Soul Patts posts 604% jump in 1H profit, hikes interim dividend
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The news: Soul Patts has posted a surge in net profit after tax for the first half of FY26 off the back of its merger with Brickworks, the sell down of Tuas and Aeris, and a realised gain from the sale of Apex Healthcare.
The numbers: The company’s statutory net profit after tax rose 604% year on year to $2.3 billion but underlying NPAT was up 6% to $304 million.
The board declared an interim dividend of 48 cents per share, 9.1% higher than the prior corresponding period.
The context: The investment company’s underlying NPAT was driven by trading gains and contribution of the Brickworks merger, but this was partially offset by accounting profits from New Hope and lower contributions from investments in private companies and credit asset classes.
What they said: Managing director and CEO Todd Barlow said the result reflected a “landmark period of portfolio transformation, increased activity and value creation”.
The source: ASX
