New Risk • May 20
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$13.3m (US$9.45m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Cash payout ratio: 391% Market cap is less than US$10m (AU$13.3m market cap, or US$9.45m). Minor Risk Revenue is less than US$5m (AU$6.4m revenue, or US$4.6m). Board Change • Dec 24
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Non-Executive Director Neil Sheather was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Nov 02
MD, Head of Research recently bought AU$693k worth of stock On the 29th of October, George Boubouras bought around 13m shares on-market at roughly AU$0.053 per share. This trade did not impact their existing holding. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought AU$777k more in shares than they have sold in the last 12 months. Announcement • Oct 18
K2 Asset Management Holdings Ltd, Annual General Meeting, Nov 18, 2025 K2 Asset Management Holdings Ltd, Annual General Meeting, Nov 18, 2025. Board Change • Sep 26
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Non-Executive Director Neil Sheather was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Sep 01
Full year 2025 earnings released: EPS: AU$0.001 (vs AU$0.003 loss in FY 2024) Full year 2025 results: EPS: AU$0.001 (up from AU$0.003 loss in FY 2024). Revenue: AU$6.15m (up 17% from FY 2024). Net income: AU$344.7k (up AU$980.5k from FY 2024). Profit margin: 5.6% (up from net loss in FY 2024). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Board Change • Aug 27
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Non-Executive Director Neil Sheather was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • Mar 07
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$15.7m (US$9.87m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Earnings have declined by 12% per year over the past 5 years. Market cap is less than US$10m (AU$15.7m market cap, or US$9.87m). Minor Risk Revenue is less than US$5m (AU$5.4m revenue, or US$3.4m). New Risk • Jan 20
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$15.9m (US$9.87m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Earnings have declined by 16% per year over the past 5 years. Market cap is less than US$10m (AU$15.9m market cap, or US$9.87m). Minor Risk Revenue is less than US$5m (AU$5.3m revenue, or US$3.3m). Board Change • Jan 20
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Non-Executive Director Neil Sheather was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Oct 18
K2 Asset Management Holdings Ltd, Annual General Meeting, Nov 19, 2024 K2 Asset Management Holdings Ltd, Annual General Meeting, Nov 19, 2024. Reported Earnings • Aug 29
Full year 2024 earnings released: AU$0.003 loss per share (vs AU$0.008 loss in FY 2023) Full year 2024 results: AU$0.003 loss per share (improved from AU$0.008 loss in FY 2023). Revenue: AU$5.25m (up 166% from FY 2023). Net loss: AU$635.8k (loss narrowed 67% from FY 2023). Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings. New Risk • Jan 18
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$15.2m (US$9.98m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Earnings have declined by 53% per year over the past 5 years. Market cap is less than US$10m (AU$15.2m market cap, or US$9.98m). Minor Risk Revenue is less than US$5m (AU$2.0m revenue, or US$1.3m). Board Change • Jan 16
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Independent Non-Executive Director Neil Sheather was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • Oct 13
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$14.7m (US$9.28m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 53% per year over the past 5 years. Market cap is less than US$10m (AU$14.7m market cap, or US$9.28m). Minor Risk Revenue is less than US$5m (AU$2.0m revenue, or US$1.2m). Reported Earnings • Sep 01
Full year 2023 earnings released: AU$0.008 loss per share (vs AU$0.01 loss in FY 2022) Full year 2023 results: AU$0.008 loss per share (improved from AU$0.01 loss in FY 2022). Net loss: AU$1.93m (loss narrowed 20% from FY 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 88 percentage points per year, which is a significant difference in performance. Announcement • Aug 31
K2 Asset Management Holdings Ltd, Annual General Meeting, Nov 21, 2023 K2 Asset Management Holdings Ltd, Annual General Meeting, Nov 21, 2023, at 09:00 AUS Eastern Standard Time. New Risk • Aug 30
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 69% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Revenue is less than US$5m (AU$1.9m revenue, or US$1.2m). Market cap is less than US$100m (AU$18.1m market cap, or US$11.7m). Announcement • Jul 25
K2 Asset Management Holdings Ltd and K2 Asset Management Limited Appoints Caroline Purtell as Joint-Company Secretary The Board of K2 Asset Management Holdings Ltd. (K2) announced the appointment of Ms. Caroline Purtell as Joint-Company Secretary effective 24 July 2023. Ms. Purtell will be a Joint-Company Secretary with Ms. Hollie Wight, the current Company Secretary and Managing Director. Ms. Purtell joins K2 with extensive experience as director and company secretary on the boards of both listed and unlisted Australian companies and funds. Ms. Purtell holds a Masters of Law (Hons) from the University of Sydney and is admitted to practice as a solicitor and barrister in NSW. Ms. Purtell is also a graduate of the Australian Institute of Company Directors. Ms. Purtell will also be appointed as joint-company secretary of K2 Asset Management Limited, a wholly owned subsidiary of K2. Announcement • Jul 04
K2 Asset Management Holdings Ltd Appoints Neil Sheather as an Independent Non-Executive Director K2 Asset Management Holdings Ltd. announced the appointment of Mr. Neil Sheather as an independent Non-Executive Director, effective 1 July 2023. Mr. Sheather joins the boards of the company with extensive financial services experience in the Asia Pacific region. Mr. Sheather is also currently the managing director and executive chairman of Finexia Financial Group Limited. Announcement • May 30
K2 Asset Management Holdings Ltd Appoints Neil Sheather as Non-Executive Director Effective 1 July 2023 K2 Asset Management Holdings Ltd. announced the appointment of Mr. Neil Sheather as a Non-Executive Director effective 1 July 2023. Mr. Sheather will also be appointed a Non-Executive Director of K2 Asset Management Limited. Mr. Sheather joins the Board with extensive financial services experience in the Asia Pacific region. Mr. Sheather is currently the managing director and executive chairman of Finexia Financial Group Limited. Mr. Sheather oversees the overall business strategy with strong involvement in the company's compliance and risk management framework attached to its Australian Financial Services Licence. As the independent Non-Executive Director, Mr. Sheather will support the continued expansion of the K2 business as the Board continues to focus on sustainable revenue and profitability. This appointment is the first of a number of initiatives to structure K2 for scalable growth, including additional independent board member appointments as the business continues to expand and meet key milestones. Mr. Sheather will stand for re-election at K2's annual general meeting to be held in November 2023. Reported Earnings • Mar 03
First half 2023 earnings released First half 2023 results: Revenue: AU$1.00m (down 16% from 1H 2022). Net loss: AU$979.2k (loss widened 126% from 1H 2022). Board Change • Nov 16
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Head of Research & Executive Director George Boubouras was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Sep 02
Full year 2022 earnings released: AU$0.01 loss per share (vs AU$0.001 profit in FY 2021) Full year 2022 results: AU$0.01 loss per share (down from AU$0.001 profit in FY 2021). Revenue: AU$2.12m (down 53% from FY 2021). Net loss: AU$2.41m (down AU$2.63m from profit in FY 2021). Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has remained flat. Announcement • Aug 31
K2 Asset Management Holdings Ltd, Annual General Meeting, Nov 29, 2022 K2 Asset Management Holdings Ltd, Annual General Meeting, Nov 29, 2022, at 09:00 AUS Eastern Standard Time. Location: , Level 32, 101 Collins Street Melbourne Melbourne Australia Board Change • Apr 27
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Head of Research & Executive Director George Boubouras was the last director to join the board, commencing their role in 2021. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 02
First half 2022 earnings: EPS and revenues exceed analyst expectations First half 2022 results: AU$0.002 loss per share (down from AU$0 in 1H 2021). Revenue: AU$1.19m (down 25% from 1H 2021). Net loss: AU$432.6k (down AU$453.7k from profit in 1H 2021). Revenue exceeded analyst estimates by 22%. Earnings per share (EPS) missed analyst estimates. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 31
Full year 2021 earnings released: EPS AU$0.001 (vs AU$0.003 loss in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: AU$4.47m (up 42% from FY 2020). Net income: AU$215.8k (up AU$956.4k from FY 2020). Profit margin: 4.8% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 57 percentage points per year, which is a significant difference in performance. Executive Departure • Apr 01
Co-Founder & Non Executive Director Mark Newman has left the company On the 29th of March, Mark Newman's tenure in the role of Co-Founder & Non Executive Director ended. As of December 2020, Mark personally held 13.63m shares (AU$1.1m worth at the time). Mark is the only executive to leave the company over the last 12 months. Announcement • Nov 25
K2 Asset Management Holdings Ltd Enters an Investment Management Agreement with Apostle Funds Management Pty Limited K2 Asset Management Holdings Ltd. announced that upon the passing of a members' resolution scheduled to take place in 21 days, that K2 has entered into an investment management agreement with Apostle Funds Management Pty Limited to become the responsible entity of the Apostle Dundas Global Equity Fund with funds under management of AUD 1.02 billion as at 30 October 2020. Under the contract, K2 will also provide an enhanced distribution model and a platform to launch an active ETF aligned with the global equity mandate. 