Financial Results

Financial performance for half year ended 31 December 2023

Dear Shareholder

The Brisbane Markets Limited (BML) Board has approved the financial results for the half-year ended 31 December 2023, which have been reviewed by the company’s auditors, BDO.

The group achieved an operating profit before tax (excluding the valuation adjustment and Perth Markets Limited contribution) for the half-year of $7.74 million, which represents a decline of 2.03% when compared to the same period last year. The core trading performance has again been impacted by insurance cost increases and interest rate increases.

The statutory net profit of the group after income tax for the half-year ended 31 December 2023 was a loss of $4.77 million, with a significant impact associated with the property valuation.

The results reflect a reduction in the carrying value of the property of $14.75 million, with the fair value of BML’s properties recorded at $413 million at 31 December 2023.

Total Assets have reduced by 0.18% since June 2023 to $501.9 million.

Net Assets have decreased by 4.21% since June 2023 to $238.9 million.

Net Assets per share is $4.38 as at 31 December 2023.

A range of achievements for the period are outlined in the Report to Shareholders as well as a more detailed overview of the results in the full Financial Report.


The Board of Directors is pleased to advise shareholders that it has declared an interim dividend for the half-year of 9.0 cents per share. This dividend reflects the continuing solid underlying performance for the period, and the dividend being unfranked.

The dividend will be paid on Tuesday, 12 April 2024 to shareholders on the share register of the company at 5pm on 26 March 2024.


BML received a significant tax deduction on lodgement of the 2023 income tax return, relating to the immediate asset write off provisions and eligible expenditure that qualified for this write off on completion of Building H1. The immediate asset write off rules were introduced by the Federal Government during the COVID-19 pandemic as a means of stimulating spending between 2020 and 2023, providing an immediate tax deduction for certain capital expenditure items.

Accordingly, BML must pay an unfranked dividend, as the company does not have sufficient franking credits. This is a one-off unfranked dividend, and we are confident that we can return to paying fully franked dividends from the next dividend payment.

Any shareholder who has not quoted a Tax File Number with Computershare by 26 March 2024 will have tax deducted from the payment at the rate of 47%. We urge all shareholders to check their holding account with Computershare and ensure that their tax file number is quoted (

Mandatory Direct Credit

We also remind shareholder that dividends are now exclusively paid by direct credit to your bank account. No cheque payments will be made to shareholders. Please update your bank account details to ensure that you receive the dividend payment (


BML will provide ongoing updates to shareholders in relation to any significant matters that may occur. BML will continue to make all shareholder announcements available on its website. In addition, BML will also continue to email shareholders where an email address has been supplied or mail the relevant information to shareholders where we do not hold an email address.

We encourage all shareholders to receive updates by email, and direct payment of dividends to your bank account. Shareholders can update communication preferences and arrange for direct credit of dividends to your bank account via the investor page at or contact Computershare on 1300 850 505.


To view the full Financial Report for the half-year ended 31 December 2023, please download it here.

Andrew Young

Managing Director and CEO


For more information on your investment in Brisbane Markets Limited, please call our Corporate Department on (07) 3915 4200 or email via the button below.