Pacific Current Group (ASX:PAC) released its interim financial results for the six months ended Dec. 31, 2025, revealing a period of significant structural adjustment and portfolio simplification.
The company reported an underlying NPAT of $6.7 million, a decrease from the $15.3 million recorded in the prior corresponding period.
The decline was attributed to lower distributions, management fees, and interest income, though the impact was partially mitigated by a 31% reduction in corporate costs and lower interest expenses.
On a statutory basis, the group recorded a net loss after tax of $11.7 million, contrasting sharply with the $100.4 million profit in H1 FY25, which had been bolstered by a $95.4 million gain on asset sales.
Despite the statutory loss, Pacific Current declared a fully franked interim dividend of $0.20 per share, an increase from the unfranked $0.15 dividend offered the previous year.
The company’s fair value estimate of its net asset value stood at $16.34 per share, exceeding the statutory NAV by $2.42.
Strategic activity remained a core focus, with the group executing the full exit of its shares in Janus Henderson Group for $14.4 million and a partial sale of Victory Park Capital Advisors for $8.4 million.
The transactions supported the full repayment of a $64.3 million senior secured debt facility provided by Washington H. Soul Pattinson.
At the time of reporting, Pacific Current Group's share price was $9.94.