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Australian Ethical Investment (ASX:AEF) Sees Revenue and Profit Surge in FY24, Eyes Growth in FY25

Thu 30 Jan 25, 08:56 AM | Team Kalkine

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Highlights

Australian Ethical Investment Limited (ASX:AEF) is an ASX-listed ethical investment manager which has witnessed significant revenue and profit growth in the financial year 2024 (FY24).

During the reported period, AEF’s operating revenue surged by 24% YoY to AUD 100.5 million, up from AUD 81.1 million in FY23. Meanwhile, funds under management (FUM) grew 13% YoY, reaching AUD 10.4 billion as of 30 June 2024. Additionally, the company's underlying net profit stood at AUD 18.5 million, reflecting a 57% increase compared to the previous year.

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