• Underlying NPAT declined 56% due to lower contributions following asset realisations
• Corporate costs reduced 31% following cost-reset program and streamlined operations
• Interim dividend of A$0.20 per share, fully franked

Pacific Current Group (PAC) reported its H1 FY26 results, with underlying NPAT declining 56% (57% in USD) due to lower contributions following asset realisations and a higher cash weighting. Boutique management fees declined as a result of asset sales/realisations such as Banner Oak, Carlisle, Pennybacker (partial), and Victory Park (partial). Performance fees were largely contributed by Roc, while earnings from financial assets were driven by deferred consideration linked to the sale of Pennybacker to Petershill and dividends from Abacus and JHG shares. Corporate costs were reduced by 31% following the cost-reset program and streamlined operations. An interim dividend of A$0.20 per share, fully franked, was declared. PAC's fair value NAV of A$16.34 per share exceeded its statutory NAV by A$2.42 per share, reflecting mark-to-market gains on financial assets. During the period, PAC executed strategic realisations, including the partial sale of Victory Park Capital and the full exit of Janus Henderson Group shares, and continued growth deployment, including a A$2m loan to an affiliate of Roc Partners.

No high-importance, price-sensitive forward-looking financial metrics were provided.

PAC will prioritize growth initiatives, support for boutiques, organizational optimization, disciplined cost management, and targeted capital actions. This includes accelerating growth, unlocking shareholder value through targeted capital initiatives, maintaining disciplined cost management, strengthening the balance sheet, and enhancing organizational efficiency.