• FUM increased by 12.4% to $19.1 billion by June 2026
• Positive net client flows in L1 Long Short and L1 Affiliates
• Expected performance fees for FY26: $162M to $167M
• After-tax one-off costs for H2 FY26: $33M to $36M

L1 Group Limited announced a significant increase in Funds Under Management (FUM) for the quarter ended 30 June 2026, reaching $19.1 billion, up 12.4% from the previous quarter. The increase was driven by positive net client flows into L1 Long Short strategies and L1 Affiliates, partially offset by net outflows from Platinum strategies. The realized performance fees for the six-month period are expected to total approximately $122 million to $127 million, including a one-off performance fee of $79 million from the closure of the L1 Wholesale Gold Fund. The company expects performance fees for FY26 to total between $162 million and $167 million. Additionally, L1 Group anticipates incurring after-tax one-off costs of $33 million to $36 million in the second half of FY26, primarily related to the Platinum integration and the IPO of the L1 Gold Fund.

Expected FY26 performance fees: $162M to $167M; one-off costs: $33M to $36M

L1 Group expects continued growth in FUM and performance fees, with one-off costs impacting the second half of FY26.