NAOS Small Cap Opportunities Company Limited (ASX:NSC) has released its monthly net tangible asset and portfolio update as at 31 October 2026, disclosing a post-tax NTA of $0.31 per share against a closing share price of $0.30, with the portfolio holding eight investments and cash weighting of 0.81%.

Key Points

  • Post-tax NTA of $0.31 per share and pre-tax NTA of $0.22 per share as at 31 October 2026, inclusive of the 1.00 cents per share 50% franked Q1 FY27 dividend
  • The Q1 FY27 dividend went ex-dividend on 9 November 2026 and is payable on 30 November 2026
  • Investment portfolio recorded a year-to-date total return of -11.15% for FY27 through October 2026
  • 132,001,294 shares on issue, market capitalisation of $39.6 million, and gross portfolio value of $42.9 million
  • Total dividends since inception of $0.4450 per share, or $0.6057 per share on a grossed-up basis including franking credits

Net Tangible Asset Value as at 31 October 2026

The filing disclosed a pre-tax NTA of $0.22 per share, a post-tax and pre-unrealised gains tax NTA of $0.29 per share, and a post-tax NTA of $0.31 per share. All NTA figures are inclusive of the 1.00 cents per share 50% franked Q1 FY27 dividend, which went ex-dividend on 9 November 2026 and will be paid on 30 November 2026. The dividend yield, calculated using the most recent four declared dividends totalling 4.75 cents per share and the 31 October 2026 closing share price of $0.30, was reported at 15.83%. The profits reserve stood at 6.7 cents per share.

Investment Portfolio Performance and Monthly Returns

The investment portfolio recorded monthly returns of +0.66% in July, -1.84% in August, -4.72% in September, and -5.62% in October for FY27, bringing the year-to-date total return to -11.15% as at 31 October 2026. Performance figures are stated as post all operating expenses, before fees, interest, taxes and capital raising costs, and have not been grossed up for franking credits received by shareholders. The portfolio held eight investments with a weighted average investment holding period of 73 months. The weighted average market capitalisation of investee companies was $97.7 million.

Capital Structure and Portfolio Statistics

According to the filing, NSC had 132,001,294 shares on issue as at 31 October 2026, with a market capitalisation of $39.6 million and a gross portfolio value of $42.9 million. Unlisted notes on issue totalled $13,243,000. Directors held 3,635,294 shares, representing director alignment of 37.70%. The filing also listed notable company meetings during the period, which included meetings with FDC Consolidated Holdings Limited, GemLife Communities Group, GWA Group Limited, LGI Limited, Rivco Australia Limited, SkinKandy Limited, SRG Global Limited, and Vysarn Limited, covering both existing investee companies and other companies of interest.