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Australian Foundation Investment Company Limited

Australian Foundation Investment Company Limited

AFOVF
Australian Foundation Investment Company LimitedUS flagOther OTC
4.61
USD
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- -
5.68BMarket Cap
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Capital Structure

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Working Capital

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Growth Rates

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Quarterly Revenue

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Quarterly Earnings Per Share

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Quarterly Dividends Per Share

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Company Description

APIChatGPT
CEO
Robert Mark Freeman AppFin,
Sector
Financial Services
Industry
Asset Management
Address
101 Collins Street Melbourne VIC Australia 3000
IPO Date
Dec 31, 1998
Website
afi.com.au
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Business
Australian Foundation Investment Company Limited Australian Foundation Investment Company Limited (ASX:AFI) is a listed investment company that manages a diversified portfolio of Australian and New Zealand equities, supplemented by a small international allocation; it maintains an investment portfolio for long-term holdings, including minor components for options writing and non-Australian/New Zealand stocks, alongside a smaller trading portfolio for short-term activities such as call and occasional put options. The company, founded in 1928 and headquartered in Melbourne, Australia, invests across sectors including banks, industrials, healthcare, resources, consumer staples, technology, and real estate, with top holdings encompassing Commonwealth Bank of Australia, BHP Group Limited, CSL Limited, Macquarie Group Limited, and National Australia Bank Limited; it targets stable to growing dividends and attractive medium- to long-term total returns for shareholders, benchmarked against the S&P/ASX 200 Accumulation Index, while maintaining a low management expense ratio of 0.16%. Geographically, operations focus primarily on Australia and New Zealand-listed securities, serving retail and institutional investors through ASX and NZX listings. In recent developments, the company trimmed positions in high-valuation holdings like Commonwealth Bank of Australia and Wesfarmers, fully exited Mineral Resources Limited, Ramsay Health Care Limited, and Domino’s Pizza Enterprises Limited due to structural challenges and competitive pressures, and initiated or expanded stakes in BlueScope Steel Limited, Sigma Healthcare Limited (post its merger with Chemist Warehouse), Telix Pharmaceuticals Limited, and Worley Limited; it also increased allocations to BHP Group Limited, Goodman Group, ResMed Inc., NEXTDC Limited, and WiseTech Global Limited. For the fiscal year ended June 30, 2025, Australian Foundation Investment Company Limited reported net profit of A$284.9 million, down 3.8% year-over-year, declared total fully franked dividends of 31.5 cents per share including a 5-cent special dividend from realized gains, and continues to evaluate a separate low-cost global investment vehicle following growth in its international sub-portfolio to 1.6% of assets.