Ryder Capital Limited (ASX:RYD) has announced record total comprehensive income after tax of $31.80 million for the financial year ended 30 June 2026, marking a 45.79% increase from the previous year. Ryder Capital Limited is a Listed Investment Company (LIC) that invests in a concentrated portfolio of ASX-listed micro-cap and small-cap companies. It aims to generate long-term capital growth and income for its shareholders. The company also reported a pre-tax net tangible assets (NTA) per share increase of $0.3533, reaching $1.9805 at year-end from $1.6272, after accounting for $0.115 of fully franked dividends paid. The NTA performance for the year stood at 33.53%.
This strong financial outcome stemmed from robust investment performance. Driven by this, a positive start to FY27, and a record franking account balance, the Board introduced an enhanced dividend policy. This policy provides for quarterly fully franked dividends of 3.0 cents per share, commencing with the December 2025 quarter. This establishes an annualised dividend rate of 12.0 cents per share for FY27, subject to ongoing performance, with the next dividend declaration anticipated at the end of the September quarter.
The company’s gross portfolio performance for the year ending 30 June 2026 reached 37.59%, significantly surpassing the ASX Small Ordinaries Accumulation Index, which returned 8.11% over the same period. Ryder Capital acknowledged the uncertain outlook for equity markets, citing factors like inflation, geopolitical events, and artificial intelligence’s evolving impact. Despite these challenges, the company stated a challenging environment presents opportunities for patient, selective investors. The portfolio concluded the year with a 6.89% cash weighting, planning to build reserves through realising performance-driven overweight holdings and maintaining a positive outlook based on core holdings trading below intrinsic value.
