Argo Global Listed Infrastructure (ALI) H2 2025 earnings summary

Executive summary

• Investment income surged 269% year-over-year to $83.2 million, driven by strong realised and unrealised gains on financial assets.

• Net profit after tax rose to $52.2 million from $12.8 million, with basic EPS increasing to 29.4 cents from 7.2 cents.

• Final fully franked dividend of 5.5 cents declared, bringing total FY25 dividends to 9.5 cents per share.

Financial highlights

• Realised net gains on financial assets were $50.6 million, up from $10.3 million year-over-year.

• Unrealised net change in fair value of financial assets was $16.1 million, compared to a $2.6 million loss last year.

• Net tangible asset (NTA) per share after tax increased to $2.61 from $2.37 year-over-year.

• Total assets grew to $476.1 million from $422.5 million.

Outlook and guidance

• Directors reaffirm commitment to maximising after-tax returns and maintaining a diversified global infrastructure portfolio.

• Dividend Reinvestment Plan and Dividend Substitution Share Plan will continue for the final dividend.