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WCM Global Growth Limited (ASX:WQG)

ALERT: Price-sensitive ASX Announcement for WQG
Current share price for WQG : $1.980 0.13 (7.03%)+
Announcement
Release
26 Aug 2025 2:30PM
Price at Release
$1.850
Full Release
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Summary
WCM Global Growth Limited (WQG) released its full year results for the period ending 30 June 2023. During this period, the company achieved a portfolio return of 24.19% before expenses, outperforming the MSCI All Country World Index (ex-Australia) which returned 21.02%. The net profit after tax was $26.7 million, compared to a loss of $42.0 million in the prior year. The Board declared a final fully franked dividend of 3.0 cents per share, bringing the total annual dividend to 6.0 cents per share. The Board also renewed its commitment to the dividend reinvestment plan. The report highlights the company's successful investment strategy focusing on companies with expanding economic moats and strong corporate cultures. The Board remains confident in the company's long-term investment approach and its ability to deliver attractive returns and sustainable income to shareholders.
Key Points
  • WCM Global Growth Limited achieved a portfolio return of 24.19% before expenses for the year ended 30 June 2023.
  • Outperformed the MSCI All Country World Index (ex-Australia) which returned 21.02% during the same period.
  • Net profit after tax was $26.7 million, a turnaround from previous year's $42.0 million loss.
  • Final fully franked dividend of 3.0 cents per share declared, total annual dividend is 6.0 cents per share.
  • Dividend reinvestment plan remains available to shareholders.
  • Strong emphasis on investing in companies with expanding economic moats and strong corporate cultures.
  • Board expresses confidence in long-term investment strategy to deliver attractive shareholder returns and sustainable income.
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.