Regal Partners Limited, a specialist alternative investment manager, is pleased to report its financial results for the six months ended 30 June 2025.
Highlights
- Funds under management (FUM)1 of $17.7bn at 30 June 2025
- Net FUM inflows of $0.7bn in 1H25, bringing 12-month net inflows to a record $1.9bn, up 120% on pcp2
- Statutory 1H25 Net Profit after Tax (“NPAT”)3 of $26.3m
- Normalised 1H25 NPAT4 of $44.8m
- Performance fees $42.4m driven by strong performance across a diversified range of strategies5
- Fully franked dividend for 1H25 of 6c per share, reflecting strong organic generation of cash, surplus capital and franking credits in the period
- Strong balance sheet, with approximately $220.9m of net cash, cash receivables and investments at 30 June 2025 (pro forma after deducting the upcoming payment of the 1H25 dividend)
- Positive start to 2H25, with FUM rising a further 5% in July to $18.5bn, supported by net inflows of more than $0.3bn and positive investment performance of $0.5bn5
- Consequently, performance fee-eligible FUM at or within 5% of high-water mark has risen from $9.1bn (66% of all performance fee-eligible FUM) at 30 June 2025 to $10.8bn (74%) at 31 July 2025
1 Management estimate of FUM for 30 June 2025 (shown on a 100% FUM ownership basis). FUM (including 100% of Taurus Funds Management, Attunga Capital, Kilter Rural and Argyle Group) is rounded, unaudited, and includes non-fee-earning FUM but excludes non-fee-earning commitments
2 This is a record level of net flows based on 12-month periods to 30 June of each year. Previous corresponding period (pcp) relates to the 12 months to June 2024 in this description, but may relate to 6 months to June 2024 elsewhere when being compared to 1H25.
3 All NPATs refer to NPAT attributable to RPL shareholders.
4 Normalised NPAT has been calculated by adding back certain non-cash items (e.g. amortisation of intangible assets) and one-off transaction and integration costs (all tax-effected where appropriate). Normalised NPAT includes fair value movements on seed investments other than strategic assets.
5 Past performance is not a reliable indicator of future performance.
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).
