Metrics Master Income Trust (MXT) H1 2025 earnings summary

Executive summary

• Metrics Master Income Trust reported a half-year profit of $84.8 million, down 1% compared to the same period last year, with revenue stable at $88.3 million.

• The Fund invests in diversified Australian corporate loans, aiming to outperform the RBA Cash Rate plus 3.25% p.a. (net of fees).

• No significant changes in the Fund's activities or principal investment strategy occurred during the period.

Financial highlights

• Revenue from ordinary activities was $88.3 million, nearly unchanged year-over-year.

• Net profit for the half-year was $84.8 million, a 1% decrease from $85.3 million in the prior year.

• Distributions paid and payable totaled $83.7 million (7.88 cents per unit), down from $84.9 million (9.45 cents per unit) last year.

• Net tangible assets per unit at 31 December 2024 were $2.001, stable from $2.0004 a year earlier.

• Total assets at period end were $2,139.7 million, with net assets attributable to unitholders of $2,125.9 million.

Outlook and guidance

• The Fund will continue to be managed according to its investment objectives and guidelines, with future results dependent on investment market performance.

• Investment performance is not guaranteed and may differ from past returns.