• Net Profit After Tax of $1.2 million before one-off adjustments
• Distributed 4.0 cents per stapled security including 3.375c of fully franked dividend
• Net Asset Value (NAV) and Net Tangible Assets (NTA) of $1.04 and $1.02 per stapled security respectively

Eildon Capital Group reported its HY25 results, with a Net Profit After Tax of $1.2 million before one-off adjustments. The company distributed 4.0 cents per stapled security, including 3.375 cents of fully franked dividend, representing an annualized yield of 9.9% on the 31 December 2024 closing price. The company's Net Asset Value (NAV) and Net Tangible Assets (NTA) stood at $1.04 and $1.02 per stapled security respectively, compared to $1.09 and $1.05 as at June 2024. The group's net assets were $49.3 million, down from $51.4 million as at June 2024. The company has a strong balance sheet with zero corporate debt and a cash balance of $3.8 million at 31 December 2024. The company reported one-off adjustments of $1.4 million, including a $0.6 million reduction in the carrying value of Goodwill, a $0.5 million ECL provision for Malvern Road, and $0.3 million in disposal costs relating to Trilogy. After these one-off adjustments, the company reported a Net Loss After Tax of $0.2 million. Key highlights during the half included the sale of the management rights and co-investment stakes in the Trilogy property income funds for $3.6 million, the outsourcing of the management and administration of the Eildon Debt Fund to Benchmark Property Group, and the provision of funding for a $21 million first mortgage residual apartment stock loan in Malvern Road. The company also divested its stake in the Officer South Joint Venture at book value in February 2025.

The Group will continue semi-annual distribution payments in FY2025 subject to earnings performance and availability of cash. The Group's key focus will be on actively managing the current investments to optimise value to securityholders, exiting smaller non-core investments to further simplify the business, and determining a strategy around large forecast cash inflows budgeted in CY 2025.