Australian Foundation Investment Company updates share buy-back program

Australian Foundation Investment Company Limited (AFI) has announced an update to its on-market buy-back program as of November 6, 2025. The company bought back 199,211 ordinary fully paid securities on the previous day, bringing the total bought back before the previous day to 17,395,123. The total consideration paid for the securities on the previous day was AUD 1,461,770.48.

The highest price paid on the previous day was AUD 7.36, while the lowest price paid was AUD 7.31. The highest price allowed to be paid by the entity on the previous day under listing rule 7.33 was AUD 7.7408. The buy-back program, which commenced on February 24, 2025, is scheduled to conclude on February 23, 2026.

Morgans Financial Limited is acting as the broker for the buy-back. With a maximum of 124,654,944 securities proposed to be bought back, the remaining number to be acquired as at the end of the previous day stands at 111,891,718. The company states this announcement refreshes the facility for capital management purposes.