Ryder Capital Reports Pre-Tax NTA of $2.0462 for October 2026

Anjali Anand

10 November 2026 12:56 PM AEDT

Ryder Capital Reports Pre-Tax NTA of $2.0462 for October 2026

Image Source: Krish Capital Pty Ltd

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Ryder Capital Limited (ASX:RYD) has disclosed its net tangible asset (NTA) and monthly investment report for the period ended 31 October 2026, revealing a pre-tax NTA of $2.0462 per share inclusive of a 3.0 cent fully franked quarterly dividend payment, with gross assets of $166.41 million and a market capitalisation of $168.35 million.

Key Points

Pre-tax NTA closed October at $2.0462, inclusive of the 3.0 cent fully franked quarterly dividend payment
Gross assets stood at $166.41 million, with 80,549,795 shares on issue and a share price of $2.09
Portfolio cash allocation decreased to $12.65 million (7.60%) from $16.44 million (8.85%)
Annual fully franked dividend is 12.00 cents per share, representing a fully franked dividend yield of 5.74%
Distributable profits reserve stands at 72.0 cents per share as of 30 June 2026

October Portfolio Performance and Key Holdings

Prior to the dividend payment, the portfolio returned -7.29% for the month. According to the filing, performance was driven by falls in core holdings BCI Minerals, Vitrafy Life Sciences, Lumos Diagnostics, and OFX Group. The filing states that the sharp fall in OFX Group was driven by the effective withdrawal of a takeover from Equals. The company's second largest position, Count, released a strong Q1 trading update during the month. The filing also noted the portfolio's prior September quarter net return of 14.88%.

Portfolio Activity During October 2026

During October, Ryder Capital initiated a new position in Alpha HPA, which the filing describes as occurring after several years of engagement. The company added to its position in OFX Group following share price weakness. Positions in Cuscal and Kantra Copper were trimmed following what the filing describes as strong gains. The filing states that cash decreased to $12.65 million, representing 7.60% of the portfolio, from $16.44 million, or 8.85%, at the prior period. Equities represented 92.40% of the portfolio's asset allocation as at 31 October 2026.

Longer-Term Performance Figures Disclosed

The filing disclosed performance figures across multiple time horizons. The gross portfolio performance since inception stood at 483.48%, equivalent to 17.20% per annum. The pre-tax undiluted NTA return since inception was 311.41%, or 13.57% per annum. Over one year, the gross portfolio performance was 7.71%, while the pre-tax undiluted NTA return over the same period was 6.58%. The stated hurdle rate is the RBA Cash Rate plus 4.25%, with the one-year hurdle return recorded at 8.34%. The post-tax NTA per share was disclosed at $1.8749.

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