Eildon Capital Group (ASX:EDC) Reports Half Year 2025 Results
Financial Performance
Eildon Capital Group reported a net profit after tax of $1.2 million before one-off adjustments. After impairments and other adjustments, the group recorded a net loss of $0.2 million. The company distributed 4.0 cents per stapled security, reflecting an annualised yield of 9.9%. The NAV per stapled security stood at $1.04, with net assets of $49.3 million and a cash balance of $3.8 million. The group maintains zero corporate debt.
Operational Highlights
The group sold management rights and co-investment stakes in property income funds for $3.6 million. It outsourced the management of the Eildon Debt Fund to Benchmark Property Group. Funding was provided for a $21 million first mortgage residual apartment stock loan in Malvern Road, with a forecast IRR of 15.2%. Additionally, the mezzanine facility for Kings Apartment/Newport Village was extended to March 2025. The group divested its stake in the Officer South Joint Venture and achieved significant cost savings by reducing employee and occupancy costs.
Group Outlook
Eildon Capital Group will not provide earnings or distribution guidance for FY2025. It will continue semi-annual distribution payments subject to earnings performance and cash availability. The group focuses on actively managing current investments, exiting smaller non-core investments, and strategising around large forecast cash inflows in CY2025.
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