---
title: "WAM Microcap Profit Slides but Dividend Strategy Holds Firm"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/296417477.md"
description: "WAM Microcap Ltd. reported a sharp deterioration in results for the year ended June 30, 2026, with revenue plunging 95.3% to $3.23 million and net losses increasing. Despite weaker portfolio performance and reduced net tangible asset backing per share, the board maintained its fully franked dividend strategy, declaring a final dividend of 5.35 cents per share and keeping the Dividend Reinvestment Plan active."
datetime: "2026-08-20T01:02:57.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/296417477.md)
  - [en](https://longbridge.com/en/news/296417477.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/296417477.md)
generator: "portal-rs"
---

# WAM Microcap Profit Slides but Dividend Strategy Holds Firm

WAM Microcap Ltd. ( (AU:WMI) ) has shared an announcement.

WAM Microcap reported a sharp deterioration in results for the year to 30 June 2026, with revenue from ordinary activities plunging 95.3 per cent to $3.23 million and a loss before tax more than doubling compared with the prior year. Net loss after tax was $141,974, and the company’s net tangible asset backing per share fell to $1.28 before tax from $1.43, and to $1.31 after tax from $1.41, reflecting weaker portfolio performance amid challenging market conditions.

Despite the downturn, the board maintained its fully franked dividend strategy, declaring a final dividend of 5.35 cents per share, matching the interim payout, and keeping its Dividend Reinvestment Plan in operation with a 2.5 per cent discount on the final dividend issue price. The continued dividend and DRP support income-focused shareholders and signal confidence in the underlying portfolio, even as lower asset backing and earnings highlight pressure on returns for investors in the microcap space.

**More about WAM Microcap Ltd.**

WAM Microcap Ltd. is an Australian listed investment company focused on microcapitalisation stocks, providing investors exposure to a diversified portfolio of smaller companies. It generates revenue primarily from investment activities and manages its portfolio to deliver dividends and capital growth to shareholders within the microcap segment of the equity market.

The company targets microcap opportunities on the ASX, positioning itself as a specialist manager in this niche, and has an established dividend policy supported by a Dividend Reinvestment Plan. Its operations are closely tied to market performance and portfolio revaluations, which drive changes in revenue, profit and net tangible asset backing per share.

**Average Trading Volume:** 262,287

**Technical Sentiment Signal:** Hold

**Current Market Cap:** A$398.1M

See more insights into WMI stock on TipRanks’ Stock Analysis page.

### Related Stocks

- [WMI.AU](https://longbridge.com/en/quote/WMI.AU.md)

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**