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Lion Selection Group Limited (ASX:LSX)

ALERT: Price-sensitive ASX Announcement for LSX
Current share price for LSX : $0.865 -0.055 (-5.98%)+
Announcement
Release
18 Mar 2026 3:39PM
Price at Release
$0.920
Full Release
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Summary
The half-yearly report for Lion Selection Group Limited, ending January 31, 2026, demonstrates robust financial health, marked by a strong balance sheet with A$42.5M in cash and investments, and a significant 96% increase in the market-to-market valuation of its investment portfolio. The company reported stable revenue and an 87% rise in profit, leveraging high deal flow opportunities. Net tangible asset value per share improved, and a special dividend was disbursed. The company remains compliant with Australian Accounting Standards, focusing on mining investments across Australia, Africa, and Asia, and continues to manage its investments at fair value. Segment assets and liabilities were reported, with no major changes in equity or reserves.
Key Points
  • Strong balance sheet with cash, term deposits, and accrued interest totaling A$42.5M available for investment.
  • Significant increase in market-to-market value of investments by 96% year-over-year.
  • High volumes of deal flow and opportunity assessments.
  • Revenue remained stable while profit increased by 87%, reaching $32,283,000.
  • Net tangible assets per ordinary security increased from 89.2 cents to 109.8 cents.
  • A fully franked special dividend was paid on 17 September 2025, amounting to $2,865,000.
  • Lion Selection Group Limited operates as an investment entity focusing on mining and exploration sectors across Australia, Africa, and Asia.
  • The company's financial reporting aligns with Australian Accounting Standards and does not consolidate investments, carrying them at fair value.
  • Segment assets reported at $168,684,000 with liabilities totaling $11,449,000.
  • No significant change in share-based payment reserve or contributed equity, with a small increase in performance rights vested.
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.