Whitefield Income Limited (ASX:WHI): What Do FY26 Results and September-Quarter Earnings Show?

Aditi Sarkar

02 November 2026 06:03 PM AEDT

Whitefield Income Limited (ASX:WHI): What Do FY26 Results and September-Quarter Earnings Show?

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Highlights

Whitefield Income (ASX:WHI) was quoted at AUD 1.24, unchanged by 0.00%, in the supplied 2 November 2026 figures.
September-quarter unaudited net profit after tax reached AUD 7.932 million, up 56% YoY.
Quarterly Earnings Per Share fell to 2.6 cents from 3.2 cents in the prior-year quarter.
At 30 September 2026, net asset backing before deferred tax was AUD 1.18 per share.

Whitefield Income Limited (ASX:WHI) is an ASX-listed Investment company holding a diversified portfolio of Australian shares with the objective of generating distributable income and investment returns. In the price information dated 2 November 2026, WHI stood at AUD 1.24, reflecting a 0.00% session change. The company’s October 2026 quarterly update separately reported higher aggregate profit alongside lower earnings per share, while its FY26 Annual Report detailed Capital raising and changes in net asset backing.

Company Business and Portfolio Structure

Whitefield Income Limited (ASX:WHI) invests principally in listed Australian equities rather than running an operating business in a single industrial sector. Its strategy employs systematic portfolio rotation across approximately 70–100 holdings, with at least 90% of securities drawn from the S&P/ASX300. The portfolio reflects Australian equity-market conditions.

September 2026 Quarter: Profit and Earnings Per Share

For the three months ended 30 September 2026, Whitefield Income Limited (ASX:WHI) reported preliminary unaudited gross income, including franking credits, of AUD 12.264 million, compared with AUD 7.810 million a year earlier, an increase of 57% YoY. Profit before tax rose 58% YoY to AUD 8.497 million from AUD 5.366 million. Net profit after tax was AUD 7.932 million against AUD 5.088 million, a 56% YoY increase.

However, earnings per share declined 19% YoY to 2.6 cents from 3.2 cents. Management attributed the difference between aggregate profit growth and per-share earnings to portfolio selection and the timing of capital issues. Its profit measure excludes investment valuation movements and capital gains.

FY26 Results, Capital and Net Asset Backing

The FY26 annual report recorded net profit after tax of AUD 15.999 million, compared with AUD 7.833 million in FY25, while earnings per share were 7.85 cents versus 4.89 cents. The comparative FY25 earnings period began when initial public offer proceeds were received in December 2024, rather than spanning a full twelve months. Accordingly, the two annual figures cover different operating periods.

Whitefield Income Limited (ASX:WHI) raised AUD 187 million during FY26 through a November 2025 share purchase plan and Placement and a June 2026 entitlement offer. Net Assets stood at AUD 378.666 million at 30 June 2026, compared with AUD 202.010 million a year earlier. Net asset backing before deferred tax was AUD 1.21 per share at FY26 year-end, compared with AUD 1.26 in FY25, then measured AUD 1.18 at 30 September 2026.

Risks and What to Watch Next

Investment outcomes depend on portfolio holdings, Australian Equity prices, sector allocations and the timing of income received from investee companies. Concentration in materials and financials can increase sensitivity to developments affecting those sectors. Changes in interest rates, corporate earnings and market valuations may affect portfolio returns and net asset backing. Share prices of listed investment companies can also diverge from reported underlying asset values.

Key Insights

Whitefield Income Limited (ASX:WHI) reported greater September-quarter aggregate earnings, lower earnings per share and a decline in net asset backing between June and September 2026. Its larger capital base and systematic equity-income strategy shape these results. Future monitoring points include changes in sector weightings, investment returns against the benchmark, net asset backing and the relationship between Operating Income and distributions.

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