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RIVCO AUSTRALIA LTD Net Asset Value 2026
65706_rns_2026-05-14_30c14b6c-fe51-47ce-bd4c-ed300f8515ab.pdf
Net Asset Value
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RIVCO AUSTRALIA
Monthly Report
April 2026
| Net Asset Value (Pre-tax) | Net Asset Value (Post-tax) | Closing Share Price |
|---|---|---|
| $1.75 | ||
| per share | ||
| (unaudited) | $1.59 | |
| per share | ||
| (unaudited) | $1.42 | |
| per share |
SHARES ON ISSUE: 159,064,166
OPTIONS ON ISSUE: 38,165,498
MARKET CAP: $226 million
Key Highlights
- Pre-tax NAV decreased by 5 cents per share during the month, primarily reflecting the 3.72 cps fully franked dividend paid on 30 April 2026.
- Executed a new five-year lease with Kyndalyn Park Pty Ltd, a wholly owned subsidiary of Select Harvests Limited, to commence on 1 July 2026.
- From 1 July 2026, 82% of the portfolio is leased. These lease contracts are expected to generate $10.6 million of lease revenue in the 2026/27 water year.
- Ed Peter and Dirk Wiedmann both retired from the Board during the month. The Company would like to acknowledge their longstanding contribution and commitment to Rivco over the past 10 years.
- The Company's listed bonus options (ASX:RIVOA), which were issued to all shareholders in 2023, expired on 10 May 2026.
Company Snapshot
| $306m
TOTAL WATER ASSETS | 60.8 GL
WATER ENTITLEMENTS | 52%
LEASED % OF PORTFOLIO |
| --- | --- | --- |
| 3.0 yrs
WEIGHTED AVERAGE LEASE EXPIRY (WALE) | 7.5%
DIVIDEND YIELD (GROSS)¹ | 5.2%
DIVIDEND YIELD (CASH)² |
- Calculated as the cash dividends paid over the previous 12 months, grossed up for franking credits, divided by the EOM share price.
- Calculated as the cash dividends paid over the previous 12 months, divided by the EOM share price (relevant for non-resident investors).
Southern Basin Dam Storages – 30 April 2026
| Dartmouth | Hume | Eildon | Blowering | Burrinjuck | Menindee | Average* | |
|---|---|---|---|---|---|---|---|
| Current Month | 65% | 22% | 41% | 23% | 38% | 33% | 40% |
| Previous Month | 65% | 27% | 43% | 20% | 38% | 30% | 41% |
| Previous Year | 77% | 21% | 61% | 33% | 43% | 34% | 49% |
- Weighted Average
Awarded Allocation Percentages – 1 May 2026
| Goulburn | VIC Murray | NSW Murray | Murrumbidgee | SA Murray | |
|---|---|---|---|---|---|
| High Security | 81% | 100% | 97% | 95% | 100% |
| General Security* | 0% | 0% | 20% | 32% | N/A |
*General Security entitlements in NSW share similar characteristics to Low Reliability entitlements in Victoria.
Contact Details
Lachlan Campbell
Executive Manager - Corporate
[email protected]
+61 410 107 158
Lachlan Beech
Executive Manager – Portfolio & Trading
[email protected]
+61 414 742 197
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This announcement has been authorised for release by the Chairman of Rivco Australia Limited ("Rivco" or "the Company").
This document contains summary information about Rivco, its subsidiaries and their respective activities current as at the date of this document unless otherwise stated. This document does not contain all the information about Rivco's assets and liabilities, financial position and performance, profits and losses and prospects and does not purport to be complete or comprise all information which is relevant to an investment decision or that would be required in a prospectus or product disclosure statement prepared in accordance with the requirements of the Corporations Act 2001 (Cth).
This document should be read in conjunction with Rivco's other periodic and continuous disclosure announcements lodged with ASX which are available at www.asx.com.au.
The release, publication or distribution of this document (including an electronic copy) outside of Australia may be restricted by law.
This document may contain forward looking statements, including statements regarding Rivco's intentions, beliefs or current expectations about its business and operations, and market conditions. Forward looking statements are provided as a general guide only and should not be relied upon as an indication or guarantee of future performance.
This document does not constitute investment, tax, legal or any other form of advice or recommendation and was prepared without regard to the specific objectives, financial situation or needs of any particular person. Before making an investment decision, you should make your own enquiries and investigations and obtain your own professional advice.
Rivco Australia Limited (ASX:RIV)