• Auctus focused on growing Assets Under Management (AUM) to over $550M
• Profit of $1.7M, up from loss of $1.2M in prior period
• Revenue increased by $4.8M to $4.5M driven by higher capital and transaction fees

During the half-year period, Auctus Investment Group focused on growing its Assets Under Management (AUM) by establishing new investment funds and raising capital for existing ones. By the end of the period, AUM exceeded $550M. The profit for the Company after providing for income tax amounted to $1.7M, compared to a loss of $1.2M in the prior period. The increase in profit is primarily due to higher capital and transaction fees due to increased fund raising activity. Revenue from ordinary activities increased by $4.8M from the previous period, reaching $4.5M. Management fees totalled $3.4M, a $0.1M (2.2%) increase compared to the same period last year. Capital raising fees reached $0.6M and transaction fees $0.5M driven by the launch of US Opportunities Fund II. Cash receipts from customers increased to $5.5M. The Company also recorded an unrealised gain on the fair value of unlisted investments amounting to $0.7M. During the half-year period, the Company's net asset position increased by $1.8M to $28.5M, largely due to the increase in cash from profitable operations.