Bailador Technology Investments (ASX:BTI) Announces Half-Year 2025 Results
Financial Performance
Bailador Technology Investments Limited reported a net profit of $17.5 million for the six months ending 31 December 2024, down from $22.0 million in HY24. The post-tax net tangible asset per share increased by 5% to $1.67, or by 7% when including dividends paid in September 2024. The company’s portfolio generated $498 million in revenue, marking a 42% growth over the past year.
Dividend Declaration
Bailador declared an interim dividend of 3.7 cents per BTI share, fully franked, representing an annualised yield of 6.0% or 8.0% on a grossed-up basis. This dividend supports Bailador’s commitment to provide regular returns to shareholders, totaling 4.0% of pre-tax NTA per annum. The Dividend Reinvestment Plan (DRP) is available with a 2.5% discount.
Portfolio Highlights
Over the last twelve months, Bailador deployed $64 million across new and existing portfolio companies. The portfolio included a partial cash realisation of SiteMinder, generating $20 million at a 37.9% internal rate of return. Updoc achieved a 50% uplift in value after seven months.
Future Outlook
With net cash of $41 million as of December 2024, Bailador is well positioned to capitalize on additional investment opportunities.
Executive Comments
David Kirk, Bailador Co-Founder and Managing Partner, stated, “It’s been a solid start to FY25 for Bailador. Our dividend policy continues to provide regular returns to our shareholders to complement the capital growth that comes from our portfolio of private companies. Shareholders will enjoy a grossed-up annualised yield of 8.0% from our interim dividend and be secure in the knowledge that we hold cash and franking credits for dividend sustainability.”
Paul Wilson, Bailador Co-Founder and Managing Partner, said, “In the twelve months to December 2024, Bailador invested $64m in new and existing portfolio businesses. We are pleased to see our private portfolio well positioned for growth and in the case of Updoc, delivering a 50% uplift after only seven months.”
Motley Fool contributor Matt Burgess has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Bailador Technology Investments. The Motley Fool Australia has recommended Bailador Technology 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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