MEDIA RELEASE
Bailador Technology Investments Limited Half Year 2024 Results ASX-listed technology expansion capital fund, Bailador Technology Investments Limited (“Bailador”, ASX:BTI), is pleased to release its interim financial results for the six months ending 31 December 2023 (“HY24”).
Key HY24 highlights include:
• Net profit attributable to shareholders totalling $22.0m (up $27.2m on HY23)
• Interim dividend declared totalling 3.5 cents per share fully franked represents an annualised 5.2% yield on BTI shares1 (7.0% on a grossed up basis)
• Post-tax NTA per share up 8% to $1.64; up 10% after including dividends paid in September 2023
• The BTI portfolio ended 2023 in a strong position with combined portfolio revenue of $379m (41% growth over last 12 months)
• $52m cash proceeds2 from full cash realisation of InstantScripts delivered 61% IRR
• $29m of capital deployed over the last 12 months across new and existing portfolio companies
• Dividend reinvestment plan (“DRP”) active with a 2.5% discount
• BTI is well positioned with Net Cash3 of $94m (Dec-23) to take advantage of additional investment opportunities
happy to add a wee bit more IRL