Cadence Capital posts 3.4% performance, declares final dividend

Cadence Capital Limited (ASX:CDM) reported a gross performance of 3.4% for the financial year ended June 30, 2025, with an operating profit after tax of $6,265,774. This contrasts with the All Ordinaries Accumulation Index's 13.2% rise. The company announced a 3.0 cents per share final dividend, partially franked at 50%, payable on October 31, 2025, bringing the full-year dividend to 6.0 cents per share. This represents an 8.8% annualised yield, or 10.7% gross yield, based on the share price of $0.68 at announcement.

The company's net asset value for the year was $292,330,716, down from $304,134,734 in 2024. Despite market volatility, Cadence Capital identified opportunities, adding new portfolio positions and benefiting from its Evolution Mining investment, which saw a 123% share price increase. The Dividend Reinvestment Plan (DRP) will be active for the final dividend, with the company continuing its on-market buy-back program for shares trading at a discount to Pre-Tax NTA.

Key management personnel increased their shareholdings, with Karl Siegling holding 34,771,674 shares at year-end. The remuneration of non-executive directors remained at $75,000 for the year. The Corporate Governance Statement details adherence to ASX principles, with a full version available on the company website.