H1 FY26 Results Announcement

• Underlying NPAT of A$6.7m, down 56% from 1H25
• Corporate cost savings of around 31% compared to 1H25
• Statutory net loss after tax of A$11.7m, driven by fair value adjustments

Pacific Current Group Limited (ASX:PAC) has announced its interim results for the six months ended 31 December 2025. The company reported an underlying NPAT of A$6.7m, down 56% from A$15.3m in 1H25, reflecting lower distributions, management fees and interest income, partly offset by lower interest expense and reduced corporate costs. The company achieved corporate cost savings of around 31% compared to 1H25. Statutory net loss after tax was A$11.7m, driven by fair value adjustments, compared to a NPAT of A$100.4m in 1H25 which included a gain on sale of A$95.4m. The company declared a 1H26 fully franked interim dividend of A$0.20 per share, up from A$0.15 (unfranked) in 1H25. Funds Under Management declined 4% to A$28.8b. The company executed several strategic transactions, including the partial sale of Victory Park Capital Advisors, full exit of shares in Janus Henderson Group, and repayment of the A$64.3m senior secured debt facility. The company also commenced an on-market share buy-back of up to 2 million shares. The company's fair value NAV estimate of A$16.34 per share exceeds the statutory NAV by A$2.42 per share.

Pacific Current's management expects to continue embedding the initiatives of FY2025 and shift focus in FY2026 to accelerate growth, unlock shareholder value, control operating costs, strengthen the balance sheet, and enhance organisational efficiency.