Australian Foundation Investment Company updates on share buy-back activity

Australian Foundation Investment Company Limited (AFI) has announced an update to its on-market share buy-back program. As of October 21, 2025, the company bought back an additional 397,500 ordinary fully paid shares on the previous day, October 20, 2025. This brings the total number of shares bought back before the previous day to 13,606,628.

The total consideration paid for the shares bought back on the previous day was AUD 2,936,054.25, with prices ranging from a highest of AUD 7.43 to a lowest of AUD 7.36. The company initially notified of the buy-back on February 12, 2024, with a proposed start date of February 24, 2025, and an end date of February 23, 2026.

AFI aims to buy back a maximum of 124,654,944 shares. As of the end of the previous day, 115,481,924 shares remain to be bought back under this facility, which the company states is for capital management purposes. Morgans Financial Limited is acting as the broker for the buy-back.