• Record Funds Under Management (FUM) of $650 million, up 9%
• Operating profit from investment management grew 13% to $4.1 million
• Interim dividend increased 5.2% to 1.9 cents per share

Microequities Asset Management Group Limited has reported strong financial performance for the first half of 2025, with several key achievements. The company's Funds Under Management (FUM) reached an all-time high of $650 million, driving a 9% increase in recurring revenue to $5.5 million. Performance fee income was $637,000, a modest decline of 5% compared to the prior corresponding period. Operating profit from investment management grew by 13% to $4.1 million, reflecting the business's ability to capitalize on operating leverage while maintaining excellent cost discipline. The company's balance sheet investments across its funds have grown significantly, from $2.8 million at the time of its IPO in 2018 to $21.8 million as of December 31st. These investments now represent a substantial and expanding component of the business, reinforcing alignment between Microequities' investment outcomes and those of its clients. The Board has declared a 1.9 cent per share fully franked interim dividend, an increase of 5.2%. The balance sheet of the business has been further strengthened, with $6.8 million in cash at the end of the period and net tangible assets of $23.5 million, up 14.1% on the prior corresponding period.

The company reported Funds Under Management of $650 million as of 31 December 2024, up 9% from the prior corresponding period.

The company remains optimistic about the months ahead, with the improved market performance of its asset class during the first half of 2025. The company is implementing tactical initiatives and making strategic investments in sales and marketing to position itself for improved investor sentiment and capture growth opportunities.