Platinum Capital Limited (ASX:PMC) Reports Full-Year Financial Decline and Announces Dividend
Financial Performance
Platinum Capital Limited (PMC) reported a 24% decrease in net profit after tax, falling to $9.7 million for the year ended 30 June 2025. Total revenue and other income also declined by 14% to $21.5 million.
Dividend Declaration
The company declared a fully franked final ordinary dividend of 3 cents per share, payable on 22 September 2025, resulting in a grossed-up yield of 6.5%.
Strategic Developments
Platinum Capital’s strategic review led to the suspension and reinstatement of the Dividend Reinvestment Plan and a shareholder-approved on-market buyback of up to 50% of issued share capital. An Extraordinary General Meeting is scheduled by 3 October 2025 to appoint new directors nominated by L1 Capital and Wilson Asset Management.
Investment Performance
The company achieved a pre-tax net tangible asset (NTA) return of 3.4%, trailing the MSCI All Country World Net Index’s 18.4%. The shares continue to trade at a discount to pre-tax NTA.
Motley Fool contributor Kiarra Jackson has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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