Soul Patts FY26 Post-Tax NAV $14.5b; Div 63cps

Washington H. Soul Pattinson and Company Limited (ASX:SOL) has released FY26 results for the year ended 31 July 2026, reporting higher net asset value, cash flow from investments and a larger final dividend.

Post-tax Net Asset Value was $14.5 billion (FY25: $11.0 billion), up 31.4%, or 27.2% on a per share basis. Pre-tax NAV was $13.7 billion, up 10.4%, delivering a return of 10.2% against the ASX200 Total Return Index of 6.0%. Net Cash Flow From Investments rose 11.5% to $572 million (8.3% on a per share basis). Group Statutory NPAT was $2,191 million, up 501.9% from $364 million, driven by operating NPAT of $319 million, portfolio gains of $343 million and non-recurring items of $1.5 billion, including a $1.3 billion day one accounting gain and tax cost base reset from the Brickworks merger, partly offset by $221 million in impairment, restructuring and other non-recurring costs. The Board determined a fully franked final dividend of 63 cents per share, up 6.8%, marking a 28th consecutive year of dividend growth. FY26 Total Shareholder Return was 16.8%, outperforming the ASX200 Total Return Index by 10.8%. Available liquidity ended at $3.8 billion, including $2.7 billion in cash and liquid investments, aided by $1.9 billion net proceeds from the June 2026 industrial property joint venture divestment with Goodman Group.

FY27 market conditions are expected to remain uncertain, particularly around interest rates and bond yields. The release does not give FY27 earnings guidance.