Mirrabooka Investments (ASX: MIR) Portfolio Manager Kieran Kennedy said FY26 provided valuable lessons after the company underperformed a market dominated by resources stocks. Despite the challenging year, Mirrabooka continued to generate realised capital gains, supporting another fully franked special dividend, while identifying several newer investments that performed strongly. The company has also continued to refine its investment process to better navigate today’s market conditions while remaining committed to investing in quality small and mid-cap companies for the long term.
Kieran believes recent valuation resets across many portfolio holdings provides a more attractive backdrop for future returns. While acknowledging near-term uncertainty, he remains confident in the company’s long-term investment philosophy. “We do think the long-term track record of Mirrabooka gives us confidence,” he said.
