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IAM Reports Stable Revenue and 31% Growth in Bond FuA Amid Debt Retirement
12:58pm on Friday 24th of January, 2025 AEDT
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Financial Services
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IAM Reports Stable Revenue and 31% Growth in Bond FuA Amid Debt Retirement
12:58pm on Friday 24th of January, 2025 AEDT
Key Points
Q2 FY2025 revenue steady at $4.0 million despite seasonal slowdown
Bond and loan funds under administration (FuA) grew 31% year-on-year to $2.2 billion
Client accounts increased 38% year-on-year to 2,405
Retired $10 million debt facility, saving $1.2 million in annual interest
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Income Asset Management (ASX:IAM)
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