Income Asset Management Group Limited (ASX:IAM) Reports Record Q4 Revenue
Financial Performance
Income Asset Management Group Limited reported $4.05 million in revenue for the quarter ended 31 May 2025, following a record $2.85 million month in May. The company previously generated $3.7 million in revenue for the prior quarter and maintained $4 million per quarter in the two quarters before that.
Operational Highlights
In May, IAM achieved $2.85 million in revenue through Debt Capital Market deals and enhanced secondary trading. The firm made its highest-ever bid of $300 million in the Macquarie Tier 2 public issue, reflecting its strong market presence. Additionally, IAM served as the lead manager for the BB-rated $175 million 9.25% Fixed Rate Notes issued by Magnetic Rail Group Pty Ltd.
Trade Activity and Partnerships
May saw an uplift in trading with 1,487 trades executed, supported by IAM’s partnership with Perpetual Custody Trust (PCT). This collaboration allowed IAM to manage increased trade volume without additional resource costs. Funds under advice grew to over $2.37 billion, marking a 28% increase since May 2024.
Future Outlook
With an ongoing strong pipeline and an additional month of trading, IAM anticipates finishing Q4 above its usual average revenue. The company also plans to announce further synergies from the PCT partnership as they develop.
Executive Comments
CEO Jon Lechte stated, “We achieved a positive operating cashflow result in Q3 2025, and now have accelerated in Q4 2025 on the back of improved trade conditions and debt capital market performance. To see our salesforce lift their performance, bid the highest number ever for a tier 2 deal and be the lead manager of a $175m bond issue within the OneRail Australia Debt Issuance Programme reflects the investments we have made in people and the structure and scale we can provide to our investor market and clients. As we have grown, we have maintained a disciplined approach to limit the addition of operational costs through our partnership with PCT, who already have the scale in place to service IAM. With the recent RBA 25bp reduction, bond yields look even more attractive and IAM continues to service a growing client base with its unique offering.”
Motley Fool contributor Aaron Shaw has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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