WCM Global Growth Posts $69.5M Profit, Raises Dividend to 2.06 Cents Fully Franked

Strong Financial Performance

WCM Global Growth Limited (ASX – WQG) has delivered a standout financial year for FY2025, reporting a net operating profit after tax of $69.5 million, up significantly from $45.3 million the previous year. This surge is largely driven by the impressive appreciation in the value of its investment portfolio, managed by WCM Investment Management, LLC.

The company’s pre-tax net tangible asset (NTA) per share rose 16.7% to $2.03, while the after-tax NTA per share increased 14.6% to $1.80. These gains were achieved even after distributing four quarterly dividends totaling 7.4 cents per share, underscoring the strength of the underlying portfolio.

Portfolio Outperformance and Long-Term Growth

WCM’s portfolio returned an impressive 31.00% for FY2025, outperforming its MSCI All-Country World Index (ex-Australia) benchmark by 12.41%. This marks a continuation of a consistent trend, with the portfolio delivering returns above the benchmark over one, three, and five-year periods, as well as since inception in June 2017.

Since its IPO, a $10,000 investment in WCM Global Growth has grown to nearly $34,600, reflecting a compound annual growth rate of 16.73% after fees. This long-term performance aligns closely with the broader WCM Quality Global Growth Strategy Composite, which has returned 14.79% annually since 2008.

Dividend Increases and Progressive Policy Upgrade

Reflecting its strong financial position and accumulated franking credits, the Board has increased the fully franked final dividend for FY2025 to 2.06 cents per share, up from the previously indicated 1.91 cents. This dividend will be paid on 30 September 2025, with a record date of 12 September.

Moreover, the company has revised upward its progressive quarterly dividend policy for FY2026, signaling confidence in sustained profitability. Quarterly dividends are forecast to rise incrementally from 2.09 cents in Q1 FY2026 to 2.24 cents by Q4 FY2026, all fully franked at a 30% tax rate.

Dividend Reinvestment Plan Incentives

WCM Global Growth continues to encourage shareholder participation in its Dividend Reinvestment Plan (DRP) by offering a 5% discount on new shares issued under the plan for the Q4 FY2025 final dividend. Notably, Associate Global Partners Limited is funding 2% of this discount as a one-time incentive, effectively reducing the cost to the company and enhancing the attractiveness of reinvestment for shareholders.

All Directors have committed to participate in the DRP, underscoring their confidence in the company’s prospects and alignment with shareholder interests.

Outlook

The Board expressed satisfaction with the company’s strong investment performance and reiterated confidence in the portfolio’s positioning for continued long-term growth. While future dividends remain subject to profit reserves and regulatory considerations, the upward revision of dividend guidance and shareholder incentives signal a positive trajectory for WCM Global Growth.