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Clime Investment Management Ltd (ASX:CIW)

ALERT: Price-sensitive ASX Announcement for CIW
Current share price for CIW : $0.260 -0.04 (-13.33%)+
Announcement
Release
31 Aug 2026 6:22PM
Price at Release
$0.300
Full Release
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Summary
Clime Investment Management Limited’s preliminary final report for the year ended 30 June 2026 shows continuing operations revenue fell 17% to $7.57 million, but profit before tax from continuing operations increased 66% to $1.58 million and profit after tax attributable to members rose 57% to $0.80 million, supported by $3.94 million of other income from the sale of the Clime International and All Cap Funds and a reduction in equity ownership of James Street Wealth, as well as much higher performance fees largely from CAM portfolio outperformance; the report also outlines a strategic simplification of the business through disposal or planned disposal of managed funds, advice, SMA and MDA businesses, with discontinued operations recording a loss after tax of $65,572, assets held for sale of $8.73 million, completion after year end of the sale of Clime Advice Pty Ltd and MTIS Wealth Management Pty Ltd for $6 million, and a revised segment structure focused on Funds Management and Corporate, while net assets increased to $24.08 million, issued capital rose to $29.50 million, an FY25 final dividend of 0.50 cents per share and an FY26 interim dividend of 0.30 cents per share were paid, and the accounts were noted as being in the process of audit by KPMG.
Key Points
  • CIW is Clime Investment Management Limited and the document is its Appendix 4E preliminary final report for the year ended 30 June 2026.
  • Revenue from ordinary activities decreased 17% to $7,572,727.
  • Profit before tax from continuing operations attributable to members increased 66% to $1,579,153.
  • Profit after tax attributable to members increased 57% to $800,432.
  • Lower operating revenue was mainly due to reduced corporate advisory fees.
  • Other income of $3.94 million was generated from the sale of the Clime International and All Cap Funds and reduced ownership in James Street Wealth.
  • Performance fees rose to $2.29 million, largely due to CAM portfolio outperformance.
  • The group reported a tax expense of $713,149, elevated by non-deductible amortisation and impairment and capital gains recognised for tax purposes.
  • Discontinued operations recorded a loss after tax of $65,572.
  • Assets held for sale totalled $8,731,927 and related mainly to the advice business, SMA and MDA businesses, and Vertium fund management rights.
  • The sale of Clime Advice Pty Ltd and MTIS Wealth Management Pty Ltd completed after year end on 21 July 2026 for $6 million, including a $5 million loan note and 10% equity in KCB Group Holdings Pty Ltd.
  • The group sold investment management contracts for the Clime International Fund and Clime All Cap Australian Equities Fund, recognising proceeds of $1,984,975.
  • Net assets increased to $24,084,313 at 30 June 2026 from $21,340,416 a year earlier.
  • Issued capital increased to $29,503,003 following placements, option exercises and employee share issues, partly offset by on-market buybacks.
  • A fully franked FY25 final dividend of 0.50 cents per share was paid on 24 October 2025 and a fully franked FY26 interim dividend of 0.30 cents per share was paid on 24 July 2026.
  • The report states the financial statements were in the process of being audited by KPMG.
  • The group revised its reportable segments to Funds Management and Corporate as part of its strategic transformation.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.