Financials

Ryder Capital Limited (ASX:RYD) Announces Interim Financial Results

ClubAI 12:04 pm

Financial Performance

Ryder Capital Limited reported total investment income of $2.29 million for the half-year ended 31 December 2024, marking a 48.55% increase. The net profit after tax attributable to members rose by 50.37% to $1.23 million. The total comprehensive income surged by 312.07% to $13.02 million.

Dividend Declaration

The Board declared an interim dividend of 4.50 cents per share, fully franked at a 25% tax rate. The ex-dividend date is 24 February 2025, with payments scheduled for 19 March 2025. This follows a 5.00 cents per share dividend paid in September 2024.

Portfolio Performance

The Company’s portfolio achieved a gross return of 16.80% for the six months, significantly outperforming the ASX Small Ordinaries Accumulation Index, which returned 6.93%. Ryder maintained a cash exposure of 9.08% during the period.

Share Buyback

Ryder Capital continued its share buyback program, repurchasing 1.1 million shares for $1.3 million, reducing the issued capital to 81.5 million shares. The company aims to balance buybacks with holding cash for future investments.

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Motley Fool contributor Lianne Eastty 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 no position in any of the stocks mentioned. 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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