Eutectic AlSi12, commonly used in casting and in additive manufacturing, is investigated with Fast Differential Scanning Calorimetry to determine the impact of different cooling rates from the liquid state upon the apparent specific heat capacity on subsequent heating. A heat flow correction strategy is developed and refined for the reliable and precise measurement of sample heat flow using chip sensors and assessed by the evaluation of results on pure (99.999%) aluminium. That strategy is then applied to the study of the AlSi12 eutectic alloy, and rate-dependent perturbations in the measured apparent specific heat capacity are discussed in terms of Si supersaturation and precipitation. Several cooling rates were implemented from − 100 to − 30,000 K s−1, and subsequent heating ranged from + 1000 to + 30,000 K s−1. After rapid cooling, a drop in AlSi12 apparent specific heat capacity is found on heating above ~ 400 °C; even at rates of + 10,000 K s−1, a result which has high relevance in metal additive manufacturing where similarly fast temperature cycles are involved. The Literature data, temperature modulated DSC and CALPHAD simulations on the heat capacity of AlSi12 are used to provide comparative context to the results from Fast Differential Scanning Calorimetry.