Australia · Delayed Price · Currency is AUD Regal Partners Earnings Call Transcripts
Fiscal Year 2026
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Funds under management rose 16% to AUD 20.9 billion, with NPAT up 65% and a fully franked dividend of AUD 0.21 per share. All resolutions passed with strong support, and a strategic rebrand and new growth initiatives were announced. Buyback remains paused pending a capital management review.
Fiscal Year 2025
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Record FY25 results with management fees over AUD 200 million, normalized NPAT of AUD 160.5 million, and FUM at AUD 20.9 billion. Strong start to 2026, robust pipeline, and continued focus on diversification, M&A, and platform investment.
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Normalized net profit after tax reached $44.8 million on $148 million revenue, with FUM now over $18.5 billion. Strong inflows, robust performance fees, and a resilient balance sheet support continued growth, with offshore expansion and new strategies like hotels driving future opportunities.
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The meeting highlighted strong FUM and profit growth, major acquisitions, and product innovation. Shareholders approved all resolutions, re-elected directors, and discussed fee structures, M&A, and LIC discounts. Management emphasized diversification, disciplined growth, and robust governance.
Fiscal Year 2024
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2024 saw record growth in FUM, net profit, and net flows, driven by strong investment performance, strategic acquisitions, and increased offshore investor participation. The business remains well-capitalized, with robust momentum expected to continue into 2025.
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Normalized NPAT surged to AUD 59 million, with FUM rising to AUD 16.5 billion post-acquisitions and strong net flows. Performance fees and management fee margins improved, while integration of recent acquisitions and new product launches support a positive outlook.
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Regal Partners will acquire Merricks Capital for AUD 235 million, expanding its FUM to AUD 15.1 billion and significantly increasing its private credit capabilities. The deal is immediately accretive, leverages strong distribution synergies, and positions the group for further growth.