Imperial Pacific Boosts Net Assets to $12.7M, Pays 7c Fully Franked Dividend
Imperial Pacific reports a robust 17% increase in portfolio value for the half year ending December 2025, driven by gains in London City’s holdings and the strategic liquidation of Excelsior Capital. The company also paid a fully franked 7 cent dividend, signalling confidence despite pending audit reviews.
- 17% portfolio value growth for half year to December 2025
- Net assets rise to $12.7 million, net assets per share up to $2.33
- Excelsior Capital liquidation expected to yield significant dividends and capital returns
- Fully franked dividend of 7.0 cents per share paid in October
- Results unaudited, with performance fee assessment due in June
Strong Portfolio Growth
Imperial Pacific has revealed a notable 17% increase in the value of its investment portfolio for the half year ending 31 December 2025. This growth was largely fuelled by the impressive performance of London City’s portfolio, a key holding within Imperial Pacific’s broader investment strategy. The company’s net assets climbed to $12.7 million, lifting net assets per share to $2.33, up from $1.92 a year earlier.
Impact of Excelsior Capital Liquidation
A significant development underpinning this growth is the announced liquidation of Excelsior Capital, in which Imperial Pacific holds a 2% stake and London City owns 9%. The liquidation follows London City’s decision to withdraw its Federal Court action against Excelsior, leading to an internally managed wind-up by Excelsior’s board. This process is expected to deliver a substantial dividend and capital return, although these transactions are not yet reflected in the half year results.
Dividend and Financial Position
Imperial Pacific paid a fully franked dividend of 7.0 cents per share on 16 October 2025, underscoring the company’s commitment to returning value to shareholders. The half year figures remain unaudited and have been submitted to HLB Mann Judd for review. The company also accrued a modest performance fee, which will be reassessed in June, adding a layer of cautious optimism to the outlook.
Looking Ahead
While the half year report provides a snapshot as of 31 December, it does not yet capture the full financial impact of the Excelsior Capital liquidation or the associated franking credits. Investors will be watching closely for updates on these developments, as well as the final audited results and performance fee outcomes. Imperial Pacific’s strategic moves and portfolio management appear to be positioning the company well for the remainder of the financial year.
Bottom Line?
Imperial Pacific’s strong half year sets the stage for potentially significant returns as liquidation proceeds crystallise.
Questions in the middle?
- How will the final audited results adjust the current unaudited figures?
- What is the expected timing and size of dividends from Excelsior Capital’s liquidation?
- How might the performance fee assessment in June affect Imperial Pacific’s profitability?
