Challenger lifts HY profit to $339m, boosts dividend, unveils $150m buyback
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The news: Investment manager Challenger reported a statutory net profit of $339 million for the six months to December, up from $72 million a year earlier, citing positive asset experience with gains across all investment asset classes.
Funds under management (FUM) rose 3% to $116.2 billion, while normalised basic earnings per share increased 2% to 33.3 cents per share.
The group declared a fully franked interim dividend of 15.5 cents per share, up 7% on the prior year.
Challenger also said it intends to buyback up to $150 million of shares on-market as part of its disciplined capital management plan, subject to regulatory approval.
The group reaffirmed its FY26 guidance for normalised basic earnings per share of between 66 cents to 72 cents, and said it remains on track after delivering 33.3 cents in the first-half.
Our journalists are working to update this briefing. We will publish more shortly.
The source: ASX
