• Revenue up 21%, net profit after tax up 52%
• Underlying net profit after tax up 35% (excluding performance fee)
• Funds under management reach $13.26 billion, boosted by Altius acquisition
• Continued investment in technology and operations to support growth

Australian Ethical Investment Ltd reported strong financial results for the first half of FY2025, with revenue up 21% to $58.8 million and net profit after tax up 52% to $9.6 million compared to the prior corresponding period. Underlying net profit after tax, excluding one-off items, was up 35% to $11.5 million. The company's funds under management reached $13.26 billion as of 31 December 2024, bolstered by the $1.9 billion delivered through the acquisition of Altius Asset Management. Australian Ethical's superannuation business also enjoyed positive net flows over the six-month period, despite a seven-week limited-service period as part of the administration transition from Mercer to GROW Inc. The company achieved several key milestones in its program of enhancements to its investment platform, including the transition to a new custodian and investment administrator, State Street, which has delivered unit cost savings. The company also completed the acquisition of Altius Asset Management, expanding its fixed income team and client base. Australian Ethical continues to be recognized for its leadership in ethical and sustainable investing, winning several industry awards during the period.

Australian Ethical remains focused on delivering its growth strategy, with further investments planned in technology and operations to support the company's expansion. The company is also continuing its advocacy efforts to promote a low-carbon future and influence positive change, working with industry groups to advocate for policy certainty and attract more capital to sustainable investments.