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    HMC Capital reports 40% EPS surge, AUM hits $12.7B

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    HMC Capital (ASX:HMC) has released its FY24 financial results, highlighting a significant 40% increase in its operating EPS to 37.0 cents per share, alongside an improved operating margin of 68%.

    The company's assets under management soared to $12.7 billion, marking a 30% growth from the previous fiscal year.

    Group Managing Director and CEO David Di Pilla acknowledged the company's achievements in strengthening its investment and fundraising capabilities.

    HMC Capital announced key strategic hires, including the appointment of Adam Baxter to lead global institutional capital raising from New York and Tim Koroknay to head wholesale distribution.

    Additionally, HMC Capital has launched new growth platforms, securing its first seed investment in the energy transition sector.

    "The scalability of our business model and competitive advantages is a testament to our strong growth since listing," said David Di Pilla, Group Managing Director and CEO of HMC Capital.

    With a clear focus on expanding its portfolio, HMC Capital says it aims to elevate its assets under management to over $50 billion in the next 3-5 years.

     

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