Investments

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Equity Investments

Portfolio Overview

The objective of Group Investments is to maximise shareholders’ value over the medium to long-term through SFC’s access to investment opportunities and investing in businesses and people with proven track records. The investment approach remains flexible and opportunistic.

The pre-tax net equity value of Group Investments ended the financial year at $227.3 million (FY24: $210.9 million) or $16.73 per share (FY24: $15.53 per share). Over 8 years, the pre-tax net equity value of Group Investments has increased by $131.8 million, an annual compounded increase of 13.2% per year. This increase was achieved after having paid out $88 million of fully franked dividends and having bought back around $9 million in shares.

Equities Portfolio: Summary of Pre-Tax Net Equity Value ($m)
FY18FY19FY20FY21FY22FY23FY24FY25
Externally managed investments5.16.24.36.56.37.98.49.9
Internally managed investments2.410.529.149.919.128.527.926.2
Total Equity Investments Pre-Tax Net Equity Value7.516.733.456.425.536.436.336.1

* Pre-Tax Net Equity Value is SFC’s share of market value