Regal Partners Limited, a specialist alternative investment manager, is pleased to report its financial results for the six months ended 30 June 2023.
Highlights
- Statutory 1H23 operating cashflows of $26.9m
- Statutory 1H23 Net Profit after Tax (“NPAT”) of -$3.9m, includes approximately $4m deferred contingent consideration payment to Attunga Capital
- Normalised NPAT1 of $13.1m, up 98.5% on pcp. Driven by revenues of $47.6m, up 9.1% on pcp and expenses of $27.5m, down 10.7% on pcp
- Net client inflows of +$0.4bn received for the six months to 30 June 2023, taking net inflows for the 12 months to 30 June 2023 to +$1.1bn (vs the Company’s +$1bn target)
- Total funds under management (“FUM”) as at 30 June 2023 of $5.8bn, up 11% since 31 December 2022 and up 23% on 30 June 2022. FUM remained at $5.8bn at 31 July 2023
- Fully franked interim dividend of 5c per share declared; Dividend Reinvestment Plan (“DRP”) available
- Robust balance sheet with $234m in cash and investments, and no debt, as at 30 June 2023
1 Normalised NPAT has been calculated by adding back certain non-cash items (e.g. amortisation of intangible assets, long-term variable remuneration) and project transaction costs (all tax-effected at 30%). Normalised NPAT includes unrealised fair value movements on investments.
This information is prepared by Regal Partners Marketing Services Pty Ltd (ACN 637 448 072), a corporate authorised representative of Regal Partners (RE) Limited (ACN 083 644 731, AFSL 230222). All investments contain risks. Past performance is not a reliable indicator of future performance. You should read the Information Memorandum (including the key risks) applicable for the relevant Fund, and consider obtaining professional investment advice tailored to your specific circumstances, before making any investment decision. Any investment in a Fund will be solely on the basis of its Information Memorandum (as updated and amended from time to time).
