Sandon Capital Investments (SNC) H2 2024 earnings summary

Executive summary

• Achieved a 19.9% gross investment return for the 12 months to 30 June 2024, significantly outperforming key market indices.

• Net profit after tax (NPAT) rose to $14.36 million for the year.

• Total shareholder return reached 20.2% over the period.

Financial highlights

• Gross investment return of 19.9% compared to 12.5% for the All Ordinaries Accumulation Index and 9.3% for the Small Ordinaries Accumulation Index.

• NPAT increased to $14.36 million for FY2024.

• Fully franked final dividend of 2.75 cents per share declared.

• Shares offer a fully franked dividend yield of 7.4% (9.9% including franking credits).

Outlook and guidance

• Investment approach remains focused on patience and a permanent capital base to capture value as catalysts materialize.

• July 2024 delivered an additional 11.5% gross portfolio return following positive portfolio company developments.

• Ongoing market volatility and uncertainty seen as opportunities for future investment.