Metrics Master Income Trust (MXT) H1 2026 earnings summary

Executive summary

• Achieved a 12% year-over-year increase in both revenue and profit for the half-year ended 31 December 2025, with revenue at $98.8 million and profit at $94.6 million.

• Distributed $94.0 million to unitholders, equating to 7.69 cents per unit, with a subsequent distribution of 1.36 cents per unit declared post-period end.

• Net tangible assets (NTA) per unit remained stable at $2.00, with total assets of $2.46 billion and net assets attributable to unitholders at $2.45 billion.

• The investment strategy focuses on diversified Australian corporate loans, aiming to outperform the RBA Cash Rate plus 3.25% p.a. (net of fees).

Financial highlights

• Revenue from ordinary activities increased to $98.8 million, up 12% from $88.3 million year-over-year.

• Profit for the half-year rose to $94.6 million, a 12% increase from $84.8 million in the prior period.

• Distributions paid and payable totaled $94.0 million (7.69 cents per unit), compared to $83.7 million (7.88 cents per unit) last year.

• Basic and diluted earnings per unit were 7.73 cents, down from 7.99 cents in the prior year.

• Net cash inflow from operating activities was $89.3 million, with a net decrease in cash and cash equivalents of $48,000.

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 future returns may differ from past returns.