Gryphon Capital Income Trust (GCI) H1 2026 earnings summary

Executive summary

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

• Raised $75.0m via private placement in September 2025 and $57.4m via Unit Purchase Plan in November 2025 to expand scale and liquidity.

• Units on issue increased from 524.3m to 590.5m during the half-year.

Financial highlights

• Operating profit for the half-year ended 31 December 2025 was $44.1m, up from $31.9m year-over-year.

• Total net investment income rose to $48.9m from $35.1m year-over-year.

• Distributions paid and payable totaled $42.3m (7.58 cents per unit), compared to $30.8m (8.48 cents per unit) in the prior year.

• Net assets attributable to unitholders increased to $1,186.1m from $1,052.0m at 30 June 2025.

• Cash and cash equivalents at period end were $22.3m, up from $16.1m at 30 June 2025.

Outlook and guidance

• Announced a new capital raise of approximately $90.9m via private placement in February 2026, with firm commitments received.

• Additional capital aims to further expand portfolio scale, investor base, and liquidity.