Clime Capital (CAM) H1 2025 earnings summary

Executive summary

• Recorded an after-tax loss of $707,734 for the half-year ended 31 December 2024, compared to a profit of $3,668,581 in the prior corresponding period, mainly due to higher unrealised losses on the investment portfolio.

• Investment revenue dropped to $463,815 from $6,472,259 year-over-year, reflecting $5,951,637 in unrealised losses offset by $3,439,682 realised gains and $2,975,770 in dividend and interest income.

• Continued quarterly dividend payments, with $4,074,197 declared during the period, up from $3,934,782 a year earlier.

• Net Tangible Assets (NTA) per share at 31 December 2024 were $0.77 (pre- and post-tax, cum-dividend), down from $0.81 and $0.82 at 30 June 2024.

Financial highlights

• Net realised gain on investments was $3,439,682, reversing prior period losses of $1,634,249.

• Net unrealised loss on investments was $5,951,637, compared to a gain of $4,926,147 in the previous year.

• Total expenses before finance costs were $1,356,570, slightly down from $1,383,754 year-over-year.

• Basic and diluted loss per share was (0.48) cents, compared to earnings per share of 2.57 and 2.52 cents, respectively, in the prior period.

• Cash and cash equivalents at period end were $4,487,580, down from $12,671,129 at 30 June 2024.

Outlook and guidance

• No explicit forward guidance provided, but the company continues to pay regular dividends and maintains a stable capital base.