Oberon Investments Deliver maiden profit with revenues up by 186%

Wealth Management

Oberon Investments Group plc (AQSE: OBE), the boutique investment management, wealth planning and corporate broking group, has announced its unaudited results for the six months ended 30 September 2021.

Highlights

Funds under management and administration (‘FUMA’) increased 141% to £765m as at 30 September 2021 (2020: £317m)
Revenue increased by 186% to £3.4m (2020: £1.2m) with growth across all areas of business
EBITDA £295k (2020: loss EBITDA £436k), profit before tax: £128k (2020: loss before tax of £514k)
Strong balance sheet with net assets of £3.7m (2020: £1.9m) including net cash of £1.5m (2020: £0.7m)
Further strengthening of key teams across fund management, compliance and operations
Considerable investment in wealth technology platform to greatly improve customer experience as it rolls out across client base
Oberon Capital completed 12 fundraises in the period, raising money for clients through IPOs and private placings

Oberon Investments Group

Post period end, Oberon continues to experience strong growth across all divisions
FUMA continues to increase rapidly, achieved entirely through organic growth and client recommendation
A number of corporate transactions are currently completing through Oberon Capital, supported by a strong future pipeline of deals.  Oberon Capital is also increasing its retained client base through referrals from existing corporate clients
Oberon expects to launch a number of funds and new products for clients in 2022, which will further add to our service offering and generate new revenue opportunities

Oberon Investments Group Chief Executive Officer Simon McGivern said: 

“Oberon has enjoyed another strong performance across all areas of our business, delivering a maiden profit for the period. Growth across all sectors continues to exceed our expectations; both within our fund management and wealth divisions, as well as our new corporate broking division. We have focused on delivering investment performance with high levels of client service, which is reflected in the continued significant organic growth of assets under administration.

“A primary focus of management has been on our underlying operational structure and we have made considerable investment in our compliance and operations teams and technology to create a strong base for the future growth of the Company.

“Our industry continues to consolidate at speed, attracting foreign and domestic corporate capital and witnessing unprecedented levels of activity. The opportunities we are currently considering give us great optimism for our future within this rapidly evolving global marketplace.”

Good news travels fast (but only if you make that happen):

Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on facebook
Facebook
Share on email
Email
Share on reddit
Reddit

AIM All Share Index