Spheria Emerging Companies reports september NTA, average discount

Spheria Emerging Companies Limited announced its Net Tangible Asset (NTA) backing per share as of September 30, 2025. The pre-tax NTA stood at $2.630, while the post-tax NTA was $2.536. These figures were released in the company's monthly NTA update on October 6, 2025.

The company also reported on the average NTA premium/discount relevant to its reinstated conditional proposal from March 31, 2025. For the period from April 1, 2025, to September 30, 2025, the average daily NTA discount was 2.0%. This running calculation is used to compare against a 5% discount threshold outlined in the proposal for exchanging shares for units in the Spheria Australian Smaller Companies Fund.

The final average daily NTA premium/discount for the full measurement period from April 1, 2025, to March 31, 2026, will be determined in April 2026, upon the conclusion of the annual measurement period. NTA calculations exclude Deferred Tax Assets relating to capitalized issue cost related balances and income tax losses.