Metrics Income Opportunities Trust (MOT) H2 2024 earnings summary

Executive summary

• Achieved a 12.8% year-over-year increase in revenue to $64.7 million and a 14.3% rise in profit to $56.5 million for the year ended 30 June 2024.

• Net assets attributable to unitholders grew to $709 million, up from $566 million, driven by successful capital raisings and portfolio expansion.

• Consistent monthly income distributions delivered, with a net return of 9.95% for the year, at the upper end of the 8-10% target range.

• Portfolio diversified across 168 assets, with positive credit performance and increased exposure to equity-like investments.

Financial highlights

• Revenue from ordinary activities: $64.7 million (up 12.8% year-over-year).

• Profit for the year: $56.5 million (up 14.3% year-over-year).

• Distributions paid: $53.5 million (19.37 cents per unit), compared to $44.8 million (16.89 cents per unit) last year.

• Net tangible assets per unit: $2.14 at 30 June 2024, compared to $2.13 at 30 June 2023.

• Total assets: $709 million, up from $566 million.

Outlook and guidance

• Fund will continue to be managed according to its investment objectives, with future results dependent on market performance.

• Investment performance is not guaranteed; past returns may not predict future outcomes.