WCM Global Growth Limited (ASX: WQG), a listed investment company that provides investors with access to an actively managed portfolio of global and emerging market equities, has reported a net operating profit after tax of $66,719,000 for the financial year ended 30 June 2026 (FY2026). This profit, primarily from its investment portfolio managed by WCM Investment Management, LLC, compares to $69,525,000 in the prior year. The company’s pre-tax net tangible asset (NTA) per share rose from $2.03 to $2.18, and after-tax NTA increased from $1.80 to $1.94 over the period, after paying four quarterly dividends totalling 8.52 cents per share (cps).
In light of its strong financial position and dividend reserves, WCM Global Growth’s Board announced an increased final dividend for Q4 FY2026 of 2.35 cps, fully franked, paid on 30 September 2026. The company also uplifted its future dividend intentions, with planned quarterly dividends for FY2027 set at 2.45 cps, 2.50 cps, 2.55 cps, and 2.60 cps, all fully franked. A successful Capital Raising in March 2026 raised approximately $84.8 million before costs, issuing 48.5 million new shares. This initiative is expected to boost market capitalisation, liquidity, and diversify the shareholder base, while also providing economies of scale.
The WQG portfolio delivered a return of 16.58% in FY2026, slightly underperforming the MSCI All-Country World Index (ex-Australia) benchmark return of 18.26% for the year. However, since its inception in June 2017, the portfolio has achieved a strong 16.71% per annum after fees, outperforming the benchmark’s 13.81%. Total assets for the company increased by 31% to $604 million as at 30 June 2026, with the number of shareholders growing by 32% to 6,547. The Board also acknowledged the unexpected passing of Non-Executive Director Michael Liu in January 2026, a founding director who served as Chair of the Audit and Risk Committee.
The company’s investment approach, guided by WCM’s focus on companies with rising competitive advantages and supportive corporate cultures, remains sound. WCM Global Growth has transitioned from an average post-tax NTA discount of 1.9% in FY2025 to an average post-tax NTA premium of 3.1% in FY2026, reflecting an improved market profile and increased relevance. The Board expressed confidence that the portfolio is well-placed for continued long-term growth and that the progressive dividend policy will add further shareholder value.
