InvestSMART

L1 Long Short Fund Limited (ASX:LSF)

ALERT: Price-sensitive ASX Announcement for LSF
Current share price for LSF : $4.840 0.09 (1.89%)+
Announcement
Release
26 Aug 2026 9:44AM
Price at Release
$4.750
Full Release
download
Summary
L1 Long Short Fund Limited reported a remarkable 45.40% return for the year ending 30 June 2026, with significant performance attributed to a disciplined investment approach amidst global uncertainties. The fund increased its dividend payout frequency to quarterly, reflecting strong performance, and issued a final dividend of 3.80 cents per share. It achieved a net profit after tax of $634.6 million, with a total equity of approximately $2.51 billion. The fund's management, L1 Capital, earned substantial performance fees, indicative of the fund’s success in navigating market challenges while focusing on long-term capital preservation.
Key Points
  • L1 Long Short Fund Limited reported an outstanding absolute return of 45.40% for the year ended 30 June 2026.
  • The fund has increased the frequency of dividends from semi-annual to quarterly.
  • The net profit after tax for FY26 was $634.6 million.
  • Issued capital increased to 634,669,000 shares due to dividend reinvestment.
  • L1 Capital, the investment manager, received performance fees amounting to $228.5 million.
  • The fund's exposure includes both Australian and global securities.
  • The fund maintained a strong focus on preserving capital over the long term.
  • Key management personnel did not receive shares as compensation during FY26.
  • The company declared multiple dividends within the year, with a final dividend of 3.80 cents per share.
  • The fund's total equity at the end of FY26 was approximately $2.51 billion.
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.