Yesterday, WAM Income Maximiser Ltd (ASX: WMX) announced it raised $172.4 million via its Entitlement Offer, Top-Up Facility, Shortfall Offer and placement, growing assets to about $500 million – a 50% increase in less than 18 months since listing.

What did WAM Income Maximiser report?

• $172.4 million total raised through Entitlement Offer, Top-Up Facility, Shortfall Offer, and placement
• $78.5 million raised from Entitlement Offer and Top-Up Facility
• Approximate assets now at $500 million, up more than 50% since April 2025 listing
• 62% of capital raised taken up by existing shareholders
• Monthly fully franked dividends declared for September–December 2026, yielding 7.1% on average NTA

What else do investors need to know?

The bulk of the capital raising was strongly supported by existing WAM Income Maximiser shareholders, who took up more than half of the available offer. The remaining shares, including those from the Shortfall Offer, were placed primarily with investors participating in the bookbuild process, on the same terms as the Entitlement Offer.

The new shares issued under the various offers are expected to commence trading on the ASX from 31 August 2026. According to management, the increased scale should boost market relevance, improve liquidity, lower the company’s fixed expense ratio, and potentially lead to more broker and research coverage.

What did WAM Income Maximiser management say?

Chairman Geoff Wilson AO said:

The Board and I thank shareholders for their strong support of the Entitlement Offer with demand significantly exceeding capacity. Following completion of the Offer, WAM Income Maximiser’s assets will increase by more than 50% to approximately $500 million less than 18 months after listing. I am pleased to have taken up my full entitlement.

What’s next for WAM Income Maximiser?

WAM Income Maximiser plans to put the new funds to work by investing in high-quality Australian companies and corporate debt, aiming to deliver reliable monthly franked dividends with capital growth. Management believes the enlarged portfolio will help meet its ongoing goal of better income returns, with declared monthly dividends for the four months to December 2026.

The company’s increased size may also mean greater interest from brokers, research houses, and financial advisers, helping to further enhance market relevance.

WAM Income Maximiser share price snapshot

Over the past 12 months, WAM Income Maximiser shares have risen 4%, outperforming the All Ordinaries Index (ASX: XAO), which is flat over the same period.

View Original Announcement

The post WAM Income Maximiser grows assets 50% after $172m raise, declares dividends appeared first on The Motley Fool Australia.

More reading

• WAM Income Maximiser launches $125m entitlement offer and outlines dividend yield
• These ASX dividend funds have been quietly increasing their payouts
• How much do I need in superannuation to receive $10,000 per month in passive income?
• WAM Income Maximiser enters trading halt pending fundraising move

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.

The age of 50 is a great time to check in on your superannuation balance, see if you’re on track for a comfortable retirement, and implement strategies to catch up if needed.

Unfortunately, the figures show that the average person has less superannuation at age 50 than they need to achieve a comfortable retirement by age 67.

The way this is calculated is by using figures supplied by the Association of Superannuation Funds of Australia (ASFA), which has calculated estimates of how much superannuation people have, and comparing them against the amounts which ASFA says is needed to be on track.

So how much superannuation do people generally have at age 50?

The ASFA figures indicate that men aged 50-54 have on average $254,071 in their superannuation, while women of the same age have $190,175.

So how much should people who are 50 have in their superannuation to be on track for a comfortable retirement?

ASFA also has a Super Detective calculator, where you can input your age and discover what your superannuation balance should ideally be.

For people aged 50 it comes out as $313,500, well above the average figures.

Keep in mind this is targeting a comfortable retirement as defined by ASFA, which involves retiring at 67, owning your own home and drawing a part pension.

It assumes singles will have $630,000 in their superannuation, which in combination with the part pension will deliver an income stream of $55,923 per year.

A comfortable retirement by ASFA’s definition includes the ability to afford top level private health cover, to own and maintain a reasonable car and to enjoy regular leisure activities and occasional travel.

