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L1 Group Limited (ASX:L1G)

ALERT: Price-sensitive ASX Announcement for L1G
Current share price for L1G : $1.090 -0.015 (-1.36%)+
Announcement
Release
17 Aug 2026 8:48AM
Price at Release
$1.105
Full Release
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Summary
In its FY26 results, L1 Group Limited (ASX:L1G) reported a substantial 97% growth in underlying net profit after tax, reaching $188.8 million. This growth was buoyed by a 49% increase in revenue, significantly aided by a one-time performance fee from the L1 Wholesale Gold. The company's funds under management increased by approximately 17% to $19.06 billion, driven by robust investment performance and net inflows of $2.531 billion. Post-merger cost synergies achieved $31.7 million, with a target raised to $43 million. A dividend of 3.0 cents per share was declared for FY26. Strategic initiatives and successful integration of the merger with Platinum Asset Management highlighted the group's expansion and optimization efforts, including launching new investment strategies.
Key Points
  • L1G achieved a 97% increase in underlying net profit after tax (UNPAT) to $188.8 million for FY26.
  • Revenue grew by 49% compared to FY25, with a substantial contribution from a one-off L1 Wholesale Gold performance fee of $79 million.
  • Funds Under Management (FUM) increased by approximately 17% in FY26, reaching $19.06 billion.
  • The company realized $31.7 million in cost synergies post-merger, with a total target raised to $43 million.
  • Dividends for FY26 were declared at 3.0 cents per share, fully franked.
  • L1 Capital funds experienced net inflows of $2,531 million and strong investment performance.
  • The merger between Platinum Asset Management and L1 Capital was completed in October 2025.
  • L1 Group's strategic initiatives included capital raisings and launching new strategies like the Australian Small Caps 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.