• Revenue down 7.5% to $66.8 million
• Loss from ordinary activities up 6.69% to $12.7 million
• Core Earnings down 152.9% to a loss of $4.4 million
• No interim distribution declared

Elanor Investors Group reported a 7.5% decline in revenue to $66.8 million and a 6.69% increase in loss from ordinary activities after tax to $12.7 million for the half year ended 31 December 2024. Core Earnings, the directors' view of underlying earnings, declined 152.9% to a loss of $4.4 million. No interim distribution was declared, compared to 4.90 cents per stapled security in the prior corresponding period. The group faced a number of challenges during the period, including material asset devaluations that resulted in breaches of debt covenants under its secured debt facility and corporate notes. This led the group to commence an orderly asset realisation program, refinance its senior debt facility, and restructure the terms of its corporate notes to stabilize the business and work towards achieving the best outcomes for stakeholders. The group's ability to continue as a going concern remains dependent on the successful completion of its recapitalization plan, including further asset sales, debt repayments, and compliance with revised debt facility terms.