Gryphon Capital Income Trust (GCI) H2 2024 earnings summary

Executive summary

• Achieved a 35.8% year-over-year increase in revenue to $53.7 million and a 38.9% rise in operating profit to $48.9 million for the year ended 30 June 2024.

• Monthly distributions totaled 17.08 cents per unit, amounting to $46.6 million, with an additional 1.43 cents per unit paid in August 2024.

• Raised $184.8 million in new capital through entitlement offers and placements, increasing units on issue to 335.6 million.

Financial highlights

• Net tangible assets attributable to unitholders rose to $673.9 million from $486.8 million year-over-year.

• Net tangible assets per unit remained stable at $2.01 (2024) versus $2.00 (2023).

• Total assets increased to $679.1 million from $490.7 million year-over-year.

• Earnings per unit rose to 18.36 cents from 14.47 cents year-over-year.

• Net cash from financing activities was $139.3 million, reflecting strong capital inflows.

Outlook and guidance

• The Trust will continue to be managed in line with its investment objectives and guidelines.

• Future results will depend on investment market performance; past returns are not indicative of future performance.