• Revenue declined 25% to $95.5M, profit down 90% to $17.0M
• Acquired 100% of Neoen's Victorian portfolio for $950M
• Interim dividend of 6 cents per share, partially franked

HMC Capital Limited reported its financial results for the half-year ended 31 December 2025. The group recorded total revenue and other income (excluding changes in fair value) of $122.0 million, down 25% from the prior corresponding period. Statutory profit after tax for the current half-year was $5.8 million, a 90% decrease compared to the prior corresponding period. Operating earnings before tax was $41.6 million for the current half-year, compared to $202.2 million in the prior corresponding period. On 1 August 2025, the group acquired a 100% interest in Neoen's Victorian portfolio for $950.0 million, which is classified as held-for-sale as at 31 December 2025. The group secured senior asset-level debt financing of $556.3 million and a $200.0 million non-recourse mezzanine facility to fund the acquisition.The directors determined to pay a partially franked interim dividend of 6.0 cents per ordinary share, to be paid on 9 April 2026 to eligible shareholders on the register on 4 March 2026.

The group recorded operating earnings before tax of $41.6 million for the half-year ended 31 December 2025.