Soul Patts

Soul Patts
Formerly	Washington H Soul Pattinson
Company type	Public company
Traded as	(ASX: SOL)
Industry	Diversified
Founded	21 January 1903
Founder	Lewy Pattinson
Headquarters	Sydney, Australia
Key people	Robert Millner, Chairman
Revenue	$629 million (2023)
Website	soulpatts.com.au/

Soul Patts, formerly Washington H Soul Pattinson, is a publicly listed Australian investment company.

History

In 1872, Caleb Soul and his son Washington Handley opened a pharmacy store in Pitt Street, Sydney. In 1886, Lewy Pattinson opened a pharmacy in Balmain. In April 1902, Pattinson bought Soul out with the business incorporated as Washington H Soul Pattinson & Company Limited. On 21 January 1903, the company was listed on the Sydney Stock Exchange.^[1] With origins in pharmacy operations (of the same name), today Soul Patts owns a diverse portfolio of investments in various asset classes (equities, private companies, private credit, and property). Soul Patts has never missed paying a dividend since 1903, increasing dividends every year since 2000. In June 2021, terms were agreed to purchase Milton Corporation.^[2]

Investments

Current

Soul Patts' larger investments include:

Brickworks (43.1%)
New Hope Group (39.2%)
TPG Telecom (12.8%)
TUAS Ltd (25.4%)
Private equity investments spanning agriculture, education, financial services, and electrification
Credit investments
Equity investments (small and large caps)
Property investments