WAM Capital reports strong FY2025 performance, increases dividends

WAM Capital, along with its associated entities WAM Microcap, WAM Research, and WAM Active, reported impressive full-year results for FY2025. WAM Capital achieved a 22.2% investment portfolio performance, outperforming the S&P/ASX Small Ordinaries Accumulation Index by 9.9% and the S&P/ASX All Ordinaries Accumulation Index by 9.0%. Shareholders will receive a full-year dividend of 15.5 cps, 60% franked, with a final dividend of 7.75 cps, also 60% franked, resulting in a grossed-up dividend yield of 10.9%. WAM Microcap delivered an 18.8% portfolio performance with a fully franked full-year dividend of 10.6 cps. WAM Research saw a 22.4% portfolio performance and a 60% franked full-year dividend of 10.0 cps, while WAM Active achieved a 26.4% portfolio performance and a fully franked full-year dividend of 6.0 cps.

In a related development, the Wilson Asset Management Group, including WAM Capital, became a substantial holder in Beacon Lighting Group Limited on September 9, 2025. The group acquired a total of 12,626,273 ordinary shares, representing a 5.52% voting power in Beacon Lighting. The acquisitions involved numerous transactions over four months, with a total cash consideration of $1,955,346.38 for WAM Capital Limited's portion on September 11, 2025. This strategic investment underscores Wilson Asset Management's active approach to small-cap opportunities.

The acquisitions were part of the ongoing portfolio management activities of WAM Capital and its related entities. Key stock picks highlighted during the FY2025 Full Year Results Webinar included Tuas, Energy One, Tasmea, and Zip Co. The firm is also conducting shareholder presentations across several cities in October 2025.