Australian Foundation Investment Company updates share buy-back program

Australian Foundation Investment Company Limited (AFI) has announced an update to its on-market share buy-back program. As of November 5, 2025, the company reported a total of 17,235,931 securities bought back prior to the previous day. On November 4, 2025, an additional 159,192 securities were repurchased. The total consideration paid for the securities bought back before the previous day was AUD 126,581,588.72, and on the previous day, AUD 1,170,554.70.

The highest price paid on the previous day was AUD 7.38, and the lowest was AUD 7.33. The highest price allowed under listing rule 7.33 on the previous day was AUD 7.7485. The company intends to buy back a maximum of 124,654,944 securities, with 112,090,929 remaining to be bought back as of the end of the previous day.

The buy-back program is managed by Morgans Financial Limited. The proposed buy-back started on February 24, 2025, with an end date of February 23, 2026. This announcement serves to refresh the company's on-market buy-back facility for capital management purposes.