Important Note: The information in this announcement and accompanying presentation is based on the aggregated special purpose interim financial statements of Qualitas Limited, Qualitas Property Partners Pty Ltd and Qualitas Investments Unit Trust for the six months to 31 December 2021. For statutory reporting, please refer to the Appendix 4D and Interim Report. 1
25 February 2022: Qualitas Limited (Qualitas, the Company), an Australian alternative real estate investment manager with $4.22 billion of committed funds under management, is pleased to present its financial results for the six months to 31 December 2021 (1H FY22) and provide the following financial and operational update.
1H FY22 Highlights1
- Successful $335m initial public offering (IPO) and ASX listing
- Group EBITDA2 of $17.6m, up 134% on 1H FY21
- Funds management fees of $17.1m, up 33% on 1H FY21 and funds management operating EBITDA margin of 47%, up from 42% in 1H FY21
- Committed funds under management of $4.22 billion, up 42% on 30 June 2021
- $1.1bn of funds deployed, up 52% on 1H FY21
- Total Qualitas gross revenue of $37.8m, up 97% on 1H FY21
- Cash holdings of $292.4m at 31 December 2021 provides flexibility to pursue growth opportunities
- Net profit after tax of $4.9 million, up 44% from 1H FY21 after adjusting for Qualitas IPO costs
- Continues to build embedded performance fees across funds platform
- Reaffirmation of FY22 prospectus forecasts
Featured news
