L1 Group FY26 slides: profit surges 97% on fund performance, synergies
L1 Group Limited (ASX:L1G) reported a 97% surge in underlying net profit after tax to $188.8 million for FY26, driven by exceptional investment performance and accelerated merger synergies. The company's assets under management grew by approximately 17% to reach $19.1 billion, with L1 Capital-managed strategies now representing 73% of total funds under management. The financial results included a 49% increase in total revenue to $385.9 million, with management fees and performance fees contributing to the overall growth.
Brief written by urgent.news from Investing.com's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
