• Underlying revenue and other income up 23% to $145.1m
• Underlying EBITDA up 61% to $94.9m
• Underlying net profit after tax up 63% to $66.3m

L1G reported strong financial results for the half-year ended 31 December 2025, with underlying revenue and other income up 23% to $145.1 million, underlying EBITDA up 61% to $94.9 million, and underlying net profit after tax up 63% to $66.3 million compared to the prior corresponding period. The improved performance was driven by higher performance fees and realised gains on the company's seed investments. Operating expenses were reduced due to synergy benefits from the merger of L1 and Platinum. L1G's total funds under management as at 31 December 2025 was $17.6 billion, an increase of 7.9% from 30 June 2025. The company declared an interim dividend of 1 cent per share, fully franked.

The company expects to achieve target cost savings of $30-$35 million by October 2026 as a result of the merger synergies.

The combined L1G business has created a market-leading provider of listed and alternative investment strategies, with significant opportunities to grow funds under management and drive further efficiencies through the integration.