WAM Active Limited (ASX:WAA) Reports Strong Half-Year Financials
Financial Performance
WAM Active Limited reported a 73.2% increase in revenue for the half year ended 31 December 2024, reaching $10,839,491. Profit before tax rose by 34.9% to $7,614,550, while net profit after tax increased by 33.2% to $5,375,586. The investment portfolio grew by 17.5%, outperforming the S&P/ASX All Ordinaries Accumulation Index by 10.6%.
Dividend Declaration
The company declared a fully franked interim dividend of 3.0 cents per share, payable on 30 April 2025, with an ex-dividend date of 14 April 2025. A final dividend of 3.0 cents per share was also declared for the period.
Keybridge Capital Update
WAM Active is pursuing recovery of approximately $5 million from Keybridge Capital for legal costs from past litigation. The Supreme Court of New South Wales allowed WAM Active to seek funds transferred without shareholder approval to an Italian entity. The Board will continue to monitor and update investors as the situation progresses.
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 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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