L1 Group FY26 profit leaps 97% in first post-merger result

L1 Group FY26 profit leaps 97% in first post-merger result

L1 Group's profit jumps 97% and FUM rises in its first year after merging with Platinum Asset Management. The post L1 Group FY26 profit leaps 97% in first post-merger result appeared first on The Motley Fool Australia.

L1 Group’s First Year After Platinum Shows a 97% Profit Jump, and a One-Off Fee:

HedgeCo.Net — L1 Group posted its first full-year result since absorbing Platinum Asset Management and the headline is a 97% jump in underlying profit that includes a large one-off fee. For the year to June 30, 2026, underlying net profit after tax was A$188.8 million, up from a A$96.1 million pro forma prior year, Motley Fool Australia and Money Management reported from the ASX filing. Underlying EBITDA was A$287.4 million, up 102%. Revenue was…

L1 Group Shares Jump 6.79% on ASX After Fund Manager Posts 97% Profit Growth in First Result Since Merger

L1 Group Ltd's shares rose 6.79% after reporting a 97% profit growth post-merger with Platinum Asset Management, driven by strong investment performance and a one-off gain.

L1 Group profit jumps 97%, raises post-merger synergy target

L1 Group has reported an underlying profit of $189 million for the financial year 2026, up 97% from the previous year. Funds Under Management (FUM) jumped 17% to $19.1 billion as of June 30. The board declared a final dividend of two cents per share, fully franked, bringing total dividends declared for FY26 to three cents per share. L1 Group formed last year through the merger of L1 Capital and Platinum Asset Management. It aimed a cost reductio…