Regal Partners share price lifts despite fall in performance fee revenue
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More news: The share price of Regal Partners has lifted after the investment manager announced an estimated first-half performance fee revenue that was around 40.7% lower year-on-year.
Regal Partners shares rallied 6.6% to $2.42 by 11:40am AEST. However, the stock is still down 26.4% over the last 12 months.
Regal Partners’ first-half performance fees estimated to fall 40%
The news: Investment manager Regal Partners has announced an estimated first-half performance fee revenue for 2025 that is about 40.7% lower than the same period last year.
The numbers: Regal’s has estimated that its first-half fee revenue, before tax and on a normalised basis, will be $35 million.
This is about 40.7% lower than the $59 million it reported for the first-half of calendar year 2024.
The context: The fall in revenue comes as several bad investments have dragged Regal's recent performance, costing investors hundreds of millions of dollars. They include speculative biotech Opthea, which was written down to $0 after being bought by several Regal funds, as well as ailing luxury ecommerce platform Cettire, of which Regal owns 15%. Cettire shares are down 76% since the start of 2025.
The company noted the preliminary estimate was still subject to the finalisation of period-end fund accounting and auditor review.
The company’s next funds under management are due to be released later this month.
Earlier this year, Regal also recorded lower-than-expected performance fee revenue for the second half of 2024.
