Washington H. Soul Pattinson and Co. Ltd shares jumped after the company announced its FY26 result.
We already know it's a leading investment conglomerate that has been operating for more than 120 years.
For me, there are three appealing takeaways.
The business has made some asset sales in recent times, which has led to cash becoming 20% of the portfolio.
In June 2026, it divested $1.9 billion of industrial property following a process activated by the Brickworks merger and pre-existing rights held by Goodman Group.
Soul Patts said that of its fixed income investments, 69% is invested in global low duration and short-term instruments, while 31% is invested in Australian low duration, short-term instruments and cash.
In 'private companies', it has a total of 15 investments, with four offshore co-investments worth $152.1 million (or 6.7% of the net asset value of the segment). Offshore commitments total $577 million across nine relationships, with six added during FY26.
In 'emerging companies' it said it's building offshore exposure through fund and co-investments with global partners across North America, the UK and the Asia Pacific.
Owners of Soul Patts shares will love to know that the business decided to invest its annual dividend again.
The NCFI per share grew by 7.9% in FY26, while the annual dividend per share was hiked by 7.8%.
Owners of Soul Patts shares have seen their dividend grow at a compound annual growth rate of 12.4% over the past five years, compared to NCFI per share growth of 15% over the last five years.