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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
Release
24 Feb 2026 9:09AM
Price at Release
$9.950
Full Release
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Summary
Pacific Current Group Limited's H1 FY26 results presentation highlights a period of consolidation, portfolio repositioning, and balance sheet strengthening. The company partially sold its interest in Victory Park Capital and exited from Janus Henderson Group, leading to increased net assets and cash reserves. The full repayment of senior secured debt and an on-market share buy-back were also notable activities. Despite lower management and performance fees due to asset sales, PAC maintained a focus on disciplined cost management, which helped reduce corporate costs significantly. The company's fair value net asset value per share exceeded its statutory NAV, reflecting higher valuations for boutique investments.
Key Points
  • Partial sale of Victory Park Capital and exit from Janus Henderson Group.
  • Full repayment of senior secured debt facility.
  • On-market share buy-back of up to 2 million shares.
  • Fair value NAV per share exceeds statutory NAV by A$2.42.
  • Focus on growth initiatives and cost management.
  • Reduced corporate costs by 31%.
  • Lower management and performance fees due to asset sales.
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.