Key points
- Revenue from ordinary activities increased by 14% to $417,722,000
- Profit from ordinary activities after tax decreased by 82% to $21,202,000
- Net tangible assets per ordinary share increased to $148.81
- The company suspended dividend payments to allocate capital towards growth opportunities
- Ownership-adjusted assets under management (AUM) grew by 21% to $33.6 billion
Full summary
Navigator Global Investments Ltd (ASX: NGI) reported a 14% increase in revenue from ordinary activities to $417,722,000 for the year ended June 2026. However, profit from ordinary activities after tax dropped by 82% to $21,202,000. The decrease was partially offset by strong growth in assets under management, which increased by 21% to $33.6 billion. The company also saw a reduction in the carrying value of investments and lower distribution income from its Strategic Investments. The Board suspended dividend payments to allocate capital towards growth opportunities. The company completed the acquisition of the NGI Stable Growth Portfolio and invested in Georgian, a growth equity firm focused on AI-driven technology companies.
Guidance
Ownership-adjusted AUM expected to grow, Adjusted EBITDA margin target of 7 ppts
Outlook
Navigator expects to continue broadening its partner firm base and diversify its earnings and investment exposure, supported by strong investment performance and net inflows.