What if your balance is coming up short?

Extra contributions can be made to superannuation in the form of concessional and non-concessional contributions.

Concessional contributions are taxed at just 15% and include money contributed by your employer, salary sacrifice contributions, and extra contributions you make up to a cap of $32,500.

If funds permit and your superannuation balance is less than $500,000 in the last financial year, you can also carry forward any unused concessional contribution cap amounts from the previous five financial years.

The amount you are able to contribute in this way can be found in your myGov account.

A notice of intent to claim must be lodged with your super fund for concessional contributions so they know to deduct the 15% tax from the amount.

It is also possible to make non-concessional contributions up to $130,000 and to contribute more than this amount using the bring-forward rule.  

The post The average superannuation balance for 50-year-olds in Australia in FY27. How does yours compare? appeared first on The Motley Fool Australia.

More reading

• Here are the top 10 ASX 200 shares today
• 5 things to watch on the ASX 200 on Monday
• ASX 200 healthcare shares soar 9% amid notable FY26 reports from CSL, Pro Medicus
• Here are the top 10 ASX 200 shares today
• 5 things to watch on the ASX 200 on Friday

Motley Fool contributor Cameron England 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.

Yesterday, Supply Network Ltd (ASX: SNL) reported that, for the year ended 30 June 2026, revenue had increased 15.4% to $403.7 million, while net profit after tax was 19.0% higher at $47.6 million.

What did Supply Network report?

• Revenue rose 15.4% to $403.7 million.
• Net profit after tax up 19.0% to $47.6 million.
• Basic earnings per share of 109.0 cents, up from 92.9 cents last year.
• Final fully franked dividend of 44.0 cents per share, taking total FY26 dividends to 80.0 cents (up 10.0 cents).
• Net tangible asset backing per share increased to $3.67 (from $3.18).
• EBITDA was $81.1 million (up 17.9%).

What else do investors need to know?

Supply Network, trading under the Multispares brand, saw strong growth across both Australia and New Zealand. Sales revenue in Australia grew by 17.2%, while New Zealand operations recorded a 12.2% uplift in local currency terms. Growth was “broadly based across geographies, customer segments, vehicle models and product groups.”

The group completed major IT upgrades, including a new ERP system and sales interface, aiming for future productivity improvements. Investments were also made in New Zealand, with a new North Auckland branch and expanded Hamilton distribution centre, bringing the country’s network closer in line with Australia.

On the safety front, the company reported tangible progress in reducing workplace risks, especially around manual handling and traffic management, supported by new warehouse systems and training.

What did Supply Network management say?

Managing Director Geoffrey David Huston Stewart commented:

Where there is disruption there is also opportunity and we are pleased to report that Multispares has continued adding new customers and expanding business with established customers throughout the second half. Furthermore, revenue growth remained broadly based across geographies, customer segments, vehicle models and product group.

What’s next for Supply Network?

Looking ahead to FY2027, Supply Network is targeting another $50 million in revenue growth, supported by ongoing network expansion and system improvements. Major projects include footprint expansions in key Australian cities such as Eagle Farm, Canberra, Toowoomba, and Kwinana, as well as the development of a new branch in Sydney’s Penrith region.

The company is also deepening integration between its Australian and New Zealand teams. With significant branch network growth in the pipeline and modernised IT systems, the board remains confident in the group’s ability to tap new opportunities and deliver for shareholders.

Supply Network share price snapshot

Over the past 12 months, Supply Network shares have declined 16%, trailing the All Ordinaries Index (ASX: XAO), which has risen 1% over the same period.

View Original Announcement

The post Supply Network profit jumps 19% as dividend rises: FY26 results appeared first on The Motley Fool Australia.

More reading

• 2 unglamorous ASX shares that could rerate sharply

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 Supply Network Ltd. The Motley Fool Australia has recommended Supply Network Ltd. 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.