HY25 Appendix 4D and Interim Financial Report
| Stock | Eildon Capital Group (EDC.ASX) |
|---|---|
| Release Time | 25 Feb 2025, 1:38 p.m. |
| Price Sensitive | Yes |
HY25 Appendix 4D and Interim Financial Report
- Recorded an after-tax loss of $163,487 for the half year
- Successfully completed the sale of management rights and co-investment stakes in Property income funds
- Divested stake in Officer South Joint Venture
Eildon Capital Group (EDC) recorded an after-tax loss of $163,487 for the half-year ended 31 December 2024, compared to an after-tax profit of $1,635,733 in the prior corresponding period. The loss was primarily driven by a decline in income from ordinary activities, which was down 9.43% to $3,362,813. The key operating achievements for the half year included the successful completion of the sale of EDC's management rights and direct co-investment stakes in the Property income funds, as well as the divestment of its stake in the Officer South Joint Venture. The company also increased its focus on managing a smaller number of high-yielding loans, with 5 debt and 2 equity loans.EDC has reshaped and simplified its business with a low ongoing cost base to enhance stakeholder returns. The company remains subject to regulatory and licensing conditions, and any breach of these could result in additional costs and restrictions imposed by regulators.A distribution of 0.6 cents per stapled security and a fully franked dividend of 3.4 cents per stapled security were declared and paid on 22 January 2025. On 23 December 2024, EDC also entered into a contract to sell its 15% co-investment in the Officer South Landholding Trust at book value.