Australian Foundation Investment Company updates on share buy-back program

Australian Foundation Investment Company Limited (AFI) announced an update to its on-market buy-back program, originally notified on February 12, 2024. As of October 15, 2025, the company reported that a total of 12,365,200 securities had been bought back before the previous day, with an additional 315,609 securities purchased on October 14, 2025. The total consideration paid for these securities before the previous day amounted to AUD 90,669,734.73, with an additional AUD 2,328,310.71 paid for the previous day's buy-back.

The highest price paid before the previous day was AUD 7.63 on December 13, 2024, while the lowest was AUD 7.10 on March 19, 2025. On October 14, 2025, the highest price paid was AUD 7.40 and the lowest was AUD 7.35. The company intends to buy back a maximum of 124,654,944 securities, with 116,805,243 remaining to be bought back as of the end of the previous day.

The buy-back, facilitated by Morgans Financial Limited, is for cash consideration in Australian dollars and does not require security holder approval. It is set to commence on February 24, 2025, and conclude on February 23, 2026, serving capital management purposes.