel
- Block Q4 2025 earnings: Profit jumps as AI transformation begins
- PEXA Group posts 1H FY26 earnings
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 no position in any of the stocks mentioned. 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.