Clime Investment Management Ltd (CIW) AI Stock Analysis

• Market Cap: AU$27.23M
• Dividend Yield: 2.03%
• Average Volume (3M): 25.76K
• Price to Earnings (P/E): 46.9
• Beta (1Y): 0.23
• Revenue Growth: 18.17%
• EPS Growth: N/A
• Country: AU
• Employees: 7
• Sector: Financial
• Sector Strength: 70
• Industry: Asset Management
• EPS (TTM): <0.01
• Shares Outstanding: 82,513,306
• 10 Day Avg. Volume: 18,187
• 30 Day Avg. Volume: 25,761
• PEG Ratio: -0.52
• Price to Book (P/B): 1.42
• Price to Sales (P/S): 2.26
• P/FCF Ratio: -103.74
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 53 Neutral
• Price Target: AU$0.34 ▼(-11.84% Downside)
• Action: Reiterated Date: 01/04/26
• Date: Action: Reiterated 01/04/26

The score is held back primarily by weak cash generation (negative operating/free cash flow) and a demanding valuation (high P/E). A debt-free balance sheet and improved FY2025 profitability/revenue provide support, while technical signals are only moderately positive.

Positive Factors

Debt-free balance sheet

A debt-free balance sheet provides durable financial flexibility, lowering bankruptcy and interest-rate risks and allowing management to fund operations, absorb cash shortfalls or invest in distribution without refinancing. This structural strength supports stability across cycles.

Revenue rebound and return to profitability

A meaningful revenue rebound and a return to net profit demonstrate the firm can regain growth and translate inflows into earnings, reinforcing the fee-based business model. If sustained, this supports recurring management fees and the ability to rebuild reserves and reinvest in distribution.

Fee-based recurring revenue model

A fee-based asset-management model generates recurring revenues tied to assets under management and performance, creating scalable cash flows as FUM grows. Structural reliance on management and administration fees supports predictable income streams when investment performance and distribution remain stable.

Negative Factors

Negative operating and free cash flow

Persistent negative operating and free cash flows undermine the company’s ability to self-fund operations and invest in growth. Over months, continued cash burn forces reliance on the equity base or external funding, constraining strategic flexibility and raising execution risk for scaling distribution or product development.

Thin margins and earnings volatility

Low net margins and multi-year earnings volatility reduce resilience to market swings and pressure the firm’s capacity to invest in marketing or talent. For an asset manager, margin compression limits reinvestment and makes long-term growth plans sensitive to short-term performance and FUM fluctuations.

Low returns on equity

Very low and historically negative ROE signals that the company’s equity base has not translated into consistent profitability, implying poor capital efficiency. Over the medium term this can constrain shareholder value creation and make it harder to attract capital or justify retained earnings for growth initiatives.

Clime Investment Management Ltd Business Overview & Revenue Model

Company Description

Clime Investment Management Limited is a publicly owned investment manager. The firm provides its services to private wealth groups, self managed superannuation funds, family offices and individual investors. The firm manages client focused portfolios and funds for its clients. It invests in the public equity markets across the globe. It employs a combination of quantitative analysis and qualitative to make its investments. Clime Investment Management Limited was founded in 1996 and is based in Sydney, Australia.

How the Company Makes Money

CIW primarily makes money by charging fees for managing client and investor capital through its investment products and mandates. Key revenue streams typically include: (1) management fees calculated as a percentage of funds under management (FUM) across its managed funds and portfolios, generally accruing over time as long as capital remains invested; (2) performance fees where applicable, earned when a fund or strategy exceeds a defined benchmark or hurdle (specific structures and applicability: null); and (3) administration and other service fees related to operating managed investment products and servicing investors (specific fee lines and amounts: null). Revenue is therefore influenced by (a) the level of FUM (net inflows/outflows and market movements), (b) investment performance (which can affect both performance fees and the ability to attract/retain FUM), and (c) distribution capability (channels and significant partnerships: null).

Clime Investment Management Ltd Financial Statement Overview

Summary

FY2025 showed a return to profitability and strong revenue rebound, supported by a conservative, debt-free balance sheet. However, earnings durability is weakened by multi-year volatility and, most importantly, continued negative operating and free cash flow that does not yet validate the turnaround.

Income Statement

Revenue rebounded strongly in FY2025 (+21.0% YoY) after a decline in FY2024, and the company returned to profitability (net income +0.51m vs. -3.77m in FY2024). That said, profitability remains thin (FY2025 net margin ~3.8%), and results have been volatile over the last several years with large losses in FY2023–FY2024 following strong profitability in FY2021—reducing confidence in earnings durability.

