Metrics Income Opportunities Trust (MOT) H2 2024 earnings summary

Executive summary

• MOT delivered a net return of 9.95% for FY24, at the upper end of its 8–10% p.a. target, with annualised returns since inception of 8.94% p.a.

• Net assets grew to $709m from $566m year-over-year, driven by $44.5m from a Unit Purchase Plan and $92.4m from a Wholesale Placement.

• The Fund invested across 168 assets, entering 52 new and exiting 45 investments, with positive credit performance.

• Industry recognition included multiple awards for alternative asset management and fixed interest management.

Financial highlights

• Revenue from ordinary activities rose 12.8% to $64.7m compared to FY23.

• Profit for the year increased 14.3% to $56.5m year-over-year.

• Distributions paid or payable totaled $53.5m (19.37 CPU), up from $44.8m (16.89 CPU) in FY23.

• Net tangible assets per unit at 30 June 2024 were $2.14, up from $2.13 at 30 June 2023.

• Total assets reached $709m, up from $566m at the prior year end.

Outlook and guidance

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

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