• HY25 Core Earnings loss of $4.4 million
• Funds under management of $5.7 billion as at 31 December 2024
• Funds management income decreased 15% to $24.4 million
• No distribution for the period

Elanor Investors Group (ASX: ENN) has released its reviewed financial statements and Appendix 4D for the half year ended 31 December 2024 ('period'). The HY25 Financial Statements include an audit opinion that expresses an emphasis of matter in respect of risks to the Group's ability to continue as a going concern if it is not able to execute on the Rockworth recapitalisation and balance sheet stabilisation plans. The Group generated funds management income of $24.4 million, a 15% decrease on the prior comparative period, with Funds Under Management decreasing from $6.0 billion to $5.7 billion. Core Earnings for the period was a loss of $4.4 million, reflecting reduced funds management income, elevated operating costs and increased borrowing costs. The results for the period were impacted by a one-off equity raise cost of $2.6 million and a loss on sale of co-investments of $1.9 million. The reduction in net assets over the period primarily resulted from revaluation and realisation of equity accounted investments of $35.7 million and amortisation and write down of contract assets of $4.1 million. The Group did not pay any distributions for the period.