Income Asset Management Posts Quarterly Loss as Fraud Costs Exceed $3.5m

Income Asset Management Group Limited ( (AU:IAM) ) has shared an update.

Income Asset Management Group reported Q2 FY2026 operating revenue of $3.8 million, excluding a further $1 million in contracted revenue awaiting regulatory approval, with an unaudited normalised EBITDA loss of $0.9 million and a normalised net operating loss of $1.3 million. The group ended the quarter with $3.7 million in cash and $0.4 million in liquid assets, supported by a $2 million debt raise in December, and estimates that total direct losses and costs from previously disclosed fraudulent activity exceed $3.5 million; management is relying on debt funding, expected receipts and expense stabilisation to support ongoing operations while legal proceedings and insurance claims continue, and notes that clients have not suffered losses or lodged complaints related to the fraud.

The most recent analyst rating on (AU:IAM) stock is a Sell with a A$0.03 price target. To see the full list of analyst forecasts on Income Asset Management Group Limited stock, see the AU:IAM Stock Forecast page.

More about Income Asset Management Group Limited

Income Asset Management Group Limited is an ASX-listed financial services firm focused on income-generating investments, offering fixed income and cash management solutions to clients across Australia. The company operates from offices in Sydney, Melbourne, Brisbane and Perth, targeting investors seeking income-focused asset management and related services.

Average Trading Volume: 760,696

Technical Sentiment Signal: Hold

Current Market Cap: A$32.58M

See more data about IAM stock on TipRanks’ Stock Analysis page.