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L1 Group Limited (ASX:L1G)

ALERT: Price-sensitive ASX Announcement for L1G
Current share price for L1G : $1.075 -0.1 (-8.51%)+
Announcement
Release
15 Jul 2026 9:17AM
Price at Release
$1.175
Full Release
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Summary
L1 Group Limited announced an update on Funds Under Management (FUM) and performance fees for the financial year 2026. As of June 30, 2026, the company's FUM increased by 12.4% during the quarter to $19.1 billion, driven by significant investment performance recovery and the successful IPO of the L1 Gold Fund, which contributed $428 million in net inflows. The realised performance fees for the six months ending June 2026 were approximately $122 to $127 million, with a total of $162 to $167 million expected for the full FY26. These fees were largely influenced by the outstanding performance of the L1 Capital Catalyst Fund and other L1 Capital strategies. Additionally, L1 Group anticipates incurring $33 to $36 million in after-tax one-off costs in the latter half of FY26, primarily due to the Platinum integration and the L1 Gold Fund's IPO. Further details will be provided in the FY26 results scheduled for August 17, 2026.
Key Points
  • L1 Group's FUM reached $19.1 billion by June 30, 2026.
  • Performance fees for FY26 are estimated to be $162 to $167 million.
  • The L1 Gold Fund's IPO contributed $428 million in net inflows.
  • One-off costs of $33 to $36 million are expected in the second half of FY26.
  • Exceptional performance by the L1 Capital Catalyst Fund noted.
  • Further financial updates to be released on August 17, 2026.
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.