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NATIONAL Enterprises Ltd (NEL) has recorded a profit after tax of $15.3 million, recovering from the $349 million in unrealised fair value losses in 2024. This is a 104 per cent increase.

For this period, NEL was not only able to maintain operating expenses but decrease them by nine per cent while dividend income also increased by 14 per cent to $129 million from $113 million.

Cashflow also saw a healthy $172 million in cash and cash equivalents.