• Strong investment performance, particularly in the Pure Microcap Value Fund
• Final performance payment from the conclusion of a special purpose vehicle
• Operating profit from investment management of approximately $1.9m for November

Microequities Asset Management Group Limited (ASX: MAM) has provided a financial update, reporting a strong trading performance for the month of November. The strong investment performance, particularly in the Pure Microcap Value Fund, together with the final performance payment from the conclusion of a special purpose vehicle, delivered a strong financial result for the month. This resulted in an operating profit from investment management of approximately $1.9m for November. The 1H26 year-to-date (five months) operating profit from investment management is approximately $5.3m, compared to the 1H25 operating result of $4.9m (the six-month period to 31 December 2024, including MAM's share of performance carry). The company notes that these figures include a significant component of income generated from performance fees, which are volatile, unpredictable, and non-recurring in nature. The first half FY26 results are scheduled to be released to the ASX on 13 February 2026.