Metrics Master Income Trust
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Metrics Master Income Trust (MXT) investor relations material

Metrics Master Income Trust H1 2026 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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H1 2026 earnings summary23 Feb, 2026

Executive summary

  • Achieved a 12% year-over-year increase in both revenue and profit for the half-year ended 31 December 2025, with revenue at $98.8 million and profit at $94.6 million.

  • Distributed $94.0 million to unitholders, equating to 7.69 cents per unit, with a subsequent distribution of 1.36 cents per unit declared post-period end.

  • Net tangible assets (NTA) per unit remained stable at $2.00, with total assets of $2.46 billion and net assets attributable to unitholders at $2.45 billion.

  • The investment strategy focuses on diversified Australian corporate loans, aiming to outperform the RBA Cash Rate plus 3.25% p.a. (net of fees).

Financial highlights

  • Revenue from ordinary activities increased to $98.8 million, up 12% from $88.3 million year-over-year.

  • Profit for the half-year rose to $94.6 million, a 12% increase from $84.8 million in the prior period.

  • Distributions paid and payable totaled $94.0 million (7.69 cents per unit), compared to $83.7 million (7.88 cents per unit) last year.

  • Basic and diluted earnings per unit were 7.73 cents, down from 7.99 cents in the prior year.

  • Net cash inflow from operating activities was $89.3 million, with a net decrease in cash and cash equivalents of $48,000.

Outlook and guidance

  • The fund will continue to be managed according to its investment objectives and guidelines, with future results dependent on investment market performance.

  • Investment performance is not guaranteed, and future returns may differ from past returns.

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H2 202625 Aug, 2026
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Frequently asked questions

Metrics Master Income Trust is an Australian investment trust that provides investors with exposure to a diversified portfolio of private credit and loan assets. Managed by Metrics Credit Partners, the trust focuses on generating regular income by investing in loans to Australian businesses across various sectors, including corporate, real estate, and infrastructure. The trust aims to deliver stable, income-driven returns through active management and a structured credit strategy, allowing investors access to the private debt market, which typically offers fixed-income opportunities not correlated with traditional equity markets. The trust is listed on the ASX and is managed from Sydney, Australia.

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