Orion Equities Limited

What Orion Equities Limited does

Orion Equities Limited (ASX: OEQ) is an Australian Listed Investment Company (LIC) that invests in listed Australian and international companies and Australian property. The company was incorporated on 18 December 1969 in New South Wales, originally as Archean Mining Investments Limited, and was re-admitted to the ASX as an investment entity under its current name on 8 July 2004. The company pursues two investment strategies: Strategic Investments (where it exerts influence through board representation or active management involvement to enhance shareholder value) and Non-Strategic Investments (passive positions taken on market mis-pricings without active management involvement).

The company's investment portfolio as of 30 June 2025 was allocated 5% to Australian equities, 32% to investment property, and 63% to net cash/other assets and provisions. Major equity holdings include Bentley Capital Limited (ASX: BEL) at 3% of net assets and Strike Resources Limited (ASX: SRK). Orion Equities operates two wholly owned subsidiaries: Silver Sands Developments Pty Ltd (property development) and CXM Pty Limited. The company manages its portfolio internally through its Board of Directors and Investment Committee, without engaging an external investment manager, and distributes at least 50% of available net profits from investment income as franked dividends to shareholders.

The company is headquartered in Perth, Western Australia, with 1-10 employees, and its shares are traded on the ASX with Automic serving as share registry. Board leadership comprises Executive Chairman Farooq Khan (appointed director 2006, chairman since 2015), Executive Director and Company Secretary Victor Ho (executive since 2003), and Non-Executive Director Yaqoob Khan (since 1999). NTA backing was 40.83 cents per share as at June 2026, with the FY2025-2026 range between 40.47 and 42.96 cents per share.

Name

Orion Equities Limited

Legal name

Orion Equities Limited

Website

https://orionequities.com.au

Company type

Public

Founded year

1969

Operating status

Operating

Headcount range

1–10 employees

Short description

Orion Equities Limited (ASX: OEQ) is an Australian Listed Investment Company that invests in listed Australian and international equities and Australian property. It serves retail and institutional shareholders with two strategies: strategic (influence-based) and non-strategic (opportunistic) investments, distributing franked dividends.

Ownership category

akta.pro rank

Product category

Listed Investment Company

NAICS

All Other Financial Investment Activities (52399)

SIC

Investors, Nec (6799)

akta.pro primary industry

International/Ex-U.S. Developed Equity (Active) (FSAAAIAE)

Keywords

• Listed investment company
• Investment management
• Australian equities
• Property investment
• Franked dividends

Headquarters

HQ city

Perth

HQ country

Australia

HQ region

Oceania

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Operations, Personnel, Others

Revenue model

1. Investment Returns (Dividends, Interest, Capital Gains): The company generates returns through dividends and interest received from its investment portfolio (listed Australian and international equities, Australian property), as well as capital gains on investments. The company distributes at least 50% of available net profits from dividend, interest and other investment income to shareholders as franked dividends.

Distribution channels2 records

Marketing channels4 records

Core offering

Orion Equities Limited is a Perth-based, internally managed Australian Listed Investment Company (LIC) that invests shareholder capital in listed Australian and international companies and in Australian property. The company operates two distinct investment strategies: a Strategic Investments portfolio of long-term holdings in listed securities and property assets, and a Non-Strategic Investments portfolio used for trading and opportunistic positions.

Product overview

Orion Equities Limited is an Australian Listed Investment Company (LIC) listed on the ASX (Code: OEQ). The company operates two core investment strategies: Strategic Investments (where it exerts influence through board representation) and Non-Strategic Investments (passive investments driven by market opportunities). The company has two wholly owned subsidiaries: Silver Sands Developments Pty Ltd (property development) and CXM Pty Limited. The investment portfolio as of 30 June 2025 consists of Australian equities (5%), investment property (32%), and net cash/other assets (63%).

