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Income Asset Management Group Limited
(Sydney:IAM)
Income Asset Management Group Limited (IAM) vs. iShares MSCI Australia ETF (EWA)
Income Asset Management Group Limited Business Overview & Revenue Model
Income Asset Management Group Limited Financial Statement Overview
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 18.22M | 17.15M | 14.02M | 13.86M | 7.19M | 3.35M |
| Gross Profit | 5.94M | -54.97K | 6.29M | 9.94M | 1.40M | -11.31M |
| EBITDA | -3.48M | -2.75M | -6.77M | -2.21M | -9.65M | -14.44M |
| Net Income | -4.65M | -5.50M | -14.47M | -6.26M | -11.59M | -15.29M |
Balance Sheet | ||||||
| Total Assets | 8.83M | 10.45M | 9.36M | 22.34M | 18.39M | 18.48M |
| Cash, Cash Equivalents and Short-Term Investments | 4.09M | 7.24M | 5.29M | 9.28M | 2.93M | 7.22M |
| Total Debt | 7.37M | 1.12M | 10.66M | 8.48M | 4.80M | 3.94M |
| Total Liabilities | 7.68M | 4.26M | 14.63M | 13.51M | 7.01M | 6.66M |
| Stockholders Equity | 1.14M | 6.19M | -5.28M | 8.83M | 11.38M | 11.83M |
Cash Flow | ||||||
| Free Cash Flow | -1.95M | -4.49M | -7.26M | -1.31M | -7.25M | -7.50M |
| Operating Cash Flow | -1.90M | -4.39M | -7.19M | -1.23M | -7.10M | -7.38M |
| Investing Cash Flow | -205.77K | -583.52K | -468.25K | 3.00M | -3.66M | -721.41K |
| Financing Cash Flow | 1.27M | 6.21M | 3.22M | 4.54M | 7.60M | 9.90M |
Income Asset Management Group Limited Technical Analysis
Income Asset Management Group Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
61 Neutral | AU$47.91M | 10.14 | 15.13% | 5.00% | 16.64% | 19.30% | |
54 Neutral | AU$10.87M | 93.46 | 1.82% | 3.50% | -50.00% | -52.07% | |
53 Neutral | AU$28.88M | 29.10 | 2.42% | 2.03% | 18.17% | ― | |
52 Neutral | AU$33.26M | 24.14 | 1.06% | ― | -7.19% | ― | |
41 Neutral | AU$24.20M | -5.20 | -3959.24% | ― | 22.38% | 67.92% |
Income Asset Management Group Limited Corporate Events
Income Asset Management Group has released its interim report for the period 1 July to 31 December 2025, outlining its financial performance, trading update, and operating results for the first half of FY26. The report details the group’s strategy, business model, divisional performance, financial position, risk and governance framework, and includes a reviewed set of consolidated financial statements and an auditor’s independence declaration.
The interim report also contains reflections on first-half conditions in FY26 and how they have shaped the company’s operations and market positioning. By presenting updated financial data and governance disclosures, Income Asset Management aims to inform shareholders and other stakeholders about its current performance, capital position, and risk oversight ahead of the full-year results.
The most recent analyst rating on (AU:IAM) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Income Asset Management Group Limited stock, see the AU:IAM Stock Forecast page.
Income Asset Management Group Limited has appointed experienced corporate lawyer Alexandra Coleman as its new Company Secretary, effective 6 February 2026, succeeding Vanessa Chidrawi, who has held the role since December 2020. Coleman, who brings extensive expertise in corporate governance, regulatory compliance and related legal fields, will also serve as the primary contact for ASX Listing Rule matters, signalling a continued focus on strengthening IAM’s governance framework and regulatory engagement as it develops its income investment platform.
The most recent analyst rating on (AU:IAM) stock is a Hold 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.
Income Asset Management Group has reached a mediated commercial settlement with BGC to resolve all disputes arising from the 2020 hiring of five former BGC employees, now senior members of IAM’s management team. Under the agreement, IAM will pay A$1.9 million by the end of April 2026, without admission of liability, bringing to an end litigation that the company says had become costly, distracting and uncertain, and allowing key leaders to focus fully on growing the business. IAM has notified its insurer regarding the settlement and continues discussions on separate insurance claims related to historic fraudulent activity, while director and substantial shareholder Jim Simpson has committed an unsecured, specific-use liquidity facility to ensure the company can meet the settlement obligation if needed, though the board currently expects to fund the payment from existing resources.
The most recent analyst rating on (AU:IAM) stock is a Hold 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.
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.
Income Asset Management Group Limited has disclosed a change in the interests of director Jonathan Lechte, following the expiry of 3.6 million listed options held indirectly through entities Third Return Investments Pty Ltd and Third Return Super Pty Ltd. The expiry resulted in the removal of these options from Lechte’s indirect holdings, while his substantial direct and indirect fully paid ordinary shareholdings in the company remain unchanged, indicating no cash consideration or trading activity but a simplification of his equity position as option entitlements lapse.
The most recent analyst rating on (AU:IAM) stock is a Hold 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.
Income Asset Management Group Limited has announced that director Simon Maidment ceased to be a director of the company effective 1 January 2026, as disclosed in a Final Director’s Interest Notice to the ASX. Following his departure from the board, Maidment holds no securities as a registered holder but remains a beneficiary of a superannuation fund that owns 3,333,333 fully paid ordinary shares in the company, a structure that may influence perceptions of ongoing alignment between the former director and shareholders despite his formal exit from governance roles.
The most recent analyst rating on (AU:IAM) stock is a Hold 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.
Income Asset Management Group Limited has notified the ASX of the appointment of James Simpson as a director effective 1 January 2026. While Simpson holds no shares directly in his own name, he has a substantial relevant interest in 181,841,092 fully paid ordinary shares through Jamplat Pty Ltd, where he is a director, underscoring a significant alignment of interests between the new board member and the company’s shareholders.
The most recent analyst rating on (AU:IAM) stock is a Hold 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.
Income Asset Management Group has announced changes to its board, with Non-Executive Director Simon Maidment stepping down effective 1 January 2026 after helping guide the company through a challenging period marked by growth in transaction volumes, values and funds under administration. He will be replaced on the same date by substantial shareholder Jim Simpson, who already chairs the investment committee for the Income MDA launched in 2025, signalling a continued focus on strengthening governance and aligning board oversight with the firm’s expanding income investment offerings.
The most recent analyst rating on (AU:IAM) stock is a Hold 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.
Income Asset Management has executed documentation for a $2 million unsecured debt facility, with a 15% annual interest rate and maturity in July 2027, to bolster liquidity over the typically quieter Christmas trading period and while it awaits the outcome of an insurance claim related to a fraud event disclosed in September 2025. The facility, which allows early repayment without penalty, is being funded by a consortium that includes Managing Director Jon Lechte, incoming director Jim Simpson and other senior executives, underscoring internal confidence in the business as IAM reports strong second-quarter momentum in transaction volumes, deal values and funds under administration, and flags the imminent expiry of 45.66 million listed options at year-end.
The most recent analyst rating on (AU:IAM) stock is a Hold 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.