Clime Capital (CAM) H1 2025 earnings summary

Executive summary

• Recorded an after-tax loss of $707,734 for the half-year ended 31 December 2024, compared to a profit of $3,668,581 in the prior corresponding period, mainly due to higher unrealised losses on the investment portfolio.

• Returned to operating profit of $406k for the half-year ended 31 December 2024, a $1.503 million improvement year-over-year.

• Structural changes and cost reductions drove profitability and operational improvements.

• Two new strategic partnerships negotiated, expected to add $130 million FUM and $750k annual revenue.

• Continued quarterly dividend payments, with $4,074,197 declared during the period, up from $3,934,782 a year earlier.

Financial highlights

• Investment revenue dropped to $463,815 from $6,472,259 year-over-year, reflecting $5,951,637 in unrealised losses offset by $3,439,682 realised gains and $2,975,770 in dividend and interest income.

• Net realised gain on investments was $3,439,682, reversing prior period losses of $1,634,249.

• Net unrealised loss on investments was $5,951,637, compared to a gain of $4,926,147 in the previous year.

• Statutory post-tax loss of $257k after $603k non-cash charges and $60k tax expense.

• Cash and cash equivalents at period end were $4,487,580, down from $12,671,129 at 30 June 2024.

Outlook and guidance

• No explicit forward guidance provided, but the company continues to pay regular dividends and maintains a stable capital base.

• Focus remains on profitable growth and consistent dividend payments.

• Strengthened operations, research, and sales capabilities position the business for future opportunities.

• Confident in ability to manage future market volatility.