WAM Active Reports Record Investment Portfolio Outperformance and Dividend Increase
Source: Kapitales Research
Key Highlights:
WAM Active's investment portfolio outperformed key market indices, increasing by 41.4% in the 12 months to 31 December 2025.
The company declared a fully franked interim dividend of 3.2 cents per share, as well as a special fully franked dividend of 1.0 cent per share.
WAM Active continues to benefit from a dynamic approach to portfolio construction, capitalising on opportunities in the market.
Outstanding Portfolio Performance
WAM Active Limited (ASX: WAA) has reported a significant increase in the performance of its investment portfolio, achieving a 41.4% return in the 12 months to 31 December 2025. The company also posted a 31.4% return for the six-month period to the same date. These results come as a direct consequence of the company’s strategic stock selections and the advantages gained from dynamic portfolio adjustments.
The company’s investment portfolio has significantly outperformed both the Bloomberg AusBond Bank Bill Index (Cash) and the S&P/ASX All Ordinaries Accumulation Index over the past 12 and 6 months. The portfolio outperformed the Bloomberg AusBond index by 37.4% and 29.6%, respectively, and outperformed the S&P/ASX All Ordinaries Index by 30.8% and 27.0%, respectively.
Dividend Increase
The strong portfolio performance has enabled WAM Active to increase its fully franked interim dividend to 3.2 cents per share, with an additional special dividend of 1.0 cents per share. The dividend increase reflects an annualised fully franked interim dividend yield of 6.5% and a grossed-up yield of 9.3%, which includes the value of franking credits.
Since its inception, WAM Active has distributed 104.7 cents per share in fully franked dividends, and with franking credits included, the total payout reaches 149.6 cents per share. The strong dividend payout demonstrates the company’s commitment to providing regular income to shareholders while maintaining a focus on capital preservation and growth.
Strategic Portfolio Adjustments
WAM Active’s investment strategy has been marked by increased portfolio turnover over the past six months, enabling the team to take advantage of shifting market opportunities. The company has rotated its positions towards precious and base metals, which are expected to perform well as global economic conditions improve, particularly as the US reduces interest rates and global growth picks up.
The company’s portfolio has been actively managed to cushion downside risks, with a focus on key sectors and assets that are well-positioned for growth in the near term. Despite cautious performance from recent IPOs, WAM Active remains optimistic about the market outlook and the opportunities that may arise over time.
Outlook for 2026
Looking ahead to 2026, WAM Active’s team is focused on identifying and capitalising on market opportunities. The company’s flexible investment strategy, combined with expertise in market trends and corporate activity, positions WAM Active to continue delivering strong performance for its investors. Technical site visits, earnings updates, and merger and acquisition activity are expected to drive future returns.
The company’s dynamic portfolio construction, along with its continued commitment to delivering solid returns, ensures that WAM Active remains well-placed to take advantage of both global and domestic market conditions as they evolve.
Disclaimer for Kapitales Research
The materials provided by Kapitales Research, including articles, news, data, reports, opinions, images, charts, and videos ("Content"), are intended for personal, non-commercial use only. The primary goal of this Content is to educate and inform readers. This Content is not meant to offer financial advice, nor does it include any recommendation or opinion that should be relied upon for making financial decisions. Certain Content on this platform may be sponsored or unsponsored, but it does not serve as a solicitation or endorsement to buy, sell, or hold any securities, nor does it encourage any specific investment activities. Kapitales Research is not authorized to provide investment advice, and we strongly advise users to seek guidance from a qualified financial professional, such as a financial advisor or stockbroker, before making any investment choices. Kapitales Research disclaims all liability for any direct, indirect, incidental, or consequential damages arising from the use of the Content, which is provided without any warranties. The opinions expressed by contributors or guests are their own and do not necessarily reflect the views of Kapitales Research. Media such as images or music used on this platform are either owned by Kapitales Research, sourced through paid subscriptions, or believed to be in the public domain. We have made reasonable efforts to credit sources where appropriate. Kapitales Research does not claim ownership of any third-party media unless explicitly stated otherwise.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au
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WAM Active Reports Record Investment Portfolio Outperformance and Dividend Increase
Key Highlights:
Outstanding Portfolio Performance
WAM Active Limited (ASX: WAA) has reported a significant increase in the performance of its investment portfolio, achieving a 41.4% return in the 12 months to 31 December 2025. The company also posted a 31.4% return for the six-month period to the same date. These results come as a direct consequence of the company’s strategic stock selections and the advantages gained from dynamic portfolio adjustments.
