Thorney Opportunities reports record NTA and increased dividends

Thorney Opportunities Ltd announced a record post-tax Net Tangible Asset (NTA) of 90.3 cents per share for the financial year ended 30 June 2025, a 3.7% increase from FY24. The company’s total dividends for FY25 reached 2.65 cents per share, fully franked, marking a 3.9% increase from the prior year. A final fully franked dividend of 1.55 cents per share was declared, payable on 30 September 2025.

The company's profit after tax for the year was $8.5 million, down from $35.0 million in the previous year, while total investment income decreased to $19.7 million from $57.5 million. Despite this, net tangible assets increased to $158.1 million. Cash and short-term deposits significantly increased to $35.4 million from $23.8 million.

TOP's investment strategy saw strong contributions from AMA Group Limited and Solvar Limited, with share prices increasing over 100% and 50% respectively during FY25. The company also continued its on-market share buy-back program, acquiring 7,842,876 shares for $5.0 million.