WQG – WCM Global Growth Limited

Results and performance​

The Company achieved a net operating profit after tax for FY2025 of $69,525,000 (30 June 2024: $45,341,000). The increase in after-tax profit for the year is primarily attributed to an increase in the value of the Company’s investment portfolio and the investment performance of the Company’s investment advisor, WCM Investment Management, LLC (WCM).

For FY2025, the pre-tax net tangible asset value per share of the Company increased from $1.744 as at 30 June 2024 to $2.025 as at 30 June 2025. The Company’s after-tax NTA per share increased from $1.566 to $1.797 over the same period. The higher NTA was after the payment of four quarterly dividends during the financial year totalling 7.4 cents per share.

Investment performance
For FY2025, the Company’s portfolio achieved a return of 31.00%, significantly outperforming the MSCI All-Country World Index (ex-Australia) by 12.41%, which delivered a return of 18.59%. The portfolio has delivered returns in excess of the Benchmark over one, three and five years, and since inception.

The strong investment performance since inception is a direct reflection of both the quality and expertise of WCM and its unique investment strategy: WCM believes the direction of a company’s economic moat is of more importance than its absolute width or size, and corporate culture is the biggest influence on a company’s ability to grow its competitive advantage or ‘moat’.

. Performance presented is net of fees and includes the reinvestment of all dividends and income. Past performance is not indicative of future results.
Inception date of WCM Global Growth Limited is 21 June 2017.

Increased fully franked final dividend and upward revision to progressive quarterly dividend intention
The Board had previously advised of its intention to pay a fully franked final dividend with respect to FY2025 of 1.91 cps in line with the Company’s progressive quarterly dividend policy.
However, based on the strong financial results of the Company over the past year and its dividend reserves and accumulated franking credits, the Board is pleased to announce an increased final dividend for the quarter ended 30 June 2025 (Q4 FY2025) of 2.06 cps, fully franked at a 30% tax rate. The final dividend will be paid on 30 September 2025, with a record date of 12 September 2025.

The Company’s strong financial position has also enabled the Board to revise upwards its previously announced future dividend intentions.

Following payment of the increased FY2025 final dividend of 2.06 cps on 30 September 2025, the Board’s present intention is to pay the following quarterly dividends, fully franked at a 30% tax rate:
• 2.09 cps for the quarter ending 30 September 2025, to be paid in December 2025;
• 2.16 cps for the quarter ending 31 December 2025, to be paid in March 2026;
• 2.21 cps for the quarter ending 31 March 2026, to be paid in June 2026; and
• 2.24 cps for the quarter ending 30 June 2026, to be paid in September 2026