Soul Pattinson FY24 results overview

Soul Pattinson (ASX:SOL) has reported its financial year ended 31 July 2024 results, showcasing a total portfolio net asset value of $11.8 billion pre-tax. The company, known for its unique position in Australia as a diversified investment house, has highlighted its aim to grow shareholder wealth through a diversified range of investments that perform throughout market cycles. With over 200 actively managed investments and a focus on high-quality risk-adjusted returns, Soul Pattinson has achieved 24 years of consecutive dividend increases and a 20-year Total Shareholder Return of 11.7% p.a. Additionally, the company is part of the ASX top 50 by market capitalization.

Executive commentary on FY24 results

The FY24 results reflect our commitment to long-term value creation and the smart allocation of our portfolio. We are pleased with the strong performance across our portfolios, the growth in cash flows, and the momentum in investment activity. Our track record of generating enduring returns, with 24 years of consecutive dividend growth and a 20-year Total Shareholder Return outperformance, demonstrates the effectiveness of our strategy in delivering value to our shareholders.

Summary of FY24 results and outlook

Soul Pattinson's FY24 results demonstrate increased portfolio value, well-managed investment risk, and long-term value creation. The company's strategic portfolio, large caps, private equity, emerging companies, credit, and property segments have all contributed to the strong performance and growth in cash flows. With a focus on sustainable long-term performance, Soul Pattinson aims to increase cash generation, grow the portfolio, and manage investment risk to protect shareholder capital. The introduction of a dividend reinvestment plan and the paid intern program reflect the company's commitment to its people and future leaders in the financial services sector. Looking ahead, Soul Pattinson is well-positioned for new investments, leveraging its competitive advantage of long-term commitment, strength of conviction, and unconstrained mandate.