External broker reports(aggregated public sources), Moelis Australia Ltd

MA Moelis Australia

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External broker reports(aggregated public sources)

Moelis Australia Ltd

Equity Bottom-Up

<ul><li>1H25 result with key highlights including revenue growth of $54m, +16% vs pcp and +15% vs MAe, while 1H25 EBITDA of $3.9m, -4% vs MAe was affected by previously announced one-off cost overrun within the Baltec segment ($1.2m).</li><li>Underlying 1H25 NPAT was $1.4m, impacted by higher than forecast D&amp;A and interest.</li><li>Segment highlights included: 1) Baltec: 1H25 revenue of $19.7m, +85% vs pcp and EBITDA +15% vs pcp, with margin down to 9.4% from 15.1% as a result of its one-off cost overrun.</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

1H25 result with key highlights including revenue growth of $54m, +16% vs pcp and +15% vs MAe, while 1H25 EBITDA of $3.9m, -4% vs MAe was affected by previously announced one-off cost overrun within the Baltec segment ($1.2m).Underlying 1H25 NPAT was $1.4m, impacted by higher than forecast D&amp;A and interest.Segment highlights included: 1) Baltec: 1H25 revenue of $19.7m, +85% vs pcp and EBITDA +15% vs pcp, with margin down to 9.4% from 15.1% as a result of its one-off cost overrun.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

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