HMC Capital (ASX:HMC) Reports 203% Revenue Surge in H1FY25, AUM Jumps 45% in Early FY25

Thu 27 Mar 25, 11:26 AM | Team Kalkine

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Highlights

HMC Capital’s revenue surged 203% YoY in H1FY25, supported by higher fund management fees and investment income

FY25 outlook remains optimistic, with institutional growth and major investment initiatives.

Real estate division is expected to contribute AUD 2.5 billion in AUM.

HMC Capital Limited (ASX:HMC) is a diversified alternative asset manager. In the first half of the financial year 2025 (H1FY25), the company delivered eye-popping numbers with total revenue soaring 203%YoY to AUD 272.3 million. This impressive growth was driven by a 209% YoY increase in fund management fees and a 179% YoY rise in investment income.

During the period, assets under management (AUM) expanded by 45% compared to June 2024, supported by strong deployment across digital infrastructure, energy transition, and private credit divisions. Additionally, operating earnings post-tax surged to AUD 140.5 million, significantly up from AUD 57.8 million in H1FY24.

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