• Revenue increased 32% to $8.03m
• Net loss reduced by 38% to $3.87m
• Expenses reduced by more than $2m since November 2024
• Funds Under Administration (FUA) grew 32% to $2.19bn

Income Asset Management Group Ltd (IAM) has reported strong financial results for the first half of FY25, with a 32% increase in revenue to $8.03m and a 32% increase in Funds Under Administration (FUA) to $2.19bn. The company also reduced its net loss by 38% to $3.87m and cut expenses by more than $2m since November 2024. IAM continues to expand its client FUA through adviser networks and has improved its debt capital markets pipeline into the second half of FY25 and FY26. The company has also launched two Single Bond ETFs (SBetf) and is planning to launch more issues into the market to provide a greater range of SBetf options for investors. IAM has completed the transition of $1.35bn in bonds into Perpetual Corporate Trust (PCT) custody, with more than $100m additional assets to follow soon. This transition has improved the client experience, increased revenue opportunities, and reduced costs for the company. IAM has also removed $10m in debt and the related $1.2m interest cost through a capital raise in Q2 FY25, which has reset the balance sheet for growth and diversified the share register.

IAM expects to continue growing revenue, reducing costs, and improving client experience in the remainder of the financial year. The company has a strengthened balance sheet and is well-positioned to attract client growth through adviser partnerships.

IAM is focused on expanding its client FUA through adviser networks, improving its debt capital markets pipeline, and launching new managed-account and ETF offerings. The company is also transitioning client CMA money to a new at-call solution that pays the RBA cash rate with full banking platform access.