• Revenue up 40% to $148.1 million
• Adjusted EBITDA up 16% to $41.1 million
• Profit up 589% to $68.8 million
• Firm-level AUM up 5% to $78.5 billion

Navigator Global Investments Ltd (ASX:NGI) has reported its financial results for the six months ended 31 December 2024. Revenue from ordinary activities was up 40% to $148.1 million, with earnings before interest, tax, depreciation and amortisation (EBITDA) increasing 279% to $84.5 million. Adjusted EBITDA, which excludes the impact of non-operating items, was up 16% to $41.1 million. Profit from ordinary activities after tax attributable to members was up 589% to $68.8 million. The key drivers of the increase in profit were the positive change in the carrying value of investments, strong performance fee revenue from the company's US subsidiary, and the impact of a non-recurring expense in the prior period. Firm-level assets under management (AUM) grew 5% to $78.5 billion, while ownership-adjusted AUM increased 4% to $27.1 billion. The company's Lighthouse business saw a 4% increase in management fee revenue and a 403% increase in performance fee revenue compared to the prior comparative period. The NGI Strategic Investments segment received $16.6 million in distributions during the half, down 26% on the prior period. The company declared a final 2024 dividend of US 3 cents per share, which will be unfranked but may have conduit foreign income credits attached.