Fidelity Global Emerging Markets Fund (FEMX) H1 2025 earnings summary

Executive summary

• Achieved a profit of $16.9 million for the half-year ended 31 December 2024, reversing a loss of $7.3 million in the prior corresponding period.

• No significant changes in the state of affairs or notable post-reporting events were identified.

Financial highlights

• Total net investment income was $18.6 million, up from a loss of $5.8 million year-over-year.

• Net assets attributable to unitholders decreased to $183.5 million from $202.0 million at 30 June 2024.

• Applications totaled $1.4 million, while redemptions were $37.1 million for the period.

• Net cash inflow from operating activities was $37.9 million, with a net outflow from financing activities of $42.7 million.

Outlook and guidance

• Directors believe there are reasonable grounds for the Fund to pay its debts as they become due.