MFF Capital Investments reveals November NTA, plans dividend hike

MFF Capital Investments Limited reported its approximate monthly net tangible assets (NTA) per share as of November 28, 2025. The pre-tax NTA stood at AUD 5.298, up from AUD 4.999 as of June 30, 2025. After providing for tax, the NTA was AUD 4.427, compared to AUD 4.150 on June 30, 2025.

MFF paid AUD 4.3m in tax for the month and accrued AUD 13.5m as top-up tax for fiscal 2025, bringing total cash tax paid since June 30, 2025, to approximately AUD 75.5m. The company's franking credit balance is approximately AUD 200.9m.

The company announced an intention to increase its fully franked six-monthly dividend to 10 cents per share for the period ending December 31, 2025, a 25% year-on-year increase, subject to various considerations. Portfolio activity in November included sales of about 3.0% of portfolio value and purchases of about 2.2%. Net cash represented approximately 7.7% of investment assets.

Key currency rates for AUD as of November 28, 2025, were $0.656, €0.565, and £0.495. Major holdings in the portfolio include Alphabet Class A (8.7%), MasterCard (8.5%), and Visa (7.8%). All figures are unaudited and approximate, with June 2025 figures incorporating preliminary consolidation adjustments for Montaka Global.