Treasury Corp of Victoria posts A$95m 2024‑25 profit, raises A$33.3bn and boosts sustainability bond issuance to A$3.4bn
Summary:
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Net profit came in at A$95.1 million with a 22.7% return on equity, and A$122.1 million was distributed to Victoria’s Consolidated Fund, underscoring strong earnings and cost discipline.
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TCV raised A$33.3 billion in 2024‑25 to fund the State and public‑sector clients, taking total loans outstanding to about A$210 billion and keeping its capital ratio at a solid 21.8%.
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Sustainability bond issuance hit A$3.4 billion for the year, lifting outstanding sustainability bonds to A$11.2 billion and supporting projects in social housing, renewable energy, public transport and water infrastructure.
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The balance sheet expanded to A$207.4 billion of total assets, backed by A$187.3 billion of loans and A$17.1 billion of investments, while non‑Australian investor turnover in TCV bonds jumped from 29% to 59% as part of a push to diversify funding.
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Management flagged a A$32.1 billion funding task for 2025‑26 and will continue to lean on domestic benchmark lines, sustainability bonds and selective non‑AUD issuance, guided by an updated investor‑relations and sustainability strategy.