Metrics Income Opportunities Trust (MOT) H1 2025 earnings summary

Executive summary

• Revenue for the half-year ended 31 December 2024 was $33.0 million, down 3.3% year-over-year from $34.1 million.

• Net profit for the period was $28.0 million, a 6.2% decrease compared to $29.9 million in the prior year.

• Distributions paid and payable totaled $26.6 million (8.02 cents per unit), down from $28.5 million (10.71 cents per unit) in the previous year.

• Net tangible assets (NTA) per unit remained stable at $2.14 as of 31 December 2024.

• The Fund continues to focus on diversified private credit investments, aiming for a 7% annual cash income distribution net of fees.

Financial highlights

• Total assets increased to $719.8 million as of 31 December 2024, up from $708.9 million at 30 June 2024.

• Net assets attributable to unitholders rose to $712.1 million from $709.0 million at 30 June 2024.

• Basic and diluted earnings per unit were 8.45 cents, down from 11.23 cents year-over-year.

• Cash and cash equivalents at period end were $1.5 million, compared to $2.5 million at 30 June 2024.

• Net cash from operating activities was $23.7 million, with $24.7 million used in financing activities (distributions paid).

Outlook and guidance

• The Fund will continue to be managed according to its investment objectives and guidelines.

• Future results will depend on investment market performance; past returns are not indicative of future performance.