Hearts and Minds Investments Limited (ASX:HM1) Announces Half-Year Results
Financial Performance
Hearts and Minds Investments Limited reported a total comprehensive income after tax of $115.3 million for the half year ended 31 December 2024, up 727% from $13.9 million in the previous year. The company’s total net investment income surged by 429% to $137.5 million, driven by realised gains and increased market value of core portfolio holdings. Net tangible assets per ordinary share rose to $3.47 from $2.94, reflecting a 13.8% increase post-dividend payment.
Dividends
The Directors have declared a half-year fully franked dividend of 8.0 cents per share, payable on 17 April 2025. Shareholders can opt to reinvest their dividends through the Dividend Reinvestment Plan (DRP), which allows participation at the DRP issue price based on the market price of acquired shares.
Donations
In line with its philanthropic objectives, the Company donated $4.5 million to Australian medical research organisations in the half year ended 31 December 2024 and has accrued an additional $5.6 million. These donations support the development of new medicines and treatments, fostering a new generation of medical research in Australia.
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 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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