Elanor sinks deeper into loss as funding costs bite and FUM halves

Elanor Investors Group ( (AU:ENN) ) has provided an update.

Elanor Investors Group reported a HY26 core earnings loss of $8.9 million and no distribution for the half year to 31 December 2025, as higher borrowing costs from short-term bridging finance and elevated gearing of 79.1% weighed on results and cut net tangible assets to $0.01 per security. Funds under management fell to $2.7 billion amid the unwinding of its Challenger Life mandate and a series of retail, commercial and hotel asset divestments, driving a 25% drop in funds management income to $18.3 million while the group continued to lower corporate costs and progress a recapitalisation led by Rockworth to ease its capital structure.

More about Elanor Investors Group

Elanor Investors Group is an Australia-based real estate funds management business focused on managing retail, commercial and hotel property assets for institutional and wholesale investors. The group generates income primarily from management, leasing, development and transaction fees across its funds platform, with a market focus on active asset management and capital recycling through divestments and recapitalisations.

Technical Sentiment Signal: Sell

Current Market Cap: A$121.7M

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