Differentiator

Problem solved

Functional benefit

Products and services

• Strategic Investments Portfolio A long-term investment portfolio of holdings in listed Australian and international companies and Australian property assets, held as core strategic positions to generate capital growth and income for shareholders.
• Non-Strategic Investments Portfolio
• Orion Equities Limited Ordinary Shares (ASX: OEQ)

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Six partnerships are on record, tiered core and minor.

• Silver Sands Developments Pty LtdcoreOthersWholly owned subsidiary of Orion Equities Limited, currently involved in property development activities. ABN 16 094 097 122.
• CXM Pty LimitedcoreOthersWholly owned subsidiary of Orion Equities Limited. ABN 90 132 294 645.
• Bentley Capital Limited (ASX: BEL)minorOthersStrategic investment holding (3% of net assets as at 30 June 2025). Diversified sector exposure. Orion Equities holds this as part of its investment portfolio.
• Strike Resources Limited (ASX: SRK)minorOthersStrategic investment holding (Materials sector). Orion Equities holds this as part of its listed securities portfolio. SRK is involved in developing a significant iron ore project.
• AutomiccoreOthersShare registry service provider for Orion Equities Limited. Located at Level 5, 126 Phillip Street, Sydney NSW 2000. Handles all share registry operations including dividend payments, shareholder communications, and investor portal services.
• In.Corp Audit & Assurance Pty LtdcoreOthersExternal auditors of Orion Equities Limited. Located at Level 1, Lincoln House, 4 Ventnor Ave, West Perth WA 6005.

Scale indicators5 records

Recent moves5 records

Expansion highlights3 records

Direct peers

• WAM Leaders Limited: An ASX-listed LIC focused on large-cap Australian listed companies with an active management approach. Its mandate, dividend focus, and Australian equity orientation make it a directly comparable peer for assessing active LIC performance and yield.
• Bentley Capital Limited: An ASX-listed investment company chaired by Orion's Executive Chairman Farooq Khan. It is structured as a small LIC investing in listed securities and operates with overlapping directors and a similar internally-managed model, making it the closest direct peer in mandate, governance, and scale.
• Queste Communications Ltd: ASX-listed investment company with the same Executive Chairman (Farooq Khan) and Executive Director (Victor Ho) as Orion. It pursues a comparable internally-managed LIC strategy with a small portfolio of listed and unlisted securities, making it a structurally near-identical peer.
• WAM Capital Limited: An ASX-listed active investment company managed by Wilson Asset Management. It pursues an active, value-oriented equity strategy with a strong dividend focus, making it a directly comparable Australian LIC peer in objective, distribution policy, and active-management approach.

Broad incumbents

• Argo Investments Limited: A long-established ASX-listed investment company holding a diversified portfolio of mainly Australian listed equities. While significantly larger and more diversified than Orion, it provides a useful incumbent benchmark for LIC structure, dividend policy, and NTA-based valuation.
• Milton Corporation Limited: A long-running ASX-listed investment company with a diversified Australian equities portfolio. Its LIC structure, dividend focus, and Australian focus make it a relevant incumbent peer for understanding LIC valuation and performance.
• Carlton Investments Limited: A long-established ASX-listed investment company holding a diversified portfolio of Australian and international listed equities. While substantially larger, it shares the closed-end investment company structure and is a useful broad incumbent reference point.
• Australian Foundation Investment Company (AFIC): One of the largest ASX-listed investment companies, operating a largely passive diversified Australian equities portfolio. While much larger and broader in mandate than Orion, it is a benchmark Australian LIC and a reference point for industry dividend and NTA performance.
• Djerriwarrh Investments Limited: An ASX-listed LIC investing primarily in Australian equities with a focus on dividend yield. Its LIC structure and yield-oriented mandate make it a comparable broad incumbent for the Australian investment company category.
• BKI Investment Company Limited: An ASX-listed investment company with a diversified Australian equities portfolio and a long-standing dividend focus. Although much larger, its LIC structure and dividend policy make it a useful broad incumbent comparison for an Australian LIC investor.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/orion-equities-limited

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries2 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 Orion Equities Limited