Balance Sheet

The balance sheet is conservatively positioned with no debt in FY2025 (down from modest leverage in prior years) and a large equity base (~21.3m) relative to assets (~25.1m). The key weakness is that returns on equity are currently low (~2.4% in FY2025) and were negative in FY2023–FY2024, indicating the capital base has not been consistently productive.

Cash Flow

Cash generation is a clear weak spot: operating cash flow was negative in FY2025 (-0.21m) and FY2024 (-0.22m), and free cash flow was also negative in both years. While profitability improved in FY2025, cash conversion did not follow, increasing reliance on balance-sheet strength to fund operations and limiting financial flexibility if the cash burn persists.

Breakdown	TTM	Jun 2025	Jun 2024	Jun 2023	Jun 2022	Jun 2021
Income Statement
Total Revenue	14.50M	13.39M	11.33M	13.44M	11.98M	16.85M
Gross Profit	13.09M	13.39M	11.19M	13.44M	11.73M	15.72M
EBITDA	1.96M	1.06M	-1.72M	-865.00K	1.18M	4.71M
Net Income	925.24K	510.68K	-3.77M	-1.87M	96.91K	2.28M
Balance Sheet
Total Assets	29.77M	25.06M	27.66M	31.16M	30.65M	30.83M
Cash, Cash Equivalents and Short-Term Investments	4.74M	2.47M	5.06M	6.82M	13.34M	11.75M
Total Debt	6.09M	0.00	532.79K	1.01M	1.44M	1.81M
Total Liabilities	6.04M	3.72M	6.81M	7.90M	5.35M	7.76M
Stockholders Equity	23.73M	21.34M	20.86M	23.27M	25.30M	23.08M
Cash Flow
Free Cash Flow	-1.27M	-291.87K	-467.08K	-1.74M	66.66K	643.43K
Operating Cash Flow	-1.14M	-206.81K	-221.76K	-1.18M	734.63K	1.34M
Investing Cash Flow	-760.49K	-1.62M	-2.39M	-4.63M	-818.18K	112.55K
Financing Cash Flow	1.44M	-752.58K	730.88K	-714.93K	1.68M	-1.70M

Clime Investment Management Ltd Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.38
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:CIW, the sentiment is Negative. The current price of 0.38 is above the 20-day moving average (MA) of 0.36, above the 50-day MA of 0.37, and below the 200-day MA of 0.38, indicating a bearish trend. The MACD of -0.01 indicates Positive momentum. The RSI at 10.57 is Positive, neither overbought nor oversold. The STOCH value of >-0.01 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:CIW.

Clime Investment Management Ltd Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
FID	73 Outperform	AU$310.94M	9.55	32.31%	4.00%	10.61%	23.34%
MAM	72 Outperform	AU$64.02M	2.97	32.22%	6.39%	22.67%	19.47%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
WTL	61 Neutral	AU$44.48M	5.00	11.37%	5.00%	16.64%	19.30%
LCE	55 Neutral	AU$26.98M	38.35	2.17%	2.94%	38.32%	―
CIW	53 Neutral	AU$27.23M	46.88	2.42%	2.03%	18.17%	―

Clime Investment Management Ltd Corporate Events

Clime Strikes $6.5m Strategic Deal to Form Practitioner-Led Advice Business

Clime Investment Management has entered a binding term sheet for a strategic partnership with an established Australian financial advice group, under which the counterparty will acquire Clime Advice Pty Ltd and its authorised representative network. The combined advice business, operating under the Clime Private Wealth brand, is expected to advise on more than $2 billion in funds under advice.

Clime will retain a 10% equity stake in the merged advice business, supported by vendor finance and options to increase its holding to up to 25% over time. The $6.5 million transaction, excluding Clime Private Wealth (QLD), is designed to shift Clime’s focus further toward investment management while keeping strategic alignment with a practitioner-led advice model as completion is targeted by the end of March 2026.

The most recent analyst rating on (AU:CIW) stock is a Hold with a A$0.33 price target. To see the full list of analyst forecasts on Clime Investment Management Ltd stock, see the AU:CIW Stock Forecast page.

Clime Investment Management Updates Progress of On-Market Share Buy-Back

Clime Investment Management Ltd has provided an updated notification on its on-market share buy-back program for its ordinary fully paid shares trading under the ASX code CIW. The notice confirms that as of 12 March 2026 the company repurchased a total of 475,078 shares before the previous day and bought back an additional 10,000 shares on the preceding trading day.

The ongoing daily buy-back activity, first notified in March 2025, signals continued capital management by Clime and may support its share price and earnings per share by reducing the number of shares on issue. Regular updates on the buy-back progress provide transparency for investors and indicate the company’s sustained commitment to returning value to shareholders through on-market repurchases.

The most recent analyst rating on (AU:CIW) stock is a Hold with a A$0.34 price target. To see the full list of analyst forecasts on Clime Investment Management Ltd stock, see the AU:CIW Stock Forecast page.

Clime Investment Management Updates Daily On-Market Share Buy-Back

Clime Investment Management Ltd has provided an update on its ongoing on-market share buy-back program for its ordinary fully paid shares, CIW. The company reported that a total of 424,424 shares had been repurchased before the previous trading day, with an additional 50,654 shares bought back on the previous day as part of the program.

The latest notification, dated 10 March 2026, continues the series of daily disclosures that began in March 2025 and reflects Clime’s active capital management strategy. The continued buy-back may support earnings per share and signal confidence in the company’s valuation, with implications for existing shareholders through a reduced share count over time.

The most recent analyst rating on (AU:CIW) stock is a Hold with a A$0.39 price target. To see the full list of analyst forecasts on Clime Investment Management Ltd stock, see the AU:CIW Stock Forecast page.

Clime Investment Management Names Paul Lahiff to Board With No Initial Equity Stake

Clime Investment Management Limited has appointed Paul Alan Lahiff as a director, effective 4 March 2026. According to the initial director’s interest notice lodged with the ASX, Lahiff currently holds no relevant interests in the company’s securities and has no disclosed interests in related contracts, indicating a governance-focused appointment without immediate equity exposure.

The lack of shareholdings or contractual interests suggests Lahiff joins the board as an independent figure, potentially enhancing Clime’s corporate governance profile. For shareholders and regulators, the disclosure underscores compliance with ASX listing rules and provides transparency around board composition and director interests at the time of his appointment.

The most recent analyst rating on (AU:CIW) stock is a Hold with a A$0.39 price target. To see the full list of analyst forecasts on Clime Investment Management Ltd stock, see the AU:CIW Stock Forecast page.

Clime names veteran banker Paul Lahiff as chair to steer next growth phase

Clime Investment Management Limited has appointed veteran financial services executive Paul Lahiff as Independent Non-Executive Chair, adding deep governance, banking and transaction experience to its board as it refines its strategic direction. The move follows the sale of the Clime International Fund and is positioned as critical to completing the company’s transition and driving its next phase of growth, under a leadership trio of Lahiff as chair, founder John Abernethy on investment and clients, and Managing Director Michael Baragwanath overseeing operational repositioning and strategy.

The most recent analyst rating on (AU:CIW) stock is a Hold with a A$0.39 price target. To see the full list of analyst forecasts on Clime Investment Management Ltd stock, see the AU:CIW Stock Forecast page.

Clime Investment Management Updates Market on Progress of On‑Market Share Buy‑Back

Clime Investment Management has provided an updated notification to the ASX on the progress of its on‑market share buy‑back program for its ordinary fully paid shares. The company reported that it had repurchased a total of 400,247 shares prior to the previous trading day and bought back an additional 24,177 shares on the previous day, signaling an ongoing capital management initiative that may support earnings per share and shareholder value.

The latest filing, dated 3 March 2026, is a routine daily update under its buy‑back that was initially notified to the market on 24 March 2025. By steadily reducing its share count through on‑market purchases, Clime is continuing to deploy capital into its own stock, which can be interpreted as confidence in its valuation and prospects while potentially improving liquidity and capital structure for existing investors.

The most recent analyst rating on (AU:CIW) stock is a Hold with a A$0.39 price target. To see the full list of analyst forecasts on Clime Investment Management Ltd stock, see the AU:CIW Stock Forecast page.

Clime lifts profit, streamlines funds as it pivots to high-net-worth clients

Clime Investment Management reported an operating profit of $1.061 million before tax, amortisation and depreciation for the half-year to 31 December 2025, a 162% improvement driven largely by the gain on sale of a retail client book. The company declared a fully franked interim dividend of 0.3 cents per share and recorded statutory profit after tax of $157,000 after significant non-cash charges and one-off expenses, while also noting unrealised potential performance fees from portfolio outperformance.

Funds under management and advice stood at about $1.55 billion, complemented by Clime Private Wealth’s $0.92 billion in funds under direction and a balance sheet with $6.05 million in investments and net cash of approximately $0.8 million. The board has moved to simplify the business by selling its International Fund for $2 million, closing its Small Companies and Income funds due to subscale economics, and sharpening its strategic focus on high-net-worth and sophisticated investors where it believes its integrated portfolio and co-investment capabilities can deliver better returns and margins.

The most recent analyst rating on (AU:CIW) stock is a Hold with a A$0.39 price target. To see the full list of analyst forecasts on Clime Investment Management Ltd stock, see the AU:CIW Stock Forecast page.

Clime Investment Management Profit Surges Despite Revenue Drop After Strategic Shift

Clime Investment Management reported a 12% decline in gross revenue to $5.37 million for the half year to 31 December 2025, reflecting its strategic shift towards wholesale clients and higher operating expenses driven by investments in Private Credit, Advice and Operations teams. Despite lower revenue, profit before tax surged 281% to $358,808, supported by a $1.65 million gain from the sale of a retail client book, a sharp rise in net tangible assets per share, potential but unrecognised performance fees from the CAM portfolio, and the board’s proposal of a fully franked interim dividend of 0.3 cents per share for FY26.

The most recent analyst rating on (AU:CIW) stock is a Hold with a A$0.39 price target. To see the full list of analyst forecasts on Clime Investment Management Ltd stock, see the AU:CIW Stock Forecast page.

Clime Sells International Retail Fund in Strategic Refocus on Wholesale Business

Clime Investment Management has agreed to sell its Clime International Retail Managed Investment Scheme to a new market entrant for $2 million in cash, payable in tranches and subject to trustee consent and retention conditions over the next six months. Clime will remain investment manager and the fund will retain the Clime International Fund name until the purchaser formally launches in Australia, with settlement expected before 30 March 2026.

The divestment supports Clime’s strategy to streamline operations and prioritise its wholesale business, while also realising cash for the company. The deal introduces a strategic partner with complementary global equity capabilities, which Clime expects will broaden the range of expertise and investment options available to its wholesale client base.

The most recent analyst rating on (AU:CIW) stock is a Hold with a A$0.39 price target. To see the full list of analyst forecasts on Clime Investment Management Ltd stock, see the AU:CIW Stock Forecast page.

Clime Brings Founder Back to Investment Helm as It Refocuses on High‑Net‑Worth Growth

Clime Investment Management has announced a significant strategic shift with the return of founder John Abernethy to an operational role as Director of Investments, re-aligning the firm’s portfolio construction, asset allocation, and client engagement with his long-standing investment philosophy alongside Chief Investment Officer Leo Economides. The company has completed the sale of a portion of its retail financial advice business, reducing lower-margin operations and crystallising an expected book profit of more than $1 million, while recent strong fund performance, including outperformance by Clime Capital Limited and the associated provisioning of performance fees, underscores management’s focus on higher-value high-net-worth clients and disciplined execution of its refined product roadmap over the coming months.

The most recent analyst rating on (AU:CIW) stock is a Hold with a A$0.39 price target. To see the full list of analyst forecasts on Clime Investment Management Ltd stock, see the AU:CIW Stock Forecast page.

Clime Investment Management Seeks ASX Quotation for Additional Ordinary Shares

Clime Investment Management Ltd has applied for quotation on the ASX of 2,801 new fully paid ordinary shares under its CIW ticker, effective 22 January 2026. The modest issuance arises from the exercise or conversion of existing options or other convertible securities, slightly increasing the company’s listed share capital and reflecting ongoing equity-related activity without indicating a major change to its capital structure or operations.

The most recent analyst rating on (AU:CIW) stock is a Hold with a A$0.39 price target. To see the full list of analyst forecasts on Clime Investment Management Ltd stock, see the AU:CIW Stock Forecast page.

Clime Director John Abernethy Increases Stake via On-Market Share Purchase

Clime Investment Management Limited has disclosed a change in the interests of director John Bruce Abernethy, who has increased his indirect holding in the company through an on-market purchase. Abernethy’s self-managed superannuation fund acquired 25,000 fully paid ordinary shares for $9,404.95 on 31 December 2025, lifting his total relevant interest to 6,306,350 shares across associated entities and family members, signaling continued personal investment alignment with the company’s performance and prospects.

The most recent analyst rating on (AU:CIW) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Clime Investment Management Ltd stock, see the AU:CIW Stock Forecast page.

Clime Investment Management Ltd Announces New Securities Quotation

Clime Investment Management Ltd has announced the issuance and quotation of 125 ordinary fully paid securities on the Australian Securities Exchange (ASX). This move is part of the company’s efforts to enhance its market presence and provide additional value to its stakeholders through increased liquidity and investment opportunities.

The most recent analyst rating on (AU:CIW) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Clime Investment Management Ltd stock, see the AU:CIW Stock Forecast page.