SOL - Soul Pattersons

 SOL

02/07/26

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ASX:SOL (Washington H. Soul Pattinson) has delivered strong long-term performance, outperforming the broader market with an average annual Total Shareholder Return of roughly 10.1 % over the last 5 years. The company operates as a diversified investment house, meaning headline statutory profits swing dramatically due to mergers and non-recurring portfolio valuation adjustments.

Financial Snapshot

• Profit: Statutory profit has fluctuated significantly due to the timing of major acquisitions (like the Milton and Brickworks mergers). The statutory net profit after tax (NPAT) for the 1H 2026 reached $2.3B, driven largely by non-recurring accounting gains, while underlying profit experienced steady single-digit growth. [1, 2]

Debt: SOL has consistently maintained a highly conservative balance sheet. The company’s long-term debt has been kept low, with the debt-to-equity ratio hovering between 8.5% and 9.6% in recent years. [1, 2, 3]

Return on Equity (ROE): Driven by its diversified portfolio, SOL’s historical ROE has generally ranged between 4% and 9% in recent years, though recent TTM (trailing twelve months) metrics have shown strong uplifts closer to 20% due to massive unrealized investment gains. [1, 2]

Shareholder Returns: The company is famous for being a dividend aristocrat, raising its dividend every year for 28 consecutive years. It offers a trailing dividend yield of roughly 2.4%. [1, 2, 3, 4, 5]

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