K2 Asset Management Holdings Ltd (AU:KAM) has released an update.
K2 Asset Management Holdings Ltd has reported a 166% revenue increase to $5.3 million and growth in Assets Under Management (AUM) to $4.4 billion, demonstrating the success of its growth strategy in FY24. Despite recording a net loss, the company achieved a 67% reduction in losses and is optimistic about returning to profitability and issuing dividends in FY25. The company’s Responsible Entity pillar saw a 335% revenue growth, and K2 is expanding its ETF offerings, including a pioneering spot currency digital asset ETF on the ASX.
For further insights into AU:KAM stock, check out TipRanks’ Stock Analysis page.
