Clime Capital Limited (ASX: CAM), a listed investment company that invests across a diversified portfolio of listed and unlisted assets, primarily seeking to generate income for shareholders, has reported a robust financial performance for the 2026 financial year. As announced at its Annual General Meeting on 16 November 2026, the company achieved a Net Profit After Tax (NPAT) of $10.3 million and gross portfolio returns of 17.7%, outperforming both markets and peers. Dividends declared amounted to $7.8 million (50% franked), alongside a bonus dividend of 0.5 cents per share. The company’s Profit Reserve increased to $35.8 million, and its pretax Net Tangible Assets (NTA) rose to 82 cents from 77 cents at the end of FY25. Positive returns have continued into FY27, with the Board declaring a December quarter dividend of 1.35 cents per share, 50% franked, payable on 22 January 2027.
The FY26 accounts were issued with a qualified audit opinion, related to the auditor’s inability to verify the unit prices or values of certain unlisted investments. Clime Capital’s Board and Manager are actively addressing this, commissioning third-party qualified valuers in line with ASIC guidelines, and an additional independent review to assess the value, security, and recoverability of the private debt portfolio. A notable development includes the refinancing of an investment, SBS 4&5, for $8.5 million against a 30 June carrying value of $6.5 million plus accrued interest, with proceeds and profit recognition to be reflected in the FY27 results.
As of 13 November, the gross portfolio value stood at approximately $154 million, with net cash of around $20 million. The company generated an unaudited pre-tax profit of $1.7 million for the four months to 31 October. Clime Capital maintains over $35 million in profit reserves, providing substantial dividend capacity. The company’s investment strategy focuses on income generation, with its portfolio positioned towards value stocks and diversified across listed and unlisted assets. CAM’s current dividend yield, at a market price of 64 cents, is 8.4% (50% franked), significantly higher than the All-Ordinaries index yield of 3.2% (70% franked), offering a pre-tax yield 7% higher than the ASX at current market prices.
