L1G FY26 ASX Results Announcement
Key points
- 97% increase in underlying profit after tax
- Exceptional investment performance across strategies
- 17% growth in Funds Under Management
Full summary
L1 Group Limited (ASX:L1G) announced its FY26 financial results, showcasing a significant 97% increase in underlying net profit after tax to $188.8 million. The company also reported a 102% rise in underlying EBITDA to $287.4 million, driven by strong financial performance and rapid realization of merger synergies. Total revenue increased by 49% to $385.9 million, while operating expenses fell by approximately 15%, reflecting positive operating leverage. Funds Under Management (FUM) grew by 17% to $19.1 billion. The company declared a final dividend of 2.0 cents per share, fully franked, bringing the total dividend for FY26 to 3.0 cents per share. The Board has authorized an investor briefing call to discuss the results.
Guidance
FY26 Underlying NPAT of $188.8 million, up 97% on FY25
Outlook
The integration of Platinum is nearing completion, with further cost synergies expected to be realized in FY27.
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