Its March 2018 financial statements show it pulled in $61.1 million in management fees in the year, up from $46.5m in the previous year, an increase of 31%.
It is about double what it was earning five years ago.
Performance fees were $17.3m, up from $11.4m a year earlier.
Milford charges a base fund fee, a performance fee and an administration fee for KiwiSaver funds.
It estimates it charges 0.12% annually in performance fees on its KiwiSaver balanced fund and 0.23% for its active growth offering.
It has about $5 billion under management.
Milford's active growth and balanced funds were cited in Morningstar's most recent KiwiSaver survey as standout performers in their peer groups over the past 10 years. Researchers noted its active strategy, and that it would move investments frequently to improve returns.
Its biggest expenses in the year were fees paid to its parent company, Milford Asset Management. That entity does not file public financial statements but fully owns Milford Funds.
There were dividends of $100,000 per share paid, or $10m in total.
Milford Asset Management is owned by staff. Brian Gaynor has the biggest shareholding, at 22%.
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