Overview of WAM Active's Half Year Report

WAM Active Limited (ASX: $WAA) has released its Appendix 4D Half Year Report for the half year ended 31 December 2023. The company reported an operating profit before tax of $5,645,245 and an operating profit after tax of $4,036,916, reflecting the strong performance of the investment portfolio over the six months to 31 December 2023. The company's pre-tax NTA increased by 8.7% during the same period, and a fully franked interim dividend of 3.0 cents per share has been declared by the Board and will be paid on 26 April 2024.

Executive Commentary on WAM Active's Performance

WAM Active's investment operations during the half year resulted in a strong operating profit, driven by the performance of the investment portfolio. The company's focus on delivering absolute returns in all market cycles has contributed to the positive results. The increase in pre-tax NTA and the declaration of a fully franked interim dividend reflect the company's commitment to delivering value to its shareholders. The Board expresses gratitude to the shareholders for their continued support and emphasizes its dedication to the company's strategic goals and investment objectives.

Summary of WAM Active's Half Year Report and Outlook

WAM Active's Half Year Report for the period ended 31 December 2023 reflects a robust performance, with significant growth in operating profit and pre-tax NTA. The declaration of a fully franked interim dividend underscores the company's commitment to providing returns to its shareholders. The dismissal of the appeal made by Keybridge Capital further strengthens the company's position. Looking ahead, WAM Active aims to continue focusing on its strategic goals and delivering on its investment objectives, maintaining its track record of strong performance and value creation for its shareholders.