BKI Investment Company 20-year celebration and FY2024 results

BKI Investment Company Limited (ASX: $BKI) has marked its 20th anniversary with the release of its full-year results for the year ended 30 June 2024. The company delivered a solid EPS and Net Operating Result during FY2024, following the record result announced in FY2023.

Executive Commentary on 20-year achievements and FY2024 performance

BKI Investment Company celebrated its 20th year in December 2023, achieving significant milestones. The number of BKI shareholders grew by 119% from 7,832 in 2003 to 17,170 in 2023. Total Assets have grown from $171.2 million to $1.4 billion, and total dividends and franking credits paid to shareholders over the past 20 years totals $1,028 million. BKI has maintained a strong history of paying fully franked dividends with an average grossed up dividend yield of 6.8% since 2004. The 20-year Total Shareholder Return, including dividends and franking credits, was 10.1% p.a. BKI continues to focus on investor returns, offering a competitive fee structure with a Management Expense Ratio of 0.169% and maintaining active communication with shareholders.

Summary of FY2024 results and outlook

BKI Investment Company's FY2024 results reflect a solid performance, building on the record result announced in FY2023. The company's 20-year celebration highlights its significant growth in shareholder base, total assets, and dividends paid. BKI's focus on investor returns is evident through its competitive fee structure and active communication with shareholders. Looking ahead, BKI aims to continue its investor-focused approach and maintain its strong history of paying fully franked dividends, providing an attractive yield to its shareholders.