Rivco Australia (RIV) Q3 2025 TU earnings summary

Executive summary

• Shareholders approved a name change to Rivco Australia Limited, effective 15 October 2025, marking a milestone in the transition to a fully internalised business.

• Internalisation progressed with new branding, IT systems, and office relocation set for November.

• Strategy for 2026+ focuses on earnings stability, dividend frameworks, and capital management.

Financial highlights

• Pre-tax NAV at 30 September 2025 was $1.86 per share, up 2 cps for the quarter; post-tax NAV was $1.67 per share, also up 2 cps.

• Market cap stood at $239 million with 155.6 million shares on issue.

• Gross dividend yield for FY2025 was 6.9%; unfranked yield for non-residents was 4.8%.

• 17th consecutive and increasing fully franked dividend declared (3.72 cps), payable 31 October 2025.

• Receipts from customers rose to $2.8 million for the quarter, with net operating cashflows improving to $735k.

Outlook and guidance

• Focus remains on enhancing and stabilising earnings, refining dividend frameworks, and strengthening debt and capital management.

• Ongoing updates on internalisation and future strategy are planned.