Australian Foundation Investment Company updates on share buy-back activity

Australian Foundation Investment Company Limited (AFI) has released an update regarding its on-market share buy-back program, announcing a daily notification on October 28, 2025. This update is part of the company's ongoing capital management strategy, refreshing its buy-back facility. The buy-back, which commenced on February 24, 2025, is set to conclude by February 23, 2026.

As of the previous day, October 27, 2025, AFI bought back 357,495 ordinary fully paid shares. This brings the total number of shares bought back before the previous day to 15,330,453. The total consideration paid for shares on the previous day was AUD 2,639,099.59, with the highest price paid at AUD 7.41 and the lowest at AUD 7.36.

The company intends to buy back a maximum of 124,654,944 securities, and as of the end of the previous day, 113,798,104 shares remain to be bought back. Morgans Financial Limited is the broker facilitating the buy-back for cash consideration.