Eildon Capital Group 2024 Half Year Results

Eildon Capital Group (ASX: $EDC) has reported a net profit after tax (NPAT) of $1.6 million or 3.0 cents per stapled security (cps) for the 6 months ended 31 December 2023. The Group's income of $4.5 million was derived from interest from credit investments, rental income, and management fees from Eildon Funds Management during the period. Distributions totalling 3.5 cps were declared, representing an annualised yield of approximately 7.7% on the closing security price of $0.91 as at 31 December 2023.

Executive Commentary on Financial Results

The Group's 2024 half year results reflect a NPAT of $1.6 million, driven by underlying investment returns and funds management earnings. Despite a reduction in funds management fees, the Group remains focused on delivering enhanced returns and capital protection for its investor clients. The weighted average loan to value ratio (LVR) on the Eildon Debt Fund co-investments was 69%, with a weighted average yield on the credit investments at 14% as at 31 December 2023. The Group's business model, strong balance sheet, and cash reserves provide the ability to capitalize on growth initiatives and new strategies within the Australian Real Estate market.

Summary of 2024 Half Year Results and Outlook

Eildon Capital Group's 2024 half year results show a NPAT of $1.6 million, with distributions totalling 3.5 cps declared. The Group's focus remains on providing income yield through its balance sheet investments within Eildon Capital Trust and generating fees from its funds management platform within Eildon Capital Limited. With a portfolio totaling $43 million, the Group's assets under management (AUM) were $334 million as at 31 December 2023. Looking ahead, the Group will continue to focus on short duration debt investments via the Eildon Debt Fund and seek attractive investment opportunities in the Australian Real Estate market. The Group's strong balance sheet and cash reserves position it well to capitalize on growth initiatives and new strategies within the market, consistent with the recently announced Officer South Joint Venture.