In an ASX statement, Clime Capital Limited has announced an unaudited profit after tax of around $3 million for the 2025 financial year and is set to release its full results later this month.
It also announced unaudited pre-tax profit of approximately $4.4 million, a cash balance of $15.6 million and a profit reserve of $33.3 million.
The board has also advised that it intends to declare a September quarter dividend of no less than 1.35 cents per share.
Clime Capital previously reported a net loss after tax of $0.7 million in its results for the half year ending 31 December 2024, with the value of unlisted investments in its portfolio falling $2.3 million below the cost price.
The listed investment company also received updated valuations in the six months to 31 December, resulting in a negative adjustment of $0.78 million.
This included a $1.5 million write-off in the value of the Bluewater Square Syndicate, managed by Eleanor Investors Group.
Following the net loss result, the investment manager said it would actively re-position the portfolio to deliver improved performance in 2025.
“We continue to shift the portfolio away from the over-valued areas of the market including the banks sector, rotating funds into an improving consumer outlook as the domestic economy strengthens,” it stated in its half-year results.
The Clime Capital Limited portfolio was able to recover the reported losses by the end of January this year, with pre-tax profit at approximately $1.4 million for the seven months ended 31 January 2025.
Climate Capital stated in February that the unlisted yield portfolio has been bolstered by an allocation to high yielding first mortgage credit positions.
“The average yield on these securities is in excess of 9.5 per cent per annum and the average maturity profile is 12 months,” it said.
