MYP (F86) H1 2025 earnings summary

Executive summary

• H1 FY2025 revenue rose 5.8% YoY to $9.18m; operating results increased 4.5% to $5.55m, while net loss narrowed 8.1% to $2.21m.

• Property sale proceeds and higher operating cash generation supported cash-flow performance; the period ended with $89.0m cash and cash equivalents for cash-flow purposes.

Financial highlights

• Revenue was $9.18m, up 5.8% YoY, primarily from higher rents under certain occupancy agreements.

• Operating expenses rose 2.4% to $11.34m; operating results increased 4.5% to $5.55m.

• Net loss was $2.21m versus $2.40m in H1 FY2024; income tax expense fell to $5k from $264k.

• Operating cash flow was $5.95m, investing cash flow $7.29m, and financing cash outflow $12.51m; cash-flow cash increased $0.73m during the period.

Outlook and guidance

• Monitoring office rental-market conditions and bank interest-rate fluctuations; exploring strategic investments in value assets with potential for attractive returns.

• The board is not recommending an interim dividend, citing the aim of retaining resources for future investments and long-term sustainable growth.