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Pinnacle Investment Management Group Limited (ASX:PNI)

ALERT: Price-sensitive ASX Announcement for PNI
Current share price for PNI : $14.970 -2.23 (-12.97%)+
Announcement
Release
3 Feb 2026 4:41PM
Price at Release
$17.200
Full Release
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Summary
Pinnacle Investment Management Group Limited reported its 1H FY26 financial results, highlighting record net inflows of $17.2 billion and a decrease in NPAT to $67.3 million compared to the previous year. The company declared an interim dividend of 29.0 cents per share, franked at 80%. During this period, Pinnacle's aggregated funds under management reached $202.5 billion, marking a 13% increase. The firm also announced the planned acquisition of the remaining 79.2% interest in Pacific Asset Management LLP, which is expected to be completed in the first half of the calendar year 2026, subject to regulatory approvals. Performance fees contributed significantly to Pinnacle's NPAT, despite a decline in overall performance fees compared to the previous year.
Key Points
  • Record half-year net inflows of $17.2 billion for 1H FY26.
  • NPAT attributable to shareholders was $67.3 million, a decrease of 11% from 1H FY25.
  • Diluted EPS decreased by 18% to 30.1 cents.
  • Interim dividend of 29.0 cents per share, franked to 80%.
  • Aggregate Affiliates’ FUM was $202.5 billion at 31 December 2025, an increase of 13% from 30 June 2025.
  • Pinnacle entered an agreement to acquire the remaining 79.2% interest in Pacific Asset Management LLP (PAM) for ~£212.4 million.
  • The PAM transaction is expected to be completed in 1H CY 2026, subject to regulatory approvals.
  • Pinnacle’s share of Affiliates’ NPAT was $69.4 million, down 7% from 1H FY25.
  • Performance fees after-tax contributed $13.4 million to Pinnacle’s NPAT in 1H FY26.
  • Retail FUM rose by $7.0 billion, reaching $46.7 billion by 31 December 2025.
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.