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How Australian Foundation Investment Company Limited makes money — FY2025
Revenue $328.1m · Net profit $285.0m (86.8% of revenue)
Band widths are proportional to NZD amounts. Dashed outlines mark derived figures; the hatched node is a balancing item (net profit less every line above it).
| FY2025 | Amount | Status | Note |
|---|---|---|---|
| Revenue | $328.1m | Reported | |
| Operating expenses (incl. depreciation) | −$20.7m | Reported | |
| Depreciation & amortisation | — | Not reported | |
| EBIT | $307.4m | Reported | |
| Interest (net finance costs) | −$1.2m | Reported | |
| Income tax | −$21.3m | Reported | |
| Other items (net gain) | +$0 | Balancing item * | Net profit less the lines above; covers fair-value movements, impairments, associates and anything else not itemised. |
| Net profit | $285.0m | Reported |
Figures extracted automatically from the annual report; check against the report. NZD thousands as stored, shown in millions. Source: annual_report_pdf · method: claude_haiku_pdf · extracted 7 March 2026.
Annual report: Australian Foundation Investment Company Limited Annual Report (PDF, NZX)
Australian Foundation Investment Company Limited board of directors
8 current directors, average tenure 5.1 years.
| Director | Role | Independent | Appointed | Tenure | Committees |
|---|---|---|---|---|---|
| Craig Drummond | Chair | Yes | 2023 | 3.1 yrs | Nomination Committee (Chair), Remuneration Committee (Chair), Audit & Risk Committee |
| Tom Palmer | Director | Not recorded | 2026 | 0.0 yrs | — |
| Graeme Liebelt | Independent Director | Yes | 2012 | 14.4 yrs | Audit & Risk Committee |
| Julie Fahey | Independent Director | Yes | 2021 | 5.5 yrs | Nomination Committee (Chair), Remuneration Committee (Chair), Audit & Risk Committee (Chair) |
| Not provided in extracted text | Non-Independent Director | No | — | — | — |
| Rebecca Dee-Bradbury | Independent Director | Yes | 2019 | 7.5 yrs | Remuneration Committee, Nomination Committee (Chair), Audit & Risk Committee (Chair) |
| Richard Murray | Independent Director | Yes | 2024 | 2.8 yrs | Audit & Risk Committee, Nomination Committee |
| Katie Hudson | Independent Director | Yes | 2024 | 2.8 yrs | Audit & Risk Committee, Nomination Committee |
AFI governance score breakdown
Australian Foundation Investment Company Limited scores 92/100 (Excellent) on the NZXplorer Governance Risk Score for FY2026, based on 73% data coverage. See the GRS methodology.
- Board structure
- 25/25
- Shareholder rights
- 20/20
- Executive remuneration
- 6.5/10
AFI dividends
The most recent Australian Foundation Investment Company Limited dividend on record is 9.25 cents per share, for FY2026 (interim), ex-dividend 15 Oct 2026, paid 12 Nov 2026.
Australian Foundation Investment Company Limited largest shareholders
Top 10 registered holders of AFI as disclosed for FY2025. Registry holdings include custodians and nominees, which may hold on behalf of many underlying investors.
| # | Holder | Holding |
|---|---|---|
| 1 | HSBC Custody Nominees (Australia) Limited | 3.31% |
| 2 | Evanson Pty Ltd | 1.52% |
| 3 | Citicorp Nominees Pty Limited | 1.22% |
| 4 | Netwealth Investments Limited <Wrap Services A/C> | 1.02% |
| 5 | BNP Paribas Nominees Pty Ltd <HUB24 Custodial Serv Ltd> | 0.71% |
| 6 | IOOF Investment Services Limited <IPS Superfund A/C> | 0.57% |
| 7 | IOOF Investment Services Limited <IOOF idps A/C> | 0.46% |
| 8 | HMS Nominees Ltd | 0.38% |
| 9 | Netwealth Investments Limited <Super Services A/C> | 0.36% |
| 10 | Custodial Services Limited <Beneficiaries Holding A/C> | 0.27% |
Recent AFI NZX announcements
The 10 most recent filings by Australian Foundation Investment Company Limited to the NZX.
- AFIC Dividend Information DRP/DSSP and foreign currencyDividend
- Weekly Estimated NTA as at 16 October 2026Market Update
- Notification of BuybackShare Buyback
- Appendix 3Y - Change of Director's Interest NoticeInsider/Shareholder Notice
- Notification of buy-backShare Buyback
- Appendix 3XOther
- Notification of buy-backShare Buyback
- Notification of buy-backShare Buyback
- Weekly Estimated NTA as at 9 October 2026Market Update
- Notification of buy-backShare Buyback
Australian Foundation Investment Company Limited (AFI) — frequently asked questions
What does Australian Foundation Investment Company Limited do?
AFT Pharmaceuticals develops, manufactures, and markets pharmaceutical products including pain management, eye care, and consumer healthcare products sold in over 100 countries globally. Australian Foundation Investment Company Limited is listed on the NZX under the ticker AFI, in the Financials sector.
What is the Australian Foundation Investment Company Limited (AFI) share price?
Australian Foundation Investment Company Limited (NZX:AFI) shares closed at $8.20 on 22 October 2026, up 0.85% on the previous close. At that price its market capitalisation was about $10.33 billion, based on 1,259,418,258 shares on issue as at 25 February 2026.
Who are the directors of Australian Foundation Investment Company Limited?
Australian Foundation Investment Company Limited has 8 current directors: Craig Drummond (Chair), Tom Palmer (Director), Graeme Liebelt (Independent Director), Julie Fahey (Independent Director), Not provided in extracted text (Non-Independent Director), Rebecca Dee-Bradbury (Independent Director), Richard Murray (Independent Director) and Katie Hudson (Independent Director).
Who is the chair of Australian Foundation Investment Company Limited?
Craig Drummond chairs the Australian Foundation Investment Company Limited board, and has been a director since 2023.
Who is the CEO of Australian Foundation Investment Company Limited?
Mark Freeman is the Managing Director / Chief Executive Officer of Australian Foundation Investment Company Limited.
What was Australian Foundation Investment Company Limited's most recent dividend?
The most recent Australian Foundation Investment Company Limited dividend on record is 9.25 cents per share for FY2026 (interim), ex-dividend 15 October 2026, paid 12 November 2026.
Who are the largest shareholders of Australian Foundation Investment Company Limited?
The largest registered holder of AFI shares in the FY2025 top-20 register was HSBC Custody Nominees (Australia) Limited, with 3.31%, followed by Evanson Pty Ltd (1.52%) and Citicorp Nominees Pty Limited (1.22%). Custodians and nominees on the register hold shares on behalf of other investors.
What is Australian Foundation Investment Company Limited's governance score?
Australian Foundation Investment Company Limited has an NZXplorer Governance Risk Score of 92/100 (Excellent) for FY2026, based on 73% data coverage.
When was the last Australian Foundation Investment Company Limited annual meeting?
The most recent Australian Foundation Investment Company Limited annual meeting on record was held on 1 October 2026.
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