Carlton Investments

Name

Carlton Investments

Legal name

Carlton Investments Limited

Website

https://carltoninvestments.com.au

Company type

Public

Founded year

1928

Operating status

Operating

Headcount range

1–10 employees

Ownership category

akta.pro rank

Headquarters

HQ city

Sydney

HQ country

Australia

HQ region

Oceania

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Others

Revenue model

1. Dividend Income: Primary revenue from fully franked dividends received from investments in established Australian listed entities. Dividends are passed through to shareholders after covering administration costs.
2. Capital Gains: Long-term capital appreciation from investments held for extended periods. Disposals occur only through takeovers, mergers, or exceptional circumstances, generating realized capital gains.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

Carlton Investments Limited is a long-established Australian listed investment company (ASX: CIN) that acquires and holds shares and units in established, well-managed ASX-listed entities for the long term. Its portfolio of 80+ entities generated a total market value of $1,255,395 thousand as at 30 June 2025, with revenue primarily from fully franked dividends passed through to shareholders.

Product overview

Carlton Investments Limited is a long-established investment company listed on the Australian Securities Exchange (ASX: CIN). The company does not offer a technology product or software platform. Its core business is investment management — specifically, acquiring and holding shares and units in established, well-managed Australian listed entities with a focus on sustainable income through fully franked dividends and long-term capital growth. The company releases Net Tangible Asset (NTA) backing per ordinary share monthly and maintains a diversified portfolio across over 80 entities, with significant holdings in EVT Limited, major Australian banks, and resources companies.

Differentiator

Problem solved

Functional benefit

Products and services

• Carlton Investments Limited Ordinary Shares (ASX: CIN) Tradeable equity instrument giving investors exposure to Carlton's diversified portfolio of 80+ ASX-listed entities, with returns delivered through fully franked dividends and long-term capital growth. Suitable for income-focused individual shareholders, SMSFs, and institutional investors.
• Diversified ASX Equity Investment Portfolio The underlying long-term portfolio of shares and units in 80+ ASX-listed entities (total market value $1,255,395 thousand as at 30 June 2025), providing diversified Australian equity exposure. Significant holdings include 32.9% of EVT Limited, with sector allocation across media/entertainment (40.86%), banks (25.44%), metals and mining (7.19%), consumer discretionary and staples (6.96%), energy and utilities (5.81%), and others.
• Fully Franked Dividend Distributions Periodic cash distributions to shareholders from portfolio dividend income, with 100% franking credits attached so that Australian shareholders receive the full franking tax benefit, materially boosting after-tax yield.

Quantifiable outcome

• 0.8% MER (Management Expense Ratio) - one of the lowest in the investment company sector
• +2 more outcomes

Named customers2 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators8 records

Recent moves5 records

Expansion highlights3 records

Direct peers

• Plato Income Maximiser: Plato Income Maximiser (ASX: PL8) is an Australian LIC that targets fully franked dividend income from a portfolio of Australian equities and option overlays. It is comparable to Carlton as an LIC focused on franked dividend income for Australian investors.
• WAM Capital: WAM Capital (ASX: WAM) is an Australian LIC run by Wilson Asset Management with a value-oriented, more actively-traded approach to listed equities. It is comparable as a peer LIC structure, though it differs stylistically from Carlton's passive long-term approach.
• BKI Investment Company: BKI (ASX: BKI) is an Australian LIC that invests in a diversified portfolio of Australian equities with a long-term horizon and pays fully franked dividends. It is highly comparable to Carlton given its LIC structure, dividend focus, and low-cost operating model.
• Argo Investments: Argo Investments (ASX: ARG) is one of Australia's largest LICs with a diversified portfolio of Australian listed equities and a long-term buy-and-hold philosophy. It is a near-perfect direct peer to Carlton given similar strategy, low MER, franked dividend focus, and zero-debt balance sheet.
• Whitefield Ltd: Whitefield (ASX: WHF) is an Australian LIC that invests in a diversified portfolio of Australian equities with a focus on long-term capital growth and income. It is comparable to Carlton given its LIC structure and Australian equity mandate.
• Australian Foundation Investment Company: AFIC (ASX: AFI) is Australia's oldest and largest LIC, investing in a diversified portfolio of ASX-listed entities with a long-term horizon and very low MER. It is a direct peer to Carlton given its structurally similar LIC model, franked dividend mandate, and conservative balance sheet.
• Djerriwarrh Investments: Djerriwarrh (ASX: DJW) is an Australian LIC that invests in Australian equities with an income focus and active option-selling overlay. It is comparable to Carlton as a peer LIC structure, though it overlays a more active income-generation strategy on top of the underlying equity portfolio.
• Milton Corporation: Milton Corporation (ASX: MLT) is an Australian LIC with a diversified portfolio of ASX-listed equities and a long-term buy-and-hold strategy. It is a direct peer to Carlton given its similar LIC structure, dividend mandate, and conservative operating approach.
• Perpetual Equity Investment Company: PIC (ASX: PIC) is an Australian LIC managed by Perpetual that invests in Australian securities with absolute-return mandates. It is a peer LIC structure, though with more active management than Carlton's passive style.
• AMCIL Limited: AMCIL (ASX: AMH) is an Australian LIC that invests in a concentrated portfolio of ASX-listed mid and large-cap equities with a long-term horizon. It is a direct peer to Carlton in the LIC category, though with fewer holdings and more concentrated positions.

Market position

Strengths1 record

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Carlton Investments