Auctus Investment Group Limited: FY23 Results

Auctus Investment Group Limited (ASX: AVC) a publicly traded private markets asset manager, has unveiled its robust financial outcomes for FY23. Noteworthy achievements include a remarkable 42% surge in Adjusted EBITDA, reaching AU$5.45 million, compared to FY22. The company's revenue showcased a commendable 40% escalation, totaling AU$16.41 million, with management fee revenue soaring by an impressive 56% to AU$6.24 million from the previous fiscal year. Auctus sustained an upward trajectory, boasting an 18% rise in annualized recurring revenue to AU$6.60 million.

Bolstered by prudent financial management, the firm maintains a strong balance sheet, boasting net assets of AU$28.76 million and a debt-free status. The FY23 Asset Management accomplishments highlight an 18% growth in Assets Under Management (AUM) to AU$533 million, marked by a 50% return on equity and 18% p.a. IRR from the successful sale of esVolta, LP. The sale of a stake in Petspiration Group (PETstock) is projected to further enhance Auctus's financial standing. These achievements are anticipated to lead to cash performance fees exceeding AU$9.68 million.

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