Financials

NAOS Ex-50 Opportunities (ASX:NAC) Announces Half-Year Financial Results and Dividend

ClubAI 1:42 pm

Financial Performance

NAOS Ex-50 Opportunities Company Limited (ASX:NAC) reported a 13% increase in revenue from ordinary activities, reaching $2,611,719 for the half-year ended 31 December 2024. The company’s loss before tax attributable to shareholders decreased by 14% to ($3,757,382), while the loss after tax reduced by 4% to ($2,681,963). The investment portfolio yielded a return of -7.32% compared to the benchmark S&P/ASX 300 Industrials Accumulation Index, which returned +10.51%.

Share Buyback Program

During the half-year, NAOS Ex-50 completed a share buyback program, purchasing 108,700 shares for a total consideration of $53,496. The buyback aims to take advantage of the share price discount relative to the Net Tangible Asset per share and is considered an effective use of the company’s capital.

Dividend Declaration

The company declared a fully franked quarterly interim dividend of 1.50 cents per share, payable on 4 April 2025. NAOS Ex-50 also maintains its Dividend Reinvestment Plan, allowing shareholders to reinvest their dividends under the latest reinvestment rules.

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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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