MFF Capital Investments Limited (ASX:MFF) Reports Strong Half-Year Profit
MFF Capital Investments Limited (“MFF”) has reported a robust financial performance for the half year ended 31 December 2024, highlighting a net profit after tax of $381.5 million. This marks a significant increase of 161% compared to $145.97 million reported for the same period in the prior year.
Financial Performance
The company’s total net investment income surged 146% to $551.8 million, up from $224.0 million year-on-year. MFF’s profit before income tax also experienced a notable increase of 161% to $544.9 million compared to $208.5 million in 2023. Basic earnings per share rose to 65.72 cents, compared to 25.24 cents in the prior year.
Net assets increased to $2.424 billion as at 31 December 2024, up from $2.071 billion as at 30 June 2024. The pre-tax net tangible assets (NTA) per ordinary share rose to $5.083, reflecting a strong financial position.
Dividend Declaration
On 30 January 2025, the Board declared a fully franked interim dividend of 8.0 cents per ordinary share, compared to 6.0 cents for the same period last year. The dividend will be paid on 14 May 2025, with the ex-dividend date set for 22 April 2025. The total proposed interim dividend amounts to $46.6 million based on the number of ordinary shares on issue at 31 December 2024.
Strategic Outlook
The company remains focused on delivering value to its shareholders through disciplined investment strategies, while maintaining healthy cash reserves for future opportunities.
Further details and insights into MFF’s financial results are available in the Interim Report filed with the Australian Securities Exchange.
Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Mff Capital Investments. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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