Sandon Capital Investments (SNC) H1 2026 earnings summary

Executive summary

• Net profit after tax for the half year ended 31 December 2025 was $4,239,115, down from $16,777,695 in the prior corresponding period.

• Total investment income was $7,934,038, a significant decrease from $22,967,531 year-over-year.

• The company paid fully franked dividends totaling 2.81 cents per share during the period and commenced a monthly dividend payment cycle.

• Net Tangible Assets (NTA) before tax per share was $0.9604, slightly up from $0.9598 at 30 June 2025.

• Six-month period return to shareholders was 4.0%, compared to 18.4% in the previous year.

Financial highlights

• Net realised gain on financial assets was $568,518, down from $2,061,266 year-over-year.

• Net unrealised loss on financial assets was $1,518,057, compared to a gain of $13,418,925 in the prior period.

• Other revenue, including dividends and distributions, increased to $8,883,577 from $7,487,340.

• Basic and diluted profit per share was 2.91 cents, down from 11.73 cents per share.

• Total expenses rose to $3,747,504 from $2,979,500 year-over-year.

Outlook and guidance

• Directors intend to continue monthly fully franked dividends of 0.47 cents per share for January to March 2026, subject to quarterly board approval.

• Ongoing payment of monthly dividends is subject to quarterly approval by the Board.