Significant increase in profit and increased fully franked dividend

We're pleased to declare an increased half-year fully franked dividend of 8.0 cents per share payable in April 2025.

February 20, 2025

We're pleased to declare an increased half-year fully franked dividend of 8.0 cents per share payable in April 2025.

The Hearts and Minds Investments Ltd (ASX:HM1) Board of Directors have declared an increased half-year fully franked dividend of 8.0 cents per share payable in April 2025. The Board’s decision to increase the dividend was supported by strong investment performance and a significant increase in reported profits for the half year.

The Core Portfolio drove most of the investment returns with strong gains across most holdings. Over the half year, stand out performers were Zillow up 60%, Guzman y Gomez up 48%, Brookfield Corp up 45%, Rokt up 40%, and Block up 32%. The strong performance of the investment portfolio over the last eighteen months has boosted our investment returns since inception in November 2018 to 12.3% per annum.

We are also pleased to officially congratulate Brett Jollie on his appointment as Chief Executive Officer, effective 20 February 2025.

For further information, you can read our Results Announcement here.

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February 20, 2025

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Hearts & Minds Investments

The Hearts and Minds Investments Ltd (ASX:HM1) Board of Directors have declared an increased half-year fully franked dividend of 8.0 cents per share payable in April 2025. The Board’s decision to increase the dividend was supported by strong investment performance and a significant increase in reported profits for the half year.

The Core Portfolio drove most of the investment returns with strong gains across most holdings. Over the half year, stand out performers were Zillow up 60%, Guzman y Gomez up 48%, Brookfield Corp up 45%, Rokt up 40%, and Block up 32%. The strong performance of the investment portfolio over the last eighteen months has boosted our investment returns since inception in November 2018 to 12.3% per annum.

We are also pleased to officially congratulate Brett Jollie on his appointment as Chief Executive Officer, effective 20 February 2025.

For further information, you can read our Results Announcement here.

Disclaimer: This material has been prepared by Hearts & Minds Investments, published on Feb 20, 2025. HM1 is not responsible for the content of linked websites or content prepared by third party. The inclusion of these links and third-party content does not in any way imply any form of endorsement by HM1 of the products or services provided by persons or organisations who are responsible for the linked websites and third-party content. This information is for general information only and does not consider the objectives, financial situation or needs of any person. Before making an investment decision, you should read the relevant disclosure document (if appropriate) and seek professional advice to determine whether the investment and information is suitable for you.

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