Key points
- FY26 Operating EPS (pre-tax) of 40.4 cents, in line with guidance
- Fee-generating AUM increased by 15% to $16.9bn
- FY27 underlying earnings guidance of at least 35 cents per share
- FY27 dividend guidance of 15 cents per share, a 25% increase
- Strong fundraising momentum and significant balance sheet for growth
Full summary
HMC Capital Ltd. (ASX: HMC) announced its FY26 results, delivering an Operating EPS (pre-tax) of 40.4 cents, in line with guidance. The company reported fee-generating AUM of $16.9bn, up 15% from the previous year, and recurring funds management revenue of $165.5m, up 22%. HMC's verticals, including Real Estate, Private Credit, and Digital Infrastructure, contributed to the growth. The company is well-positioned for FY27, with guidance for underlying earnings of at least 35 cents per share, supported by over 30% growth in recurring funds management revenue, a 35% increase in expected distributions, and cost efficiencies. The FY27 dividend guidance is 15 cents per share, a 25% increase.
Guidance
FY27 underlying earnings guidance of at least 35 cents per share, FY27 dividend guidance of 15 cents per share
Outlook
HMC Capital is poised for growth in FY27 with strong fundraising momentum, significant balance sheet, and platform dry powder to materially grow earnings.