Augusta expects its annualised distribution level to increase to 5.5c a share from 5c a year earlier per share paid.
PWC indicates an uncertainty that casts doubt on the Nelson-based company's ability to continue as a going concern.
On the back of a national tourism boom, the company has reported a pre-tax profit of $66.8 million, up on $63.3 million the prior year.
The Christchurch-based retailer expects net profit of $32 million to $35 million in the year ending July 31.
Net profit fell to $5.6 million, or 10.6 cents per share, in the year ended April 30
Post-tax normalised earnings are expected to be $6 million in the 12 months ending June 30.
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