Income Asset Management Group Limited (IAM) AI Stock Analysis

• Market Cap: AU$32.58M
• Dividend Yield: N/A
• Average Volume (3M): 374.02K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.32
• Revenue Growth: 22.38%
• EPS Growth: 67.92%
• Country: AU
• Employees: 30
• Sector: Financial
• Sector Strength: 70
• Industry: Asset Management - Income
• EPS (TTM): >-0.01
• Shares Outstanding: 930,870,850
• 10 Day Avg. Volume: 213,626
• 30 Day Avg. Volume: 374,025
• PEG Ratio: 0.06
• Price to Book (P/B): 3.67
• Price to Sales (P/S): 1.32
• P/FCF Ratio: -5.06
• 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: AU$0.09
• Price Target Upside: 194.47% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): <0.01
• Revenue Forecast (FY): AU$34.19M

• Rating: 41 Neutral
• Price Target: AU$0.03 ▼(-13.33% Downside)

The overall stock score of 41 reflects significant financial challenges, including persistent losses and negative cash flows, coupled with bearish technical indicators. The negative P/E ratio and lack of dividend yield further highlight valuation concerns. These factors collectively suggest a high-risk investment profile.

Income Asset Management Group Limited Business Overview & Revenue Model

Company Description

Income Asset Management Group Limited (IAM) is a financial services firm specializing in asset management and investment strategies tailored for individual and institutional clients. The company operates primarily in the asset management sector, offering a range of services including portfolio management, financial advisory, and investment research. IAM focuses on maximizing returns while managing risk, utilizing both traditional and alternative investment vehicles to cater to diverse client needs.

How the Company Makes Money

IAM generates revenue through multiple streams, primarily by charging management fees based on the assets under management (AUM) for its investment funds. Additionally, the company earns performance fees on funds that exceed specific investment benchmarks, providing an incentive to achieve higher returns for clients. IAM also engages in financial advisory services, charging fees for consultations and tailored investment strategies. Strategic partnerships with financial institutions and technology providers enhance IAM's service offerings and expand its client base, further contributing to its revenue growth.

Income Asset Management Group Limited Financial Statement Overview

Summary

Income Asset Management Group Limited faces significant financial challenges, with persistent losses and negative cash flows. While the balance sheet shows some stability in terms of leverage, the company's inability to generate profits and positive cash flows poses a risk to its financial health. The company needs to address its operational inefficiencies and improve profitability to enhance its financial position.

Income Statement

The company has consistently reported negative net income and margins over the years, indicating ongoing profitability challenges. Despite a modest revenue growth rate of 7.42% in the most recent year, the gross profit margin turned negative, reflecting inefficiencies in cost management. The EBIT and EBITDA margins remain negative, further highlighting operational difficulties.

Balance Sheet

The balance sheet shows a relatively low debt-to-equity ratio of 0.18, suggesting manageable leverage. However, the negative return on equity indicates that the company is not generating sufficient returns on shareholder investments. The equity ratio of 59.23% suggests a stable capital structure, but the negative equity in previous years raises concerns about financial stability.

Cash Flow

The company has experienced negative operating and free cash flows, indicating cash management issues. The free cash flow growth rate is negative, and the operating cash flow to net income ratio is also negative, suggesting inefficiencies in converting income into cash. The free cash flow to net income ratio is slightly above 1, indicating some ability to cover net losses with free cash flow.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	17.15M	17.15M	14.02M	13.86M	7.19M	3.35M
Gross Profit	-54.97K	-54.97K	6.29M	9.94M	1.40M	-11.31M
EBITDA	-2.75M	-2.75M	-6.77M	-2.21M	-9.65M	-14.44M
Net Income	-5.50M	-5.50M	-14.47M	-6.26M	-11.59M	-15.29M
Balance Sheet
Total Assets	10.45M	10.45M	9.36M	22.34M	18.39M	18.48M
Cash, Cash Equivalents and Short-Term Investments	7.24M	7.24M	5.29M	9.28M	2.93M	7.22M
Total Debt	1.12M	1.12M	10.66M	8.48M	4.80M	3.94M
Total Liabilities	4.26M	4.26M	14.63M	13.51M	7.01M	6.66M
Stockholders Equity	6.19M	6.19M	-5.28M	8.83M	11.38M	11.83M
Cash Flow
Free Cash Flow	-4.49M	-4.49M	-7.26M	-1.31M	-7.25M	-7.50M
Operating Cash Flow	-4.39M	-4.39M	-7.19M	-1.23M	-7.10M	-7.38M
Investing Cash Flow	-583.52K	-583.52K	-468.25K	3.00M	-3.66M	-721.41K
Financing Cash Flow	6.21M	6.21M	3.22M	4.54M	7.60M	9.90M

Income Asset Management Group Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.03
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:IAM, the sentiment is Positive. The current price of 0.03 is below the 20-day moving average (MA) of 0.03, below the 50-day MA of 0.03, and below the 200-day MA of 0.03, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 63.37 is Neutral, neither overbought nor oversold. The STOCH value of 86.90 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:IAM.

Income Asset Management Group Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
WTL	61 Neutral	AU$46.20M	9.93	15.13%	5.19%	16.64%	19.30%
IPC	54 Neutral	AU$10.33M	54.76	1.82%	3.68%	-50.00%	-52.07%
CIW	51 Neutral	AU$30.53M	54.41	2.42%	2.03%	18.17%	―
BBC	45 Neutral	AU$35.04M	27.31	1.06%	―	-7.19%	―
IAM	41 Neutral	AU$32.58M	-3.72	-3959.24%	―	22.38%	67.92%

Income Asset Management Group Limited Corporate Events

Director Change at Income Asset Management Group Limited

Income Asset Management Group Limited announced the cessation of John Nantes as a director, effective November 12, 2025. This change in directorship involves the transfer of interests in various securities, including fully paid ordinary shares and listed options, which may affect the company’s governance and stakeholder interests.

Income Asset Management Appoints New Director with Significant Shareholding

Income Asset Management Group Limited has announced the appointment of Jonathan Lechte as a director, effective November 12, 2025. The announcement details Lechte’s interests in various securities, including fully paid ordinary shares and listed options, indicating his significant involvement in the company’s financial structure. This move could potentially impact the company’s strategic direction and stakeholder confidence, given Lechte’s substantial shareholding and roles in related entities.

Income Asset Management Announces AGM Results with Strong Shareholder Support

Income Asset Management Group Limited announced the results of its Annual General Meeting, where all resolutions were passed with substantial shareholder support. The Remuneration Report was notably approved with over 94% of votes, negating the need for a conditional spill resolution. This outcome reflects strong shareholder confidence and supports the company’s strategic direction.

Income Asset Management Announces Board Renewal with New Chair and Managing Director

Income Asset Management Group Limited has announced a significant board renewal with the appointment of Ms. Danielle Press as the new Chair of the Board, following the retirement of Executive Chair Mr. John Nantes. Additionally, the company’s CEO, Mr. Jon Lechte, has been appointed to the Board as Managing Director. This leadership transition is seen as a strategic move to continue the company’s growth and stability, leveraging the substantial experience of the refreshed Board and the talented fixed income team in Australia.

Income Asset Management Group’s Strategic AGM Presentation

Income Asset Management Group Limited presented its company presentation at the Annual General Meeting of Shareholders on November 12, 2025. The presentation highlights the company’s strategic positioning and expertise in the bond and loan markets, emphasizing its role in providing comprehensive investment services. This announcement underscores IAM’s commitment to maintaining its market-leading status and could have implications for its stakeholders by reinforcing confidence in its operational strategies and market focus.

Income Asset Management Issues Unquoted Equity Securities

Income Asset Management Group Limited announced the issuance of 34,000,000 unquoted equity securities, specifically options expiring on various dates at various prices, as part of an employee incentive scheme. This move is likely aimed at enhancing employee engagement and retention, potentially impacting the company’s operational dynamics and positioning within the financial services sector.

Income Asset Management Refreshes Staff Incentive Scheme with New Equity-Linked Securities

Income Asset Management Group Limited has announced the issuance of equity-linked securities to key staff, which may convert to 34,000,000 ordinary shares, representing approximately 3.7% of the current shares. This move is part of a strategy to enhance staff alignment with shareholders and maximize long-term value. The new Zero Exercise Price Options (ZEPOs) are designed to refresh the company’s staff incentive framework, ensuring it remains meaningful and aligned with shareholder outcomes. The board believes this approach will help attract and retain market-leading talent while preserving cash reserves by using equity-based incentives.

Income Asset Management Reports Strong Q1 FY2026 Despite Fraud Impact

Income Asset Management Group Limited reported a significant increase in operating revenue for Q1 FY2026, despite dealing with the aftermath of fraudulent activities that affected its financials. The company has been working with FTI Consulting to assess the impact of the fraud, which involved theft and additional liabilities. IAM’s financial performance remains strong, with no client losses reported, and the company continues to maintain a robust product offering and client growth. The ongoing investigation is being closely monitored, with updates provided to insurers and regulators.

Director Change at Income Asset Management Group

Income Asset Management Group Limited announced the cessation of Craig Swanger as a director, effective October 9, 2025. Swanger held significant interests in the company, including 2,330,000 fully paid ordinary shares as a registered holder and an additional 1,156,626 shares through a trust. This change in directorship may impact the company’s governance and strategic direction, influencing stakeholder confidence and market perception.

IAM Announces Resignation of Non-Executive Director

Income Asset Management Group Limited announced the resignation of Non-Executive Director Craig Swanger from its board, effective immediately. Swanger, who joined the board in 2019 and transitioned to a non-executive role in 2024, is thanked for his contributions. This change in the board’s composition may impact the company’s strategic direction and stakeholder relations.

Income Asset Management Announces 2025 AGM Details

Income Asset Management Group Limited has announced its Annual General Meeting (AGM) for shareholders, scheduled for November 12, 2025, in Melbourne. The meeting will cover the company’s financial statements and reports for the fiscal year ending June 30, 2025. This announcement is part of the company’s ongoing efforts to engage with its stakeholders and provide transparency regarding its financial performance and strategic direction.

Income Asset Management Resumes Trading Amid Fraud Investigation

Income Asset Management Group Limited has announced the resumption of its trading on the Australian Securities Exchange following an investigation into fraudulent transfers amounting to approximately A$1.5 million. These funds, which were not client assets, were transferred to a former employee’s account. The company has taken legal actions and notified relevant authorities to address the issue. Despite the incident, IAM assures stakeholders of its continued operational capability and commitment to safeguarding client assets, with no impact on its bond administration and custody arrangements.

Income Asset Management Identifies Suspected Fraudulent Transfers

Income Asset Management Group Limited has identified suspected fraudulent transfers from a bank account managed by its former minority sub-custodian. These transfers did not involve client funds or assets, and the company has taken steps to notify insurers and maintain operations without disruption. The company has moved its bond administration to Perpetual Corporate Trust and is committed to transparency with stakeholders as investigations continue.

IAM Requests Trading Halt Amid Account Discrepancies

Income Asset Management Group Limited has requested a trading halt on its securities pending an announcement related to a review of account reconciliations. This action follows the detection of material discrepancies in the company’s accounts, which could have significant implications for its financial reporting and stakeholder confidence.