London · Delayed Price · Currency is GBP · Price in GBX Litigation Capital Management Earnings Call Transcripts
Fiscal Year 2026
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Two major trial losses and adverse cost orders led to a net loss of AUD 108 million and a sharp drop in net assets. Management is focused on a strategic review to secure new capital or shift to a lean runoff model, with ongoing lender support and reduced operating expenses.
Fiscal Year 2025
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Unprecedented losses led to a strategic shift toward active case management, cost reduction, and a halt on new investments. Net assets and cash declined sharply, with a focus now on debt reduction and a strategic review of all options, including a potential run-off.
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Seven investments concluded with AUD 51 million revenue at a 3.7x multiple, driven by major arbitration wins. Transition to fund management is progressing, with strong Fund One performance and positive outlook for Fund Three amid global uncertainty and reduced competition.
Fiscal Year 2024
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Total income reached AUD 44.7 million with a 2.4x multiple on invested capital for FY24. The business is scaling through an asset management model, expanding into the U.S., and leveraging a new AI platform, while maintaining a strong balance sheet and targeting 15–20% CAGR in net assets per share.