Media Release - December 2025 half-years results

• Revenue grew 9% in H1 FY26 to $3.1 million
• Assets Under Management (AUM) increased 7% to $5.02 billion
• Recorded small after-tax loss of $369,179 due to strategic investments

K2 Asset Management Holdings Ltd (K2) released its half-year results for the period ending 31 December 2025 (HY26), showcasing continued revenue growth, expanding Assets Under Management (AUM), and strategic investments to drive future profitability. Total revenue for the half-year amounted to $3.1 million, a 9% increase compared to the corresponding 6-month period in 2024. This revenue growth reflects the execution of K2's diversified financial services strategy across its three core pillars and demonstrates a sustainable upward revenue trajectory. The company has focused on strengthening its team, expanding operational capabilities, and enhancing resources to support scalable growth, deepen client relationships, and build durable revenue streams. As a result of these necessary reinvestment initiatives, K2 recorded a small after-tax loss of $369,179 for the half-year. However, this short-term loss reflects proactive growth investment and structural investment in each business pillar. AUM continued to grow during the half-year, increasing by 7% to AUD 5.02 billion over the 12-month period to 31 December 2025. The Board remains focused on endurable profitability, with improved structural alignment across its operating pillars, a more commercially focused product suite, and a strengthened pipeline of new client opportunities. The company maintains a strong balance sheet, providing flexibility to continue executing on growth initiatives while maintaining disciplined capital management.

K2 expects further additions to its CIO offering platform, with active discussions underway and recent mandate wins. The company also anticipates new fund appointments within its Responsible Entity, Trustee and Administration services pillar, which are expected to contribute recurring and scalable fee revenue, providing improved forward visibility and supporting profitability.

The Board remains confident that the foundations laid during HY26 will deliver profitability in FY26 and beyond. The company's focus on endurable profitability, improved structural alignment, a more commercially focused product suite, and a strengthened pipeline of new client opportunities position K2 for continued growth and success.