DUKE CAPITAL LIMITED (DUKE) — Audited results for the 12 months ended 31 March 2025 (“FY25”)

Investor webinar replay

Replay transcript excerpt

Good afternoon, and welcome to the DUKE CAPITAL LIMITED Investor Presentation. Throughout this recorded presentation, investors will be in listen only mode. Questions are encouraged and can be submitted at any time via the Q and A tab situated on the right hand corner of your screen. Simply type in your questions and press send. The company may not be in a position to answer every question that receives during the meeting itself. However, the company can review all questions submitted today and publish your forms if it's appropriate to do so. Before we begin, I'd like to submit the following poll. And I'd now like to hand you over to Neil Johnson, CEO. Good afternoon, sir. Good afternoon, and good afternoon, everyone. For DUKE CAPITAL's fiscal year twenty five results presentation, I'm Neil Johnson, CEO, as, LIMITED has just said, and joined by Hugo Evans, the CFO of the business. How's it going, Rob? We have a, very good set of results. We're going to lead you through, a little bit about DUKE CAPITAL. For those of you who haven't joined us, this is DUKE ROYALTY. About eighteen months ago, we changed our name to really have a leading hybrid credit provider as as how we define the business. And really, it's combining the best of private credit and private equity for both investors and business owners. Don't be worried. Our product is still the same. Our team is still the same, and the benefits for investors are still the same. And, we're really pleased. It's a solid set of results, that our recurring cash revenue is up in fiscal twenty five. And our total cash revenue that Hugo will explain is, the difference between recurring and total is the amount of revenue we get when we get bought out of our positions. Those are the exit fees that bump our revenue up. We enjoy, ...