• Record half-year financial results with 204% growth in operating EPS and 203% growth in revenue
• Significant growth in assets under management to $18.5bn, up 45% on Jun-24
• Strong momentum across all business platforms including private equity, digital infrastructure, and energy transition

HMC Capital reported a record half-year financial result for 1H FY25, with a 204% increase in operating EPS (pre-tax) to 51.9cps and a 203% rise in revenue to $272.3m. This strong performance was underpinned by significant growth in assets under management, which increased 45% to $18.5bn as of 31 December 2024. The company continued to see active deployment in new growth platforms, including the successful establishment and IPO of the $4.3bn DigiCo Infrastructure REIT, the acquisition of Neoen's Victorian portfolio for $950m, and the onboarding of a corporate and asset-based finance team. Across the existing business verticals, HMC reported strong organic growth, with the LML Fund I fully deployed, three new daily needs funds on track for establishment in 2H FY25, and the HMCCP Fund I delivering a 56.2% net return over CY2024 and generating a 34.2% p.a. return since inception, outperforming the S&P/ASX300 by 23.2% p.a. HMC also continued to build out its institutional fundraising capabilities, with significant progress in raising capital across its real estate, energy transition, digital infrastructure, and private credit platforms. The company is targeting over $50bn in AUM over the next 3-5 years, underpinned by a more diversified business with multiple growth drivers and a strong balance sheet.

HMC Capital is targeting over $50bn in assets under management over the next 3-5 years, driven by continued growth across its diversified alternative asset management platform.

HMC Capital is well-positioned to continue its strong growth trajectory, with significant momentum across its real estate, private equity, digital infrastructure, energy transition, and private credit platforms. The company is focused on capitalizing on favorable megatrends and building out its institutional fundraising capabilities to support the next phase of deployment and growth.