Highlights

• The DUI merger materially expanded Australian United Investment’s asset base and introduced greater international market exposure.
• Underlying earnings improved during FY26, while a sizeable acquisition-related gain lifted reported profit substantially.
• Portfolio returns exceeded the S&P/ASX 200 Accumulation Index, alongside higher pre-tax NTA backing per share.

FY26 Performance Reflects Merger Impact

Australian United Investment Company Limited (ASX: AUI) reported its FY26 financial results on 20 August 2026 for the year ended 30 June 2026. A major feature of the period was the completion of its combination with Diversified United Investment Limited on 30 April 2026, significantly increasing the scale and diversification of the investment portfolio.

Statutory profit after tax reached AU$220.4 million, compared to AU$49.9 million in FY25. The result was boosted by an AU$159.9 million acquisition gain generated through the DUI transaction. After removing special income and non-recurring items, profit rose 19.9% to AU$59.3 million, compared to AU$49.5 million a year earlier.

Portfolio Scale Expands After Combination

Following the merger, the combined portfolio carried a market value of approximately AU$3.1 billion as at the report date. International equities accounted for 10.5% of investments, reflecting the broader asset mix inherited through DUI. AUI’s revised strategy now allows international holdings to generally represent between 10% and 20% of the overall portfolio. Australian equities remained the largest component at AU$2,698.8 million, while overseas investments were valued at AU$321.5 million.

NTA Performance Outpaces Benchmark

AUI recorded a 9.5% increase in pre-tax NTA accumulation performance during FY26, compared to a 6.1% gain for the S&P/ASX 200 Accumulation Index. Pre-tax NTA backing advanced to AU$13.75 per share from AU$12.98 in FY25.

Shareholder Distributions Maintained

AUI declared a 20.0-cent-per-share fully franked ordinary final dividend, accompanied by an 8.0-cent fully franked special dividend. Both payments were paid on 18 September 2026. Looking ahead, management expects underlying earnings to remain broadly steady, although income per share may moderate as several FY26 one-off benefits are not expected to repeat.

Note- All data presented is based on information available at the time of writing.

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