Australian United Investment Company Limited (ASX: AUI) has delivered another month of steady performance. The Company’s Net Tangible Asset backing climbed to $13.11 per share as at 31 December 2025.
Figure 1: Australian commercial buildings symbolising institutional investment strength and long-term capital growth. [source: Australian United Investment ]
This marks an increase from $13.06 per share recorded just one month earlier. The figures reflect the Company’s disciplined approach to portfolio management and its focus on high-quality Australian equities across diversified sectors.
Australian United Investment NTA: December 2025 Key Numbers
The Company remains a long-term investor with no intention of disposing of its total portfolio. However, under current accounting standards, a theoretical disposal provision must be calculated. After deducting this estimated tax provision, the AUI NTA December 2025 figure would be $10.69 per share.
Australian United Investment NTA continues to reflect the strength of its underlying holdings. The monthly movement demonstrates resilience despite market volatility.
Portfolio Composition and Leading Holdings
Australian United Investment’s portfolio totalled $1.716 billion as at 31 December 2025, including cash and equivalents. The Company held $23 million in cash and equivalents, providing flexibility for future opportunities.
The top 25 investments represented 90.8 per cent of the total portfolio. Commonwealth Bank remained the largest holding at $160.6 million, accounting for 9.4 per cent of the portfolio. BHP Group followed with $122.8 million or 7.2 per cent exposure.
Figure 2: Australian United Investment Company’s top 25 holdings and sector allocation as at December 2025. [source: Marketindex]
Rio Tinto held the third position at $110.1 million, representing 6.4 per cent of the portfolio. Wesfarmers contributed $105.4 million or 6.1 per cent, while ANZ Group accounted for $87.2 million or 5.1 per cent.
Diversified United Investment and Transurban each represented 4.6 per cent of the portfolio. Westpac Banking Corporation held 4.5 per cent, while CSL contributed 4.0 per cent. ResMed rounded out the top ten with a 3.8 per cent allocation.
Options remained outstanding against portions of both Commonwealth Bank and Wesfarmers holdings. This strategic approach allows the Company to generate additional income while maintaining core positions.
AUI Monthly NTA Report: Shareholder Returns
Australian United Investment declared 45 cents in dividends over the previous 12 months. This included both ordinary and special dividends, maintaining the Company’s commitment to sustainable shareholder returns.
The Company’s dividend policy focuses on providing income to shareholders that is sustainable over the long term. Full franking is maintained when possible, adding value for Australian taxpayers.
Figure 3: Modern office architecture reflecting Australia’s financial and corporate landscape. [source: Australian United Investment]
The AUI Monthly NTA Report demonstrates how performance supports the continuation of this dividend approach. The Company’s focus on quality Australian companies with strong dividend profiles underpins its ability to maintain distributions. Each AUI Monthly NTA Report provides transparency on portfolio value and investment positioning.
Borrowing Facilities and Capital Management
The Company maintained debt facilities totalling $125 million as at 31 December 2025. Of this amount, $90 million had been drawn, leaving $35 million available for strategic opportunities.
Australian United Investment’s conservative gearing approach supports its long-term investment strategy. The management expense ratio remained at 0.10 per cent as at 30 June 2025, demonstrating operational efficiency.
Net debt as a proportion of the portfolio remains modest. This positioning provides the Company with flexibility to act on investment opportunities while maintaining financial stability.
Share Price Performance
Australian United Investment shares last traded at $11.290. The Company’s market capitalisation stood at $1.39 billion as at the date of announcement.
Figure 4: Australian United Investment Company (ASX: AUI) share price performance over the past six months. [source: ASX]
Over the 52-week period, AUI shares traded within a range of $9.670 to $11.760 per share. The current share price sits comfortably within this range, reflecting steady investor confidence.
Investment Philosophy and Long-Term Focus
The Company’s investment strategy centres on creating and maintaining a diversified portfolio of quality Australian companies. Holdings are primarily in shares listed on the ASX, with a medium to long-term view.
Australian United Investment seeks to provide both income and capital appreciation. The Company monitors the portfolio to reduce risks and identify market opportunities as they arise.
The average age of holdings across the portfolio is 17 years. Remarkably, 66 per cent of the portfolio has been held for longer than 10 years, demonstrating true long-term conviction.
This patient approach allows the Company to look through short-term market noise. By focusing on quality businesses with strong fundamentals, Australian United Investment builds value over time.
Final Thoughts
Australian United Investment NTA for December 2025 reflects consistent value creation. The Company’s disciplined approach to investing in quality Australian businesses continues to deliver results.
With a well-diversified portfolio, conservative gearing, and a focus on sustainable dividends, the Company remains positioned for long-term success. The monthly AUI NTA December 2025 update demonstrates the strength of patient, quality-focused investing.
As markets navigate uncertainty, Australian United Investment’s strategy provides shareholders with exposure to Australia’s leading companies. The combination of growth potential and income generation remains attractive for long-term investors. The AUI Monthly NTA Report serves as a valuable tool for tracking portfolio progress throughout the year.
Also Read: St George Mining Extends Araxá Footprint as High-Grade Niobium Discovery Opens Northwest Zone
FAQs
Q1. What was Australian United Investment NTA as at 31 December 2025?
Ans. The AUI NTA December 2025 stood at $13.11 per share before estimated tax on unrealised gains. After deducting the theoretical tax provision, the figure was $10.69 per share.
Q2. What are the top three holdings in the Australian United Investment portfolio?
Ans. Commonwealth Bank leads at $160.6 million, followed by BHP Group at $122.8 million and Rio Tinto at $110.1 million.
Q3. How much debt does Australian United Investment currently have drawn?
Ans. The Company had drawn $90 million from its $125 million in available debt facilities as at 31 December 2025.
Q4. How does the AUI Monthly NTA Report help investors?
Ans. The AUI Monthly NTA Report provides regular updates on portfolio value, allowing shareholders to track Net Tangible Asset backing throughout the year and make informed investment decisions.
