Update: WAM Capital Swings to Fiscal 2026 Loss, Revenue Down; Shares Down 17%
(Updates to add stock movement in the headline and the last paragraph)WAM Capital (ASX:WAM) logged AU$0.1113 in loss per share for fiscal 2026, compared with a profit of AU$0.1963 a year ago.For the 12 months ended June 30, the investment firm's revenue from ordinary activities was a loss of AU$162 million, compared with a gain of AU$355.7 million previously, the filing added.The firm recorded realized and unrealized losses on financial investments and foreign currency during the reported period, compared with gains in the prior year.The board declared a final dividend of AU$0.0775 per share, unchanged from the prior corresponding period, payable Oct. 21 to shareholders on record as of Oct. 9.It is targeting a fiscal 2027 full-year dividend of AU$0.08, comprising an interim dividend of AU$0.04 per share and a final dividend of AU$0.04 per share.Shares fell 17% in morning trade on Friday.
