• Record Adjusted EBITDA of USD114 million, up 26% from FY24
• Reported net profit after tax (NPAT) up 80% to USD119 million
• Partner Firm level AUM up 12% to USD84 billion; Ownership adjusted AUM up 6% to USD28 billion

Navigator Global Investments Ltd (NGI) has reported its financial results for the 12 months ended 30 June 2025 (FY25), delivering record full year Adjusted EBITDA of USD114 million, up 26% on FY24 and 5% ahead of the upgraded EBITDA guidance range provided in May. At the Group level in FY25, Lighthouse Investment Partners (Lighthouse) and NGI's portfolio of high-quality alternative asset managers (together, our Partner Firms) continued to deliver strong risk-adjusted investment performance in line with their long-term track record. Aggregate NGI Firm level AUM increased by 12% to USD84 billion, with NGI's ownership adjusted AUM increasing by 6%. Revenue grew by 20% to USD203 million, driven by increased recurring management fees, and performance fees across our Partner Firms. NGI's adjusted EBITDA margin expanded to 56%, driven by the growth in our Partner Firms, stronger Lighthouse performance, and a focus on disciplined cost control. The company also welcomed 1315 Capital Partners as its latest Partner Firm, broadening NGI's exposure in private markets and adding a growing and scalable business. NGI has maintained its dividend at US3c per share for FY25, with the Board undertaking a review of the Company's dividend policy as part of proactively and continually assessing capital management, with a goal of maximising shareholder returns.

NGI expects its portfolio of asset managers to continue their success in FY26, with the company operating in a sector benefiting from significant structural tailwinds and an attractive investing environment for high-quality alternative asset management firms to outperform and grow.

Looking ahead, NGI is encouraged by the performance across its portfolio calendar year-to-date and remains confident of its portfolio of asset managers continuing their success in FY26. The company operates in a sector benefiting from significant structural tailwinds, and with markets exhibiting increased volatility, coupled with the uncertainties of political and monetary policies globally, it creates an attractive investing environment for high-quality alternative asset management firms to outperform and grow.