Gryphon Capital Income Trust (GCI) H1 2025 earnings summary

Executive summary

• Invests in a diversified portfolio of Australian RMBS and ABS, managed by Gryphon Capital Investments Pty Ltd.

• Units on issue increased from 335.6m to 419.5m during the half-year ended 31 December 2024.

• Successfully raised $167.8m in November 2024 via entitlement and wholesale offers to expand scale and liquidity.

Financial highlights

• Operating profit for the half-year was $31.9m, up from $21.7m for the same period last year.

• Total comprehensive income for the half-year was $31.9m.

• Distributions paid and payable totaled $30.8m (8.48 cents per unit), compared to $21.3m (8.75 cents per unit) last year.

• Net assets attributable to unitholders rose to $842.8m from $487.2m year-over-year.

• Basic and diluted earnings per unit were 8.85 cents, compared to 8.93 cents last year.

Outlook and guidance

• Announced a new capital raise in February 2025 targeting $209.7m to further expand portfolio and investor base.

• Additional capital aims to diversify holdings, increase liquidity, and reduce per-unit operating costs.