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L1 Group Limited (ASX:L1G)
ALERT: Price-sensitive ASX Announcement for L1G
Current share price for L1G : $1.295 0.565 (77.40%)+
Announcement
Release
9 Oct 2025 9:47AM
Price at Release
$0.730
Full Release
Summary
The document provides a financial update concerning L1 Group Limited's assets under management as of September 2025. It notes that Platinum Investment Management Limited experienced net outflows of approximately $353 million during September 2025. Additionally, a merger between Platinum Asset Management Limited and First Maven Pty Ltd (L1 Capital) was completed on 1 October 2025. The report details that Platinum's assets under management decreased from $8,055 million in June 2025 to $7,561 million in September 2025, while L1 Capital's assets under management increased from $8,443 million in June 2025 to $9,390 million in September 2025. Collectively, the total assets under management for both Platinum and L1 Capital were $16,951 million as of 30 September 2025.
Key Points
- Net outflows of approximately $353 million for Platinum in September 2025.
- The merger between Platinum Asset Management Limited and First Maven Pty Ltd (L1 Capital) completed on 1 October 2025.
- Platinum's assets under management decreased from $8,055 million in June 2025 to $7,561 million in September 2025.
- L1 Capital's assets under management increased from $8,443 million in June 2025 to $9,390 million in September 2025.
- Total assets under management for Platinum and L1 Capital combined amounted to $16,951 million as of 30 September 2025.
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.
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