Regal Partners Limited, a specialist alternative investment manager, is pleased to report its financial results for the year ended 31 December 2024.
Highlights
- Funds under management (“FUM”)1 of $18.0bn at 31 December 2024, up 64% since 31 December 2023
- FUM up 25% for the year excluding $4.3bn of acquired FUM in relation to the Merricks Capital and Argyle Group transactions in July 2024
- Net client inflows of $1.9bn for the year to 31 December 2024, up 310% on pcp2
- Statutory 2024 Net Profit after Tax (“NPAT”)3 of $66.2m. Normalised NPAT4 of $97.5m, up 198% on pcp
- Performance fees $84.5m driven by strong performance across a diversified range of strategies
- Fully franked 2H24 dividend of 10c per share, up 100% on pcp, reflecting strong organic cash generation, substantial surplus capital and excess franking credits
- Strong balance sheet, with approximately $200m of net cash, cash receivables and investments, pro forma at 31 December 2024 (after deducting the upcoming payment of the 2H24 dividend), debt-free at 31 December 2024
1 Management estimate of FUM for 31 December 2024 (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.
2 Previous corresponding period (pcp) relates to the year to 31 December 2023.
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, long-term variable remuneration) and one-off transaction and integration costs (all tax-effected where appropriate). Normalised NPAT includes fair value movements on seed 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).
