Ryder Capital Limited ASX Release 11 July 2024

Ryder Capital Limited (ASX: $RYD) has reported a strong pre-tax NTA performance of 25.15% for the year ending 30 June 2024. This resulted in a year-end closing pre-tax NTA of $1.3875 per share. The company has also declared an increased final dividend of 5.0 cents per share fully franked, marking a significant +18% increase from last year's final dividend of 4.25 cents per share.

Executive Commentary on FY24 Performance and Dividend Increase

Peter Constable, Chairman and CIO, stated 'It is pleasing to report on Ryder's marked improvement in performance after what has been a challenging few years for shareholders. This performance is a direct result of our disciplined investment process and conviction during the challenges of 2022 and 2023 when a number of our core holdings were unloved and significantly undervalued'.

Summary of Ryder Capital's FY24 Performance and Outlook

Ryder Capital's strong FY24 performance, with a pre-tax NTA return of 25.15% and an increased fully franked final dividend, reflects the company's commitment to delivering value to its shareholders. The positive outlook across the Portfolio's core holdings and the anticipation of another strong year of returns indicate a promising future. The company's focus on absolute return, value-driven fundamental approach, and concentrated portfolio positions it well for medium to long-term capital growth. The upcoming release of the 2024 Annual Report is expected to provide further details on performance, investment holdings, and outlook, along with an update on the Strategic Review.