Soul Patts stock reports a 502 percent profit surge

Soul Patts (ISIN AU000000SOL3) was last at AUD 45.39 on the Australian Securities Exchange on October 5, 2026, up 0.35 percent on the session. The investment company presented FY26 results on September 24, with the Brickworks merger reshaping both its balance sheet and earnings profile, according to Investing.com.

Profit growth reflects merger effects

For the year ended July 31, 2026, statutory net profit after tax reached AUD 2.191 billion, compared with AUD 364 million in FY25. That produced a 502 percent increase, but the result included a AUD 1.3 billion day-one accounting gain and other non-recurring items linked to the Brickworks transaction.

Revenue from continuing operations rose 96 percent to AUD 1.872 billion in FY26. The scale of that increase reflects the merger completed in September 2025, so statutory profit is a less reliable guide to recurring performance than cash generation and net asset value.

Cash flow supports the dividend

Net cash flow from investments increased 11.5 percent to AUD 572 million in FY26, while post-tax NAV rose 31.4 percent to AUD 14.5 billion. The figures and the reporting period were outlined in the InvestorPA publication dated September 24, 2026.

The final dividend increased 6.8 percent to AUD 0.63 per share, lifting the full-year ordinary dividend 7.8 percent to AUD 1.11. Soul Patts said the payment marked its 28th consecutive year of dividend growth, while its broader portfolio now spans listed companies, fixed income, private companies, credit, emerging companies and real assets.

Recurring earnings need attention

The headline profit gain was not matched by operating earnings. Operating NPAT was AUD 319 million, down AUD 36 million from FY25, largely because of a lower contribution from New Hope. This contrast gives investors a clearer way to read the result: the merger strengthened asset backing and distribution capacity, while recurring earnings remain the central test for future growth.

Management also reported AUD 3.8 billion of available liquidity at the FY26 year-end. The earnings-call transcript published by Investing.com said the company is using that flexibility to expand global private-market commitments while maintaining a defensive liquidity position.

Stock remains below its yearly high

Soul Patts stock was last at AUD 45.39 on October 5, 2026, at 4:17 p.m. AEST, with a market capitalization of AUD 17.2 billion. The modest 0.35 percent session gain leaves the market focused on whether stronger NAV and dividends can translate into sustained operating cash flow.

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