Justin Hemmes, 45, spends Boxing Day with model Montana Cox, 25

What are friends for? Millionaire pub baron Justin Hemmes, 45, spends Boxing Day with model Montana Cox, 25, on a boat in Sydney Harbour – after the pair denied romance rumours

They have both denied being anything more than friends.

And on Boxing Day, Justin Hemmes and Montana Cox were spotted soaking up the sun on Sydney Harbour during a luxury boat trip.

The pair – who have previously rubbished romance rumours – were joined by several pals to watch the start of the Sydney to Hobart Yacht Race. 

What are friends for? Millionaire Justin Hemmes (centre, at the wheel) spent Boxing Day with model Montana Cox (far left) on a boat in Sydney Harbour – after denying romance rumours

Justin, 45, who is the multi-millionaire CEO of Merivale, looked relaxed at the wheel of his Technohull vessel in sunglasses and a pair of boardshorts.

Meanwhile, 25-year-old Montana smiled and laughed on the deck in a strapless bikini while chatting to a shirtless gentleman.

Earlier this year, pub baron Justin confirmed he had separated from his long-term partner, Kate Fowler.

Riding the waves: Justin, the multi-millionaire CEO of Merivale, looked relaxed at the wheel of his Technohull vessel in sunglasses and a pair of boardshorts

Riding the waves: Justin, the multi-millionaire CEO of Merivale, looked relaxed at the wheel of his Technohull vessel in sunglasses and a pair of boardshorts

The former couple – who share two young children, Alexa and Saachi – made the announcement in July.

‘Kate and I have the utmost love and respect for each other,’ he told The Sydney Morning Herald at the time. 

‘At the beginning of 2018, Kate and I decided our friendship and respect for family life would become the focus of our relationship. We love our children dearly and for now continue to live together happily in our family home.

‘Kate is a wonderful, wonderful, wonderful woman. As for what the future holds I am not sure.’ 

It's over! Earlier this year,  Justin confirmed he had separated from his long-term partner and the mother of his two children, Kate Fowler. Pictured together on February 6, 2018 in Sydney

It’s over! Earlier this year, Justin confirmed he had separated from his long-term partner and the mother of his two children, Kate Fowler. Pictured together on February 6, 2018 in Sydney

Following the break-up, Justin was romantically linked to Montana, a former Australia’s Next Top Model winner who is two decades his junior.

Both parties have denied they are dating, however. 

In October, Montana told The Sun-Herald she and Justin were ‘just friends’, adding: ‘We have always just been friends. I think people just like to talk about things.’

The wealthy businessman made similar comments the following month, telling Private Sydney they were ‘friends’ and nothing more.

Rumours: Following the break-up, Justin was romantically linked to Montana Cox (pictured), a former Australia's Next Top Model winner who is two decades his junior

Rumours: Following the break-up, Justin was romantically linked to Montana Cox (pictured), a former Australia’s Next Top Model winner who is two decades his junior

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