• NPAT attributable to shareholders increased by 15% year-on-year
• Underlying cost to income ratio improved by 2 percentage points
• Funds under management grew by 8% driven by strong net inflows

Australian Ethical Investment Ltd (AEF) has reported a strong financial performance for the half year ended 31 December 2024. The company's NPAT attributable to shareholders increased by 15% year-on-year, driven by growth in funds under management and improved operational efficiency. The underlying cost to income ratio improved by 2 percentage points, reflecting the company's focus on cost management. Funds under management grew by 8% during the period, with strong net inflows demonstrating the continued demand for AEF's ethical investment products and services. The company remains committed to its mission of delivering sustainable financial returns while having a positive impact on the environment and society.

For the full financial year ending 30 June 2025, AEF expects to achieve revenue growth of 12-15% and an underlying cost to income ratio of 60-62%.

Looking ahead, AEF is well-positioned to continue its growth trajectory, driven by the increasing demand for sustainable investment solutions and the company's strong brand and product offering. The company remains focused on delivering long-term value for its shareholders and making a positive contribution to the communities it serves.