• Focusing on higher growth Australian data centre platform via capital recycling and scale back of US operations
• Strengthening and scaling high ROE platforms in digital infrastructure, private credit, energy transition, and real estate
• Positioned for growth with strong balance sheet and reaffirmed FY26 guidance

HMC Capital is refining its group strategy to execute a more resilient and sustainable growth plan. The company is simplifying its business by focusing on higher growth Australian data centre platform via capital recycling and scaling back of US operations. HMC is also strengthening and scaling its high ROE platforms in digital infrastructure, private credit, energy transition, and real estate. The company is positioned for growth with a strong balance sheet and significant dry powder to capitalize on opportunities. HMC has reaffirmed its FY26 pre-tax operating EPS guidance of over 40 cents per share, conditional on the financial close of the KKR transaction and no material reduction in the HMCCP investment performance. The company expects to deliver over $15 million in run-rate cost savings from FY27 onwards, including the scale back of US operations and the integration of funds management support functions.

40 cps of FY26 pre-tax Operating EPS (conditional on financial close of the KKR transaction and no material reduction in HMCCP investment performance)

HMC is well-positioned for the next phase of growth, with a simplified model focused on scalable, real asset-backed verticals generating recurring funds management cash flows. The company is targeting continued growth in its high ROE platforms, including digital infrastructure, private credit, energy transition, and real estate.