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Associate Global Partners Limited (ASX:APL)

ALERT: Price-sensitive ASX Announcement for APL
Current share price for APL : $0.295 0.03 (11.32%)+
Announcement
Release
26 Aug 2026 9:51AM
Price at Release
$0.265
Full Release
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Summary
Associate Global Partners Limited (ASX: APL) released its audited Appendix 4E and full year financial statements for the Australian financial year ended 30 June 2026, reporting revenue from ordinary activities of $7.150 million, up 3.8% from $6.885 million, and a net loss attributable to members of $681,000 compared with a $171,000 loss in FY2025; no final or interim dividend was proposed, net tangible assets fell to 2.1 cents per share from 2.9 cents, and the audit was unqualified. Management described APL as an independent multi-boutique asset management and distribution platform that grew year-end funds under management to approximately $1.672 billion from $1.397 billion, with net inflows of about $172 million and positive flows in 11 of 12 months, supported by stronger market conditions, WCM strategy performance and capital raising activity, although average FUM was affected by the prior Vinva Fund transition. The group remained operationally cash flow positive with net operating cash flow of $650,000, ended the year with cash of $3.708 million and borrowings of $1.509 million, and recorded adjusted loss from continuing operations of $249,000 after excluding discretionary product initiative costs. Strategic developments included launch and seed investment in the Muzinich BDC Income Fund - Active ETF, a new distribution agreement with ARK Investment Management for the ARK Venture Fund, continued emphasis on direct distribution through the Switzer alliance, and growth in investor accounts to 14,035, while the balance sheet showed net assets of $7.234 million, issued capital of $152.126 million and accumulated losses of $145.138 million.
Key Points
  • Appendix 4E final report and audited full year financial statements cover the year ended 30 June 2026.
  • Revenue from ordinary activities increased 3.8% to $7.150 million from $6.885 million.
  • Net loss attributable to members increased to $681,000 from $171,000 in FY2025.
  • No final or interim dividend was proposed for ordinary shareholders.
  • Net tangible asset backing per ordinary share decreased to 2.1 cents from 2.9 cents.
  • The financial report was audited by SW Audit and was not subject to disputes or qualifications.
  • Funds under management increased to approximately $1.672 billion at 30 June 2026 from $1.397 billion a year earlier.
  • The group recorded total net inflows of approximately $172 million during FY2026 and positive flows in 11 of 12 months.
  • Operational net cash flow remained positive at $650,000 for FY2026.
  • Cash at 30 June 2026 was $3.708 million and loan debt reduced to $1.509 million.
  • Total assets were $12.836 million, total liabilities were $5.602 million and net assets were $7.234 million.
  • Issued capital was $152.126 million and accumulated losses were $145.138 million.
  • APL invested $1.0 million to seed the Muzinich BDC Income Fund - Active ETF and recognised a 38.1% interest as an associate.
  • The company announced a new distribution partnership with ARK Investment Management and later launched the ARK Venture Fund (Australian Feeder) Class A in August 2026.
  • Management said the business remains focused on growing and retaining FUM, expanding manager partnerships and diversifying its investor base across intermediary and self-directed channels.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.