• Ownership Adjusted AUM up 9% to USD31.6 billion
• Lighthouse Partners' AUM up 8% to USD18.7 billion
• NGI Strategic AUM up 10% to USD12.9 billion

Navigator Global Investments Limited (ASX: NGI) provided an update on its assets under management (AUM) and performance for the three months ending 31 March 2026 (Q3 FY26). The company's ownership-adjusted AUM increased by 9% to USD31.6 billion in Q3, up 16% over the last 12 months. Total NGI Firm Level AUM increased by 17% to USD98 billion in Q3, up 20% over the last 12 months. Lighthouse Partners' AUM increased by 8% in Q3 to a record USD18.7 billion, up 17% over the last 12 months, driven by net inflows and continued strong investment performance across its strategies. NGI Strategic Ownership adjusted AUM from NGI Strategic Partner Firms was up 10% in Q3, up 15% over the last 12 months. The growth of NGI Strategic Private Markets accelerated in Q3 with AUM increasing by 20%, taking total AUM growth over the past 12 months to 57%. This included the impact of NGI partnering with 1315 Capital in March 2025 and the acquisition of Georgian, a Canada-based AI-focused technology investor, in March 2026.

The company continues to expect FY26 Adjusted EBITDA to be lower than FY25 given the timing of AUM growth recorded this quarter, the weighting of inflows towards lower fee-paying AUM, and the majority of performance fee revenues across NGI crystallising in December.

Strong Q3 AUM growth across both Lighthouse Partners and NGI Strategic sets NGI up well for FY27. The company continues to see demand from institutional investors for exposure to alternative asset classes and strategies offered by NGI's Partner Firms who remain focused on delivering disciplined growth and strong risk-adjusted returns.