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L1 Global Long Short Fund Limited (ASX:GLS)

ALERT: Price-sensitive ASX Announcement for GLS
Current share price for GLS : $2.100 0.09 (4.48%)+
Announcement
Release
23 Feb 2026 10:17AM
Price at Release
$2.010
Full Release
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Summary
The L1 Global Long Short Fund Limited's interim financial report for the half-year ended 31 December 2025 reflects a profitable period with the company reporting a profit after tax of $57,485,000. Formerly known as Platinum Capital Limited, the company underwent significant changes, including a transition of its investment management to L1 Capital Pty Ltd in late 2025. The company's investment strategy now focuses on a globally diversified portfolio, leading to a 29.2% shareholder return, outperforming the pre-tax NTA return of 9.2%. The report also indicates a 1 cent per share fully-franked interim dividend, with highlights in IT, communications, and healthcare sectors contributing positively to the portfolio's performance. These results have complied with Australian regulatory standards, as confirmed by an independent review from PricewaterhouseCoopers.
Key Points
  • L1 Global Long Short Fund Limited's interim financial report covers the half-year ended 31 December 2025.
  • The company, previously known as Platinum Capital Limited, transitioned its investment management from Platinum Investment Management Limited to L1 Capital Pty Ltd on 28 November 2025.
  • The financial performance for the half-year included a profit before tax of $82,692,000 and after-tax profit of $57,485,000.
  • The company's total shareholder return for this period was 29.2%, driven by a decrease in the discount of the share price to pre-tax NTA.
  • The report includes details about dividends, with an interim fully-franked dividend of 1 cent per share announced.
  • The financial report is compliant with Australian Accounting Standards and the Corporations Act 2001, as reviewed by PricewaterhouseCoopers.
  • Key contributors to the portfolio's performance were holdings in IT, communications services, and healthcare sectors.
  • The company experienced significant changes during the reporting period, including a new board of directors and changes in their investment strategy.
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.