Elanor Investors Group (ENN) H2 2025 earnings summary

Executive summary

• Funds under management declined to $5.5 billion as at 30 June 2025, down from $6.0 billion the prior year, primarily due to asset divestments and valuation impacts.

• Funds management income fell 16% year-over-year to $47.1 million, reflecting lower transaction activity and asset sales.

• Core Earnings shifted to a loss of $8.9 million from a $12.8 million profit in FY24.

• No distribution was declared for the year.

Financial highlights

• Recurring funds management EBITDA decreased to $9.0 million from $12.5 million in FY24.

• NTA per security dropped to $0.11 from $0.32 at 30 June 2024.

• Gearing increased to 73.4% from 66.9% at the prior year end.

Outlook and guidance

• HY26 Financial Results and business activity updates are expected in the coming weeks.