Microequities Asset Management Group Limited (ASX: MSE) has reported a 46.4% increase in profit after tax attributable to its owners, reaching $4.72 million for the half-year ending 31 December 2024. Revenue from ordinary activities rose by 7.6% to $6.27 million.
Funds under management grew by 9% to $650 million, driven by strong investment performance across key funds, including the Deep Value Fund, Pure Microcap Value Fund, and Global Value Microcap Fund. Operating profit from investment management increased by 13% to $4.1 million.
The company has declared a fully franked interim dividend of 1.9 cents per ordinary share, a 5.2% rise. This aligns with its policy of distributing 70% to 100% of cash operating profit from investment management operations.
Microequities’ balance sheet investments have grown significantly, rising from $2.8 million at its IPO in 2018 to $21.8 million as of 31 December 2024. These investments primarily consist of the company’s funds, reinforcing its commitment to aligning with client outcomes.
Chief executive officer Carlos Gil noted that market conditions for their asset class had improved, though competition in the alternative asset sector remained strong. He stated that the company was positioning itself for future growth, supported by an expanded business development team and strategic investments in sales and marketing.
