WCM Global Growth Limited (ASX:WQG) Announces H1 FY2025 Results and Dividend Increase
Financial Performance
WCM Global Growth Limited (ASX:WQG) reported a net operating profit after tax of $47.09 million for H1 FY2025, a substantial increase from $8.95 million in the previous year. The pre-tax net tangible asset per share rose from $1.74 to $1.93.
Capital Raising and Share Placement
In November 2024, the Company successfully raised approximately $76.7 million through a share placement and Share Purchase Plan, issuing around 49.2 million new shares.
Dividend Declaration
The Board announced an increased fully franked interim dividend of 1.87 cents per share for Q2 FY2025, payable on 31 March 2025. Future quarterly dividends are projected to rise incrementally through March 2026.
Portfolio Performance
The investment portfolio delivered a 21.28% return in H1 FY2025, outperforming the MSCI All-Country World ex Australia Index. Since inception, the portfolio has achieved an annual return of 16.72%.
Outlook
The Board is pleased with the strong investment performance and the successful capital raising efforts, which increased total assets to $437 million and the shareholder base by 16% to over 4,600.
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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