Kyron Capital (KYN) H2 2025 earnings summary

Executive summary

• Focused on stabilising the business through balance sheet management, recapitalisation, cost initiatives, and leadership renewal.

• Strategic alliance with Rockworth Capital Partners and acquisition of Firmus Capital to expand growth in Asia.

• Asset realisation program executed, returning capital to investors and reducing debt.

• Funds under management declined to $5.5 billion as at 30 June 2025, down from $6.0 billion the prior year, primarily due to asset divestments and valuation impacts.

• Funds management income fell 16% year-over-year to $47.1 million, reflecting lower transaction activity and asset sales.

Financial highlights

• Recurring funds management income was $46.1m, down from $49.4m in FY24.

• Recurring funds management EBITDA was $9.0m, compared to $12.5m in FY24.

• Core earnings were $(8.9)m, a significant decline from $12.8m in FY24.

• Group AUM at $5.5bn as of 30 June 2025.

• NTA per security was $0.11 at 30 June 2025, down from $0.32 at 30 June 2024.

Outlook and guidance

• Ongoing cost management and asset realisation expected to support further business stabilisation.

• CEO recruitment in progress and governance enhancements underway.

• HY26 Financial Results and business activity updates are expected in the coming weeks.