Ryder Capital Limited (ASX: RYD) has announced a strong financial performance for the year ended 30 June 2026, marked by considerable growth in its net tangible assets and investment portfolio. The company, which operates as a listed investment company (LIC) primarily investing in a concentrated portfolio of ASX small to mid-capitalisation securities, bonds, and cash, aims for long-term capital growth exceeding its benchmark. For the financial year, Ryder Capital reported a pre-tax net tangible asset (NTA) gain of 33.53%, comfortably surpassing its internal targets and the performance of key ASX equity indices. The investment portfolio achieved a gross return of 37.59%, significantly outperforming the S&P/ASX All Ordinaries Accumulation Index (+5.70%) and the S&P/ASX Small Ordinaries Accumulation Index (+8.11%).
During the reporting period, the company’s pre-tax NTA per share increased to $1.9805 from $1.6272, after accounting for fully franked dividend payments, company expenses, and taxes. Total comprehensive income after tax reached $31,800,237, an increase from $21,813,017 in the prior year. Net assets stood at $148,457,255, up from $126,685,305. Shareholders experienced a total return of 41.92% for FY26, inclusive of dividends.
In operational updates, Ryder Capital introduced an enhanced dividend policy in FY26, establishing a minimum quarterly fully franked dividend of 3.0 cents per share, equating to a minimum annualised dividend of 12.0 cents per share. Dividends paid during the year totalled $0.115 per share. The Dividend Reinvestment Plan (DRP), which commenced in February 2024, was suspended with immediate effect by the Directors on 8 July 2025. Consequently, the DRP did not operate for the 30 June 2025 final dividend or any subsequent dividends.
The company maintained an active share buyback program in FY26, repurchasing 450,000 shares at an average cost of $1.65. However, this activity ceased during the final six months of FY26 as the share price narrowed towards NTA. Ryder Capital concluded the financial year with a cash weighting of 6.89%, or $11.15 million. The Annual General Meeting is scheduled for 21 October 2026.