The company’s investment portfolio has significantly outperformed both the Bloomberg AusBond Bank Bill Index (Cash) and the S&P/ASX All Ordinaries Accumulation Index over the past 12 and 6 months. The portfolio outperformed the Bloomberg AusBond index by 37.4% and 29.6%, respectively, and outperformed the S&P/ASX All Ordinaries Index by 30.8% and 27.0%, respectively.
Dividend Increase
The strong portfolio performance has enabled WAM Active to increase its fully franked interim dividend to 3.2 cents per share, with an additional special dividend of 1.0 cents per share. The dividend increase reflects an annualised fully franked interim dividend yield of 6.5% and a grossed-up yield of 9.3%, which includes the value of franking credits.
Since its inception, WAM Active has distributed 104.7 cents per share in fully franked dividends, and with franking credits included, the total payout reaches 149.6 cents per share. The strong dividend payout demonstrates the company’s commitment to providing regular income to shareholders while maintaining a focus on capital preservation and growth.
Strategic Portfolio Adjustments
WAM Active’s investment strategy has been marked by increased portfolio turnover over the past six months, enabling the team to take advantage of shifting market opportunities. The company has rotated its positions towards precious and base metals, which are expected to perform well as global economic conditions improve, particularly as the US reduces interest rates and global growth picks up.
The company’s portfolio has been actively managed to cushion downside risks, with a focus on key sectors and assets that are well-positioned for growth in the near term. Despite cautious performance from recent IPOs, WAM Active remains optimistic about the market outlook and the opportunities that may arise over time.
Outlook for 2026
Looking ahead to 2026, WAM Active’s team is focused on identifying and capitalising on market opportunities. The company’s flexible investment strategy, combined with expertise in market trends and corporate activity, positions WAM Active to continue delivering strong performance for its investors. Technical site visits, earnings updates, and merger and acquisition activity are expected to drive future returns.
The company’s dynamic portfolio construction, along with its continued commitment to delivering solid returns, ensures that WAM Active remains well-placed to take advantage of both global and domestic market conditions as they evolve.
Disclaimer for Kapitales Research
The materials provided by Kapitales Research, including articles, news, data, reports, opinions, images, charts, and videos ("Content"), are intended for personal, non-commercial use only. The primary goal of this Content is to educate and inform readers. This Content is not meant to offer financial advice, nor does it include any recommendation or opinion that should be relied upon for making financial decisions. Certain Content on this platform may be sponsored or unsponsored, but it does not serve as a solicitation or endorsement to buy, sell, or hold any securities, nor does it encourage any specific investment activities. Kapitales Research is not authorized to provide investment advice, and we strongly advise users to seek guidance from a qualified financial professional, such as a financial advisor or stockbroker, before making any investment choices. Kapitales Research disclaims all liability for any direct, indirect, incidental, or consequential damages arising from the use of the Content, which is provided without any warranties. The opinions expressed by contributors or guests are their own and do not necessarily reflect the views of Kapitales Research. Media such as images or music used on this platform are either owned by Kapitales Research, sourced through paid subscriptions, or believed to be in the public domain. We have made reasonable efforts to credit sources where appropriate. Kapitales Research does not claim ownership of any third-party media unless explicitly stated otherwise.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au