Doing the right thing
Being respectful
Showing resilience
Staying connected
Making a difference
Out of the box thinking
Doing hard things
Continuing to learn
Thoughtful actions
Our values-based culture, developed over many generations, is a key driver of our success. Our people embody our values of integrity, initiative and accountability, and our culture is our competitive advantage, it underpins and drives our investment approach.
Soul Patts' small, close-knit investment team, led by the MD & CEO, is actively involved in ensuring the portfolio is allocated to the best risk-adjusted returns available. Our lean, highly engaged team of 53 employees is closely aligned with shareholders, reflected in an attrition rate of under 1%.
On 31 July 2026, 49% of our employees were female, and 36% of employees in senior management roles and above were female.
The table below sets out our gender representation as at 31 July 2026 based on categories defined by the Workplace Gender Equality Agency (WGEA).
On 31 July 2026, the Board had six male and three female Directors (67% : 33%).
At the time of our public listing in 1903, Soul Patts had 21 pharmacy stores. By the 1950s, it dominated the retail pharmacy market nationwide.
The 1960s and 1970s marked our diversification into building materials and resources, including the investment in Brickworks and the purchase of what is now New Hope Corporation. The 1980s saw us expand into media with the purchase of NBN Television, which over time grew into TPG Telecom, the third largest telco in Australia.
In 2021, we acquired one of Australia's largest listed investment companies, Milton Corporation, transforming our scale and liquidity.
2025 marked an historic milestone, unwinding our 56-year cross shareholding with Brickworks, a structure that had served both companies well for more than half a century. The merger brought together two of Australia's great compounders of capital under a single structure, positioning Soul Patts for even greater strength and flexibility.
Lewy Pattinson opened his first Balmain pharmacy.
Washington H. Soul Pattinson & Co was incorporated, listed on the Sydney Stock Exchange (now ASX).
42 retail pharmacy stores which expanded to 300 agency stores nationwide by 1980s.
Diversification into building materials (Brickworks), resources (New Hope), and media (TPG Telecom).
Divested remaining 19.3% interest in the Australian pharmacy operation (API), sold to Wesfarmers Ltd.
Strategic merger with Milton Corporation, growing the portfolio to $5.8b.
Strategic merger with Brickworks Ltd creating a newly capitalised ASX50 diversified investment house with a >$13b portfolio and 123-year dividend legacy.
Soul Patts remains one of the few public companies that has been managed by the same family from the outset. Our story started when Caleb Soul and his son Washington opened their first store at 177 Pitt Street, Sydney, in 1872, while Lewy Pattinson opened his first pharmacy in Balmain in 1886. The men became friends.
Some years later Washington Soul approached his old friend, Lewy Pattinson, and asked if Pattinson & Co. would buy him out. Pattinson agreed and after discussion with his partners, Pattinson and Co. bought out Washington H. Soul and Co., effective from 1st April 1902.
Out of respect for his old friends, Lewy Pattinson included the name of Washington H. Soul in the name of the new Company, Washington H. Soul Pattinson and Company Limited, incorporated on 21 January, 1903 and listed on the Sydney Stock Exchange (now the Australian Securities Exchange). Today, we are affectionately known as Soul Patts and our Chairman, Robert Millner AO, Lewy’s great-grandson, represents the fourth generation of the family to Chair the Company.