Global X Battery Tech & Lithium (ACDC) H2 2024 earnings summary

Executive summary

• The ETF aims to track the Solactive Battery Value-Chain Index by holding constituent shares in proportion to index weights, providing investors exposure to the battery technology and lithium sector.

• No significant changes in the nature of activities or state of affairs occurred during the year.

• The Fund is quoted on the ASX and managed by Global X Management (AUS) Limited.

Financial highlights

• Net loss for the year ended 30 June 2024 was AUD 97.7 million, compared to a profit of AUD 188.5 million in the prior year.

• Total investment income was AUD 10.5 million, down from AUD 13.2 million year-over-year.

• Net losses on financial instruments at fair value were AUD 104.0 million, compared to gains of AUD 179.4 million in the previous year.

• Distributions paid and payable totaled AUD 37.7 million, up from AUD 21.1 million year-over-year.

• Net assets attributable to unitholders decreased to AUD 510.9 million from AUD 625.1 million as of 30 June 2023.

Outlook and guidance

• The Fund will continue to be managed in line with its investment objectives and guidelines.

• Future results will depend on the performance of investment markets and are subject to market supply and demand dynamics.