Wam Income Maximiser Limited · ASX:WMX
Wam Income Maximiser — Wilson Asset Management — FY2025 Earnings Presentation
9 slides from Wam Income Maximiser's earnings presentation, September 2025
Slide 1: FY2025 Full Year Results Webinar
Access the recording FY2025 Full Year Results Webinar Tobias Yao Shaun Weick Portfolio Manager Deputy Portfolio Manager
Slide 2: Disclaimer
Disclaimer Wilson Asset Management and their related entities and each of their respective directors, officers and agents (together the Disclosers) have prepared the information contained in these materials in good faith. However, no warranty (express or implied) is made as to the accuracy, complete
Slide 3: FY2025 Full Year Results
FY2025 Full Year Results WAM Capital WAM Microcap WAM Research WAM Active +22.2% +18.8% +22.4% +26.4% Investment portfolio performance Investment portfolio performance Investment portfolio performance Investment portfolio performance in FY2025* in FY2025^ in FY2025# in FY2025# +9.9% +6.5% +10.1% +22
Slide 4: Dividend snapshot
FY2025 Full Year Results Dividend snapshot WAM Capital WAM Microcap WAM Research WAM Active 15.5 cps 10.6 cps 10.0 cps 6.0 cps Full year dividend, 60% franked Fully franked full year dividend Full year dividend, 60% franked Fully franked full year dividend 7.75 cps 5.3 cps 5.0 cps 3.0 cps Final divi
Slide 5: Underperformance of small cap companies vs. large cap companies
Underperformance of small cap companies vs. large cap companies 2,000.00 5 4.5 1,800.00 4 1,600.00 3.5 1,400.00 3 1,200.00 2.5 2 1,000.00 1.5 800.00 1 600.00 0.5 400.00 0 Sep 2015 Sep 2016 Sep 2017 Sep 2018 Sep 2019 Sep 2020 Sep 2021 Sep 2022 Sep 2023 Sep 2024 Sep 2025 S&P/ASX All Ordinaries Accumul
Slide 6: Australian small cap vs. large cap companies, price-to-earnings relative
Australian small cap vs. large cap companies, price-to-earnings* relative 1.3 1.2 1.1 1.0 0.9 0.8 0.7 0.6 2005 2009 2013 2017 2021 2025 Source: UBS, LSEG, *forward PE 6
Slide 7: Stock picks
Stock picks Tuas Energy One Tasmea Zip Co Mobile network operator Software products supplier Specialist trade skill services Digital financial services business company (ASX: TUA) (ASX: EOL) (ASX: TEA) (ASX: ZIP) 7
Slide 8: Q&A
Q&A Get in touch Join more info@wilsonassetmanagement.com.au (02) 9247 6755 than 95,000 www.wilsonassetmanagement.com.au weekly readers 8
Slide 9: Shareholder Presentations
Register here: Shareholder Presentations The Wilson Asset Management and Newcastle Thursday 16 October 2025 Future Generation teams look forward to Gold Coast Tuesday 21 October 2025 meeting with our shareholders across Toowoomba Wednesday 22 October 2025 the country. Noosa Thursday 23 October 2025
Wilson Asset Management — FY2025 Earnings Presentation on 6ix