Ryder Capital Limited has delivered a remarkable Ryder Capital return of 61.0% to shareholders over the 12 months ending 31 December 2025. The Ryder Capital 61% return stands out sharply against the broader Australian market, which returned just 12.7% during the same period, highlighting exceptional LIC performance Australia.
  
Figure 1: Ryder Capital Limited logo, representing the Company’s listed investment operations in Australia. [Australian Securities Exchange]
The listed investment Company (LIC) achieved this through concentrated investments in quality businesses trading below intrinsic value. Ryder Capital’s portfolio return significantly outperformed the S&P/ASX 200 Accumulation Index, reflecting disciplined stock selection and patient capital deployment across market cycles.
Ryder Capital Return Outpaces Benchmark by Wide Margin
Ryder Capital’s portfolio return of 52.8% for the 12 months exceeded the benchmark by 40.1 percentage points, supporting the broader Ryder Capital return narrative. The Company’s NTA (Net Tangible Assets) per share climbed to $2.32 as of 31 December 2025, up from $1.54 a year earlier, strengthening confidence in LIC performance Australia.
The LIC performance Australia has varied widely across the sector, but Ryder Capital’s concentrated approach appears to have paid dividends. The Company holds between 10 and 25 stocks at any given time, allowing management to focus deeply on each position. This strategy contrasts with more diversified peers and has enabled stronger returns during periods of market volatility.
Figure 2: Conceptual illustration showing capital growth through disciplined long-term investing strategies. [Freepik]
Management noted that the portfolio benefited from strong performance in several core holdings. The Company maintained exposure to businesses with sustainable competitive advantages and capable management teams.
Market Premium Reflects Investor Confidence
Ryder Capital shares closed at $2.01 on 24 January 2026, near the top of their 52-week range of $1.12 to $2.03. The stock trades at a modest discount to the NTA per share of $2.32, suggesting investors recognise the quality of the underlying portfolio.
Figure 3: Ryder Capital share price performance over the past year, highlighting steady upward momentum. [Australian Securities Exchange]
The Company’s market capitalisation stood at $159.48 million as of the latest trading session. Share price performance has closely tracked the improvement in net asset value, with the discount to NTA narrowing considerably from earlier in 2025.
Shareholder Benefits Include Franking Credits
Ryder Capital paid a fully franked dividend of 8.0 cents per share for the financial year ending 30 June 2025. The dividend represents a yield of approximately 4.0% based on the current share price.
The Company targets a dividend payout ratio of 1% to 2% of net asset value annually. Dividends are paid once yearly, typically in September following the financial year end. All distributions are fully franked, providing valuable tax credits to eligible Australian shareholders.
This combination of capital growth and franked income makes Ryder Capital attractive to both accumulation and income-focused investors. The LIC structure allows the Company to smooth dividend payments and maintain franking credit reserves for future distributions.
Management Team Brings Extensive Experience
The portfolio is managed by Jonathan Trollip and Michael Guardado, who bring decades of combined investment experience. The team previously worked together at funds management businesses before establishing Ryder Capital.
Figure 4: Jonathan Trollip, portfolio manager at Ryder Capital Limited. [Kore Potash]
Management owns a significant stake in the Company, aligning their interests with external shareholders. This skin in the game ensures that portfolio decisions are made with the same care as if managing personal wealth.
The investment team focuses exclusively on Australian and New Zealand equities. This geographic focus allows deep knowledge of local markets and access to company management teams. The specialisation contributes to the strong Ryder Capital 61% return delivered to shareholders.
About Ryder Capital Limited
Ryder Capital Limited is a listed investment Company focused on generating long-term capital growth and tax-effective income for shareholders. The Company invests in a concentrated portfolio of 10 to 25 Australian and New Zealand stocks.
The investment philosophy centres on buying quality businesses with sustainable competitive advantages when they trade below intrinsic value. Ryder Capital typically holds positions for three to five years, allowing time for the investment thesis to play out.
The Company is managed by Jonathan Trollip and Michael Guardado, who have extensive experience in Australian equity markets. Ryder Capital is listed on the Australian Securities Exchange under the ticker RYD.
Final Thoughts
Ryder Capital 61% return over the 12 months ending December 2025 demonstrates the potential of concentrated, value-oriented investing. The sustained Ryder Capital return positions the Company as a standout example of strong LIC performance Australia.
As market conditions evolve, Ryder Capital’s disciplined approach and focus on quality businesses should continue to serve shareholders effectively. The LIC structure provides a tax-effective vehicle for investors seeking actively managed exposure to Australian equities.
FAQs
Q1. What return did Ryder Capital deliver in 2025?
Ans. Ryder Capital delivered a 61.0% return to shareholders for the 12 months ending 31 December 2025, significantly outperforming the S&P/ASX 200 Accumulation Index return of 12.7%.
Q2. How does Ryder Capital’s performance compare to other LICs?
Ans. The LIC performance Australia varies across managers, but Ryder Capital 61% return ranks among the strongest in the sector. The Company’s concentrated portfolio approach contributed to this outperformance.
Q3. What is Ryder Capital’s investment strategy?
Ans. Ryder Capital invests in a concentrated portfolio of 10 to 25 quality Australian and New Zealand stocks trading below intrinsic value. The Company holds positions for three to five years.
Q4. Does Ryder Capital pay dividends?
Ans. Yes, Ryder Capital paid a fully franked dividend of 8.0 cents per share for the financial year ending 30 June 2025. Dividends are typically paid annually in September.
