Key points
- Loss of $385,050 (excluding non-controlling interest)
- Cash of $1.76m at Balance Date
- NTA on December 31, 2024, of 5.19 cents
Full summary
ARC Funds Limited reported a loss of $385,050 (excluding non-controlling interest) for the half-year ended 31 December 2024, a 4% improvement from the previous corresponding period. The company had $1.76m in cash and an NTA of 5.19 cents per share at the end of the period. Key developments during the half included increasing the company's stake in Merewether Capital Management to 72%, acquiring a 30% equity interest in ausbiz Capital Pty Ltd, and securing a call option to acquire a 63.49% interest in The Term Deposit Shop. The company also raised $692,521 before costs from new and existing investors in December 2024. ARC Funds' fixed cost base remains stable and lean, and the company believes the business opportunities in front of it are exciting and value-creating for shareholders.