ASX-listed know-how investor Bailador Expertise Investments made a internet revenue after tax of $19.3 million, with two startups DASH and Updoc, main the best way
The corporate (ASX:BTI) declared a ultimate dividend declared of three.6 cents per share fully-franked, for an annualised grossed-up yield of 8.1%.
The portfolio return was 7.8% in any case charges and tax. Bailador says its internet portfolio return, post-tax in any case charges, is now 11.2% after 5 years, and the each year shareholder return for a similar interval, 16.8%.
After maintaining its powder dry for 12 months, $40.8m in money was deployed in FY2025, together with for 2 new portfolio firms: PropHero, which rating $12.5 million in February, and $7.7m for Hapana, 12 months in the past.
Bailador invested in 5 startups total, with three follow-on investments in portfolio firms Entry Telehealth, DASH and Rosterfy totalling $20.6m Bailador elevated the carrying worth of 4 of these investments.
Having tipped $30m into DASH in FY24-25 ($25m fairness, $5m debt), the fund gave it a $14.7m uplift in FY25 when the monetary recommendation platform raised in June 2025 at a valuation 59% above Bailador’s fairness carrying worth.
Might 2024’s $20m funding in Updoc noticed Bailador enhance the carrying worth by $17.2m (86%), whereas Entry Telehealth’s carrying worth rose by $5.5m (21%), and Hapana went up $3.9m (50%).
In the meantime, the partial sale of its SiteMinder funding delivered $20 million. Cofounder and managing accomplice David Kirk mentioned the funding agency was “enthusiastic” concerning the yr forward after 2025.
“We’re significantly happy with the efficiency of our personal portfolio, which delivered a gross return for FY25 of 33%. DASH and Updoc, our two largest personal investments had been standout performers,” he mentioned.
His cofounder, Paul Wilson, mentioned Bailador’s portfolio valuation stays conservative versus the market multiples.
“Bailador has a powerful historical past of being conservative in our strategy to valuations and realising our investments above the worth we’re holding them at,” he mentioned.
“Because the fund strikes into one other cycle of realisations, we will likely be working onerous to proceed this track-record.”
Bailador additionally affords a Dividend Reinvestment Plan at a 2.5% low cost for anybody eager to plough the returns again into the fund.
