• Statutory profit of $3.7m, up 167.7% from prior period
• Operating profit of $4.1m, down 13.2% from prior period
• Fully franked dividend of 2.0cps paid for the half-year

360 Capital Group reported its half-year results for the period ended 31 December 2024. The Group reported a statutory profit of $3.7 million, up 167.7% from the prior period, which included a fair value loss on financial assets of $7.8 million and the write-off of an intangible asset of $2.0 million. Operating profit for the half-year was $4.1 million, down 13.2% from the prior period, primarily due to a reduction in distribution income following the sale of the Hotel Property Investments stake in March 2024, offset by distributions from private credit investments and an increase in finance revenue. The Group declared a fully franked dividend of 2.0cps for the half-year, in line with the prior period and representing 100% of operating earnings. Net asset value remained stable at $0.79 per security, while the Group's ASX closing price increased 10.8% to $0.615 per security. Key operational achievements included underwriting $43.5 million in new private credit real estate loan investments, raising $8.9 million in capital for 360 Capital Mortgage REIT, and securing new 10-year investment management agreements for 360 Capital Mortgage REIT and 360 Capital REIT.

As commercial real estate markets start to stabilise and with its funds well capitalised, the Group is presented with an opportunity to scale its funds management activities, creating a business value of its funds management platform. The Group's fund investors will benefit from the managed funds becoming more relevant and valuable, which the Group will also benefit from through its significant co-investment.