L1 Group FY26 slides: profit surges 97% on fund performance, synergies
In its FY26 results, L1 Group Limited (ASX:L1G) reported a significant 97% increase in underlying net profit after tax to $188.8 million. This surge was primarily fueled by strong investment performance and accelerated merger synergies following the October 2025 merger with Platinum Asset Management. The company's shares rallied 6.79% following the announcement, trading at $1.18.
L1 Group's funds under management (FUM) expanded by about 17% to reach $19.1 billion by year-end, with L1 Capital-managed strategies accounting for 73% of the total, up from 55% at the merger date. The company also indicated that it had surpassed initial cost synergy targets and outlined an aggressive growth strategy.
Written by urgent.news from Investing.com's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
