WCM Global Growth (WQG) H2 2025 earnings summary

Executive summary

• Net operating profit after tax for FY2025 was $69.5M, up from $45.3M in FY2024, driven by portfolio value growth and strong investment performance.

• Portfolio return for FY2025 was 31.00%, outperforming the MSCI ACWI (ex-Australia) by 12.41%.

• Since inception in June 2017, the portfolio has delivered 16.73% annualized returns after fees, exceeding the benchmark.

Financial highlights

• Pre-tax NTA per share rose 16.7% to $2.03; after-tax NTA per share increased 14.6% to $1.80 as of 30 June 2025.

• Four quarterly dividends totaling 7.4 cps were paid during FY2025.

Outlook and guidance

• Board expresses confidence in continued long-term portfolio growth and maintains a positive investment outlook.

• Future quarterly dividends are expected to increase, with guidance for FY2026 dividends ranging from 2.09 to 2.24 cps per quarter, fully franked.