Regal shares tumble as NPAT falls 24%
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More news: Regal Partners shares tumbled 7.62% to $2.79 by 10:37am AEST after the fund manager reported a 24% fall in NPAT.
However, E&P Capital analyst OIivier Coulon was expecting the market to like Regal’s half-year results.
Coulon said revenue was ahead of consensus by 2.6%, with underlying NPAT 4.9% above estimates. Operating expenses were lower than forecast with employee expenses 10% below Visible Alpha consensus, and contribution from non-controlling interests was 7.9% higher than forecast.
Regal Partners NPAT drops 24% for first half
The news: Regal Partners has reported a 24% fall in net profit after tax for the first half of financial year 2025 as a result of lower performance fees and other income.
The numbers: Its NPAT came in at $26.3 million compared to the $50.2 million during the prior corresponding period.
Management fees for the half totalled $81.1 million, up from $46.97 million. However, performance fees fell 51% to $39.3 million from $59.45 million.
It also reported a 49% increase in funds under management to $17.5 billion as inflows rose $700 million.
The fund manager posted a first-half revenue of $148 million, up 2.6% on consensus, according to Visible Alpha figures.
The board declared an interim dividend of 6 cents per share, lower than the 8 cent dividend during the first half of FY24.
Regal noted that it had a positive start of 2H25 as its FUM was up 5% in July to $18.5 billion with net inflows of $300 million.
The context: Regal chief executive and managing director Brendan O’Connor said the fund manager had delivered “another strong set of results for the