Regal Partners expects $145m NPAT in 2025
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The news: Investment manager Regal Partners expects to deliver normalised net profit after tax of about $145 million in 2025 following an uplift in performance fees, according to preliminary unaudited estimates.
The numbers: Funds under management as at 31 December 2025 lifted to $20.8 billion, with net inflows during the calendar year of $1.5 billion. In the December quarter, the fund saw net inflows of about $80 million.
Regal told the exchange that second-half NPAT for calendar year 2025 is expected to come in at $100 million, higher than the $44.8 million in the first-half period.
Meanwhile, performance fees for the second half are expected to come in at $130 million, higher than the $42.4 million in the first half.
Full-year NPAT of $145 million is higher than the $97.5 million recorded in the preceding year. Total expected performance fees of $172 million are also higher than the $84.5 million in the preceding year.
The context: Regal previously faced significant challenges in 2024 in part due to it being the largest shareholder in troubled biotech Opthea and a failed bid to acquire Platinum Asset Management.
The source: ASX
