Soul Patts flags uptick in full-year net asset value, dividend
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The news: Investment house Washington H Soul Pattinson said it expects its pre-tax net asset value for the 2025 financial year to be between $12.18 billion and $12.68 billion, up 5.3% at the midpoint from last year's total of $11.8 billion, according to unaudited figures released this morning.
The numbers: Soul Patts will also pay a final dividend of 59 cents per share, taking total dividends for the year to $1.03 cents per share. This is up from 55 cents per share a year earlier.
The company expects net cash flow from investments to come to between $485 million and $535 million, up 4.9% at the midpoint from $486 million in FY24.
The context: Earlier this month, Soul Patts confirmed that its proposed merger with building products group Brickworks is now fully funded after receiving additional commitments of $220 million for the combined entity.
What they said: "We are confident that our diversified portfolio - and recent focus on private credit and private equity - can continue generating long-term capital and income growth, with a robust liquidity position supporting new investment opportunities," said Soul Patts managing director and CEO Todd Barlow.
The source: ASX
