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360 Capital Group (TGP) investor relations material
360 Capital Group H2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Statutory profit rose to $4.8m, a $4.5m increase year-over-year, driven by higher fee and finance revenue and lower non-operating losses.
Operating profit after tax increased 15.2% to $7.7m, with operating earnings per security up 19.4% to 3.7cps.
A special distribution of $78.8m ($0.40 per security) was declared, significantly reducing cash holdings and shifting to a capital-light strategy.
Board and management remain highly aligned, holding 51.6% of securities.
Financial highlights
Total revenue increased 15.6% to $12.6m, with funds management revenue up and finance revenue boosted by higher cash balances.
NAV per security rose to $0.80 from $0.79; cash balance at $95.0m with no borrowings.
External FUM reached $254.2m, providing a strong growth base.
Dividends and distributions totaled 3.5cps, unchanged from prior year.
Outlook and guidance
FY26 dividend/distribution forecast is 1.0cps, reflecting lower cash income post-special distribution.
Focus on building third-party capital, growing loan portfolios, and opportunistic scaling in both debt and equity as market volatility persists.
Australian commercial real estate market expected to stabilize, with value opportunities anticipated in H2 2025 as interest rates fall.
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