Pacific Current Group Limited (ASX:PAC)

ALERT: Price-sensitive ASX Announcement for PAC

Current share price for PAC : $11.060 1.11 (11.16%)⁺

Announcement

H1 FY26 Results Announcement

Release

24 Feb 2026 8:38AM

Price at Release

$9.950

Full Release

Summary

Pacific Current Group Limited (PAC) announced its interim results for the first half of FY26. The company reported an underlying net profit after tax (NPAT) of A$6.7 million, a decrease from the previous year's A$15.3 million, due to lower distributions, management fees, and interest income. However, corporate cost savings of 31% partly offset these decreases. A statutory net loss after tax of A$11.7 million was reported, largely driven by fair value adjustments. The fair value estimate of net asset value (NAV) was A$16.34 per share, surpassing the statutory NAV by A$2.42. PAC executed strategic transactions, including a partial sale of Victory Park Capital and a full exit from Janus Henderson Group, strengthening liquidity. The company fully repaid a senior secured debt facility and initiated an on-market share buy-back. PAC's management expressed confidence in continued growth, focusing on optimizing capital structure, managing costs, and enhancing organizational efficiency.

Key Points

Underlying NPAT of A$6.7 million for H1 FY26.
Corporate cost savings of 31% compared to H1 FY25.
Statutory net loss after tax of A$11.7 million due to fair value adjustments.
Fair value estimate of NAV is A$16.34 per share.
Funds Under Management of A$28.8 billion, a 4% decrease.
Strategic transactions include partial sale of Victory Park Capital and full exit from Janus Henderson Group.
Full repayment of A$64.3 million senior secured debt facility.
On-market share buy-back of up to 2 million shares initiated.
Future focus on growth, capital structure optimization, and cost management.

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.