An announcement from Excelsior Capital Limited ( (AU:ECL) ) is now available.

Excelsior Capital Limited has reported net tangible asset backing of 1.73 cents per share as at 31 August 2026, both before and after tax provisions, based on unaudited financial reports. With all investments now redeemed and no further income tax liabilities anticipated, the announcement signals that Excelsior’s balance sheet is effectively crystallised in cash or tangible assets, clarifying the company’s financial position for shareholders and the market.

The company’s move to fully redeem its investment portfolio and report identical pre- and post-tax NTA suggests a winding down of active investment activities and a simplified capital structure. This positions Excelsior as a vehicle with minimal tax overhang and no remaining portfolio risk, an important consideration for existing investors assessing residual value and for any potential corporate actions involving the listed shell.