Latest Net Tangible Assets News

Katana Capital Limited (ASX:KAT) delivered a 17.98% gross investment return in FY2026, beating the All Ordinaries by 15.55 percentage points as its portfolio benefited from defence, infrastructure, resources and technology exposures. Net profit rose to $3.808 million, while the listed investment company entered FY2027 with elevated cash and a deliberately cautious stance on banks.

Clover Corporation has delivered record FY26 revenue of $97.4 million and a 50% lift in attributable profit, while raising its fully franked final dividend to 1.25 cents per share. The result comes alongside a planned chair transition, with Ian Glasson set to replace retiring chair Rupert Harrington after the 2026 AGM.

Cadence Capital delivered a sharply stronger FY2026, with profit after tax rising to $33.4 million and its portfolio returning 20.1% against the All Ordinaries Accumulation Index. The listed investment company also moved decisively away from gold and resources, ending the year with $153.5 million in cash and a further 1.0 cent fully franked special dividend on the way.

Cadence Opportunities Fund has raised $5.7 million through a strongly supported share purchase plan and placement, increasing the company’s net tangible assets by 17%. The new shares will also qualify for upcoming fully franked dividends.

FFI Holdings lifted underlying pre-tax profit 6.8% to $4.62 million in FY2026, while food manufacturing delivered stronger earnings and operating cash flow rebounded sharply. The ASX-listed group now plans a $5.1 million factory and warehouse development in Cockburn, funded from existing resources.

Abacus Group will sell its entire 19.60% interest in Storage King Group for $284.8 million, using the proceeds to repay debt and reduce gearing to about 30%. The transaction simplifies the group’s structure, but part of the sale still requires securityholder approval.

Fat Prophets Global Contrarian Fund lifted net tangible assets per share to $1.5713 and declared a 3.0 cent final dividend, even as annual profit fell to $5.183 million. The fund also raised $5.377 million through a rights issue while maintaining a concentrated portfolio with investments worth 103% of net assets.

Argo Investments delivered an 8.7% portfolio return and record fully franked dividends in FY2026, while flagging a shift to quarterly distributions from January. The listed investment company intends to pay 40 cents per share across its first four quarterly dividends, subject to Board declarations.

Cadence Opportunities Fund Limited (ASX:CDO) delivered a record $5.66 million after-tax profit and a 30.3% fund return in FY2026. The listed investment company is entering the new year with elevated cash, reduced gold exposure and a discounted share purchase plan underway.

Pengana International Equities has settled Supreme Court proceedings and agreed steps aimed at ending a related Takeovers Panel application, clearing a path for its buy-back and strategic reset. Antipodes will manage the portfolio under a new Board led by interim chairman Frank Gooch after the transaction.

AnteoTech expects to increase its unaudited FY2026 loss to $5.38 million after revising the accounting treatment of a lease make-good provision. The adjustment is non-cash, leaving cash and cash flows unchanged, but the audit is still incomplete and the figures may change again.

Regal Asian Investments delivered a 3.2% net portfolio return in August, lifting its 12-month performance to 36.4% despite continued volatility across Asian equities. The listed investment company’s shares ended the month at a 14.3% discount to post-tax NTA, while its buy-back and fully franked dividend continued.