AFIC lifts FY26 profit 3%, holds dividend as total return lags ASX 200
AI Market Summary
AFIC reported a 3% rise in FY26 net profit to A$293.5m and held the full-year dividend at 31.5c per share, adding a 2.5c special dividend. However, total portfolio return was only 0.9% (incl. franking), materially lagging the ASX 200's 7.2% gain, with NTA per share falling and the stock down 8% over the year—highlighting underperformance risk in Australian equities.
Impact level
● Low
Affected assets
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● Neutral
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Australian Foundation Investment Company (AFIC, ASX: AFI) reported a 3% rise in FY26 net profit to A$293.5 million, but its portfolio delivered a total return of just 0.9% including franking credits, well behind the ASX 200's 7.2% gain.
Net tangible assets (NTA) per share fell to A$7.93 from A$8.33. AFIC's share price is down 8% over the year, materially underperforming the broader market.
The company kept its full-year dividend unchanged at 31.5 cents per share and declared a special dividend of 2.5 cents per share.
