• Pre-tax operating earnings up 240% to $202.2m
• Pre-tax operating EPS up 204% to 51.9 cents
• AUM grew 45% to $18.5bn

HMC Capital (ASX: HMC) today released its results for the half year ended 31 December 2024. 1H FY25 marked a record financial result for the group with pre-tax OEPS up 204% on the prior corresponding period. This was underpinned by strong AUM growth (+45% vs. Jun-24) and strong deployment activity in HMC's Digital Infrastructure, Energy Transition and Private Credit divisions. In addition, HMC generated record investment returns and performance fees from its Private Equity division. The group remains well positioned to significantly grow AUM across its diversified and now global platform, which remains focused on growing sectors with favourable megatrends and strong investor demand. Key highlights include: 1H FY25 pre-tax operating earnings of $202.2m, up 240% on 1H FY24; 1H FY25 pre-tax operating EPS of 51.9 cents, up 204% on 1H FY24; $18.5bn of AUM (+45% vs. Jun-24); Successful establishment and IPO of the $4.3bn DigiCo Infrastructure REIT; Acquisition of Neoen's Victorian renewable portfolio for $950m; On-track to launch a $2bn institutional platform in the Energy Transition division in 1H FY25; and Significant growth in the Real Estate division with three new major unlisted funds representing over $2.5bn of potential AUM.

Based on HMC year-to-date performance, annualised FY25 Operating EPS (pre-tax) is currently tracking at 80 cents. FY25 dividend guidance of 12 cents per share is reaffirmed.

HMC is well positioned moving into the second half of the financial year with strong momentum in each of its five highly scalable and growing platforms - Real Estate, Private Equity, Private Credit, Digital Infrastructure, and Energy Transition.