Highlights

• FY26 profit rose 6.1% to AU$41.18 million.
• Fully franked ordinary dividends totalled AU$1.20 per share.
• Weakness in EVT weighed on Carlton’s investment returns.

Annual Report Details the Results

Carlton Investments Limited (ASX: CIN) published its FY26 annual report today, 24 September 2026, following its preliminary results announcement on 18 August 2026. The shares traded at AU$35.430 after a 2% gain. Carlton reported FY26 profit of AU$41.18 million for the year to 30 June, up from AU$38.81 million in FY25.

Investment Income Lifts Earnings

Dividends and distributions received grew 7.5% to AU$43.40 million, compared to AU$40.39 million a year earlier. That included AU$12.32 million in fully franked dividends from EVT Limited, Carlton’s largest holding. Earnings per ordinary share increased to AU$1.561 from AU$1.468.

Interest income decreased to AU$0.72 million from AU$1.22 million, reflecting lower average deposit rates and smaller average term deposits. The management expense ratio remained at 0.08%.

Shareholder Dividends Increase

Carlton declared fully franked ordinary dividends totalling AU$1.20 per share for FY26, a 6.2% increase. The total included a 47-cent interim dividend, a 71-cent final dividend and a 2-cent special dividend. The final and special payments were made on 21 September.

Portfolio Returns Tell a Different Story

Carlton’s equity investments were valued at AU$1.19 billion on 30 June 2026, compared to AU$1.26 billion a year earlier. Adjusted for purchases and disposals, the portfolio’s fair value fell 6.2%. EVT’s value declined 22.6%, while the remaining holdings gained 4.9%.

Net tangible asset backing before a provision for tax on unrealised gains was AU$45.82 per ordinary share, compared to AU$48.39 at the previous year-end. Carlton recorded a negative 3.2% total portfolio return, while the S&P/ASX 200 Accumulation Index gained 6.1%.

Outlook

Carlton expects Australian shares to remain volatile as domestic and global developments influence valuations. The board also expects interest rates to stay elevated while inflation remains outside the Reserve Bank of Australia’s target range. Management intends to continue buying income-producing listed companies selectively and holding investments for the long term. For shareholders, the next test is whether dividend income can keep supporting earnings if EVT’s valuation remains under pressure. Changes in portfolio value and net tangible asset backing will provide a clearer indication of that balance.

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

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