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Hearts and Minds Investments Limited (ASX:HM1)

ALERT: Price-sensitive ASX Announcement for HM1
Current share price for HM1 : $2.990 -0.34 (-10.21%)+
Announcement
Release
29 Aug 2025 8:42AM
Price at Release
$3.330
Full Release
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Summary
The Hearts and Minds Investments Limited Annual Report for the year ending 30 June 2025 highlights a significant increase in net investment income and comprehensive income compared to the previous year. The company's total net investment income rose by 98% to $165.5 million, and the profit after tax increased by 110% to $106.8 million. The net tangible assets per ordinary share post-tax rose from $3.05 in 2024 to $3.44 in 2025. During the year, the company paid fully franked dividends totaling 15.5 cents per share, with an additional 9.0 cents per share declared for October 2025. The report also outlines a total shareholder return of 24%, reflecting an increase in the share price and dividends paid. The investment portfolio is concentrated in a few sectors, mainly consumer discretionary and real estate, while showing biases against information technology and utilities sectors. Key management personnel, including directors, maintained significant equity interests in the company, with a continued focus on donating to medical research causes.
Key Points
  • Total net investment income increased by 98% to $165.5 million.
  • Profit after tax rose by 110% to $106.8 million.
  • Net tangible assets per share post-tax increased to $3.44.
  • Dividends totaling 15.5 cents per share were paid during the year.
  • A fully franked dividend of 9.0 cents per share was declared for October 2025.
  • Total shareholder return for the year was 24%.
  • The investment portfolio is concentrated in consumer discretionary and real estate sectors.
  • Hearts and Minds continued its focus on donations to medical research.
  • Key management personnel held significant equity interests.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.