MFF Capital Investments (MFF) H1 2026 earnings summary

Executive summary

• Net profit after tax for the half year ended 31 December 2025 was $209.7 million, reflecting continued profitability and capital growth.

• The Board declared a 10 cents per share fully franked interim dividend and intends to increase the six-monthly dividend to 11 cents per share for the period ending 30 June 2026.

• The company completed its transition to full operational autonomy, ending its long-standing services relationship with Magellan and expanding its team to 17 full-time employees.

• Acquisition of Montaka Global Investments in February 2025 broadened investment capabilities and marked the evolution to a larger investment group.

Financial highlights

• Pre-tax profit for the half year was $296.7 million, down from $544.9 million in the prior corresponding period.

• Net profit after tax was $209.7 million, compared to $381.5 million for the same period last year.

• Basic earnings per share were 35.73 cents, down from 65.72 cents year-over-year.

• Pre-tax NTA per share increased to $5.264 from $5.015 at 30 June 2025; post-tax NTA per share rose to $4.380 from $4.149.

• Dividends paid during the half year totaled $49.5 million (9.0 cents per share), with a further $58.9 million (10.0 cents per share) declared for payment in May 2026.

Outlook and guidance

• The Board intends to increase the six-monthly dividend to 11 cents per share for the period ending 30 June 2026, subject to regulatory and corporate considerations.

• Management remains optimistic about long-term compound growth but acknowledges the inevitability of periodic economic and market downturns.

• No detailed forward-looking financial guidance provided due to market and currency volatility.