Annual Review of the Year to 31 March 2026

Mount Wellington Licensing Trust is pleased to present an investment report on the year ending 31 March 2026, prepared by their appointed investment advisors Māpua Wealth.

While navigating a global environment including tariff volatility and the outbreak of war, the combined portfolio returned 7.8% after fees - significantly outperforming property over the same period.

Portfolio performance will vary from year to year however it is pleasing to see the first year of investment exceed the average expected return of 7%.

This investment strategy has seen MWLT (including Mount Wellington Trust Hotels and Mount Wellington Charitable Trust) cover overheads, distribute $720,000 to community organisations and end the year with an increase in the combined portfolio value.

Investment performance has continued its strong trajectory since 31 March and a further updated will be presented at the Annual Meeting of Electors - expected to be held in July/August following completing of the FY2026 audit.