Perpetual Credit Income Trust (PCI) H1 2025 earnings summary

Executive summary

• Net assets attributable to unitholders rose 21.6% year-over-year to $534.5 million as of 31 December 2024.

• Profit for the half-year was $19.5 million, down 9% from $21.4 million in the prior corresponding period.

• Investment income decreased 6.3% year-over-year to $21.9 million, reflecting lower net portfolio performance.

• The Trust maintained its investment objective of providing monthly income via a diversified credit and fixed income portfolio.

Financial highlights

• Distributions for the half-year totaled $19.8 million (4.1099 cents per unit), up from $16.3 million (4.0587 cents per unit) year-over-year.

• Net tangible assets per unit were $1.099 at 31 December 2024, a slight decrease from $1.100 at 30 June 2024.

• Basic and diluted earnings per unit were 4.09 cents, down from 5.31 cents in the prior period.

• Cash and cash equivalents increased to $11.1 million from $10.2 million at 30 June 2024.

Outlook and guidance

• The Trust will continue to be managed in line with its investment objectives and guidelines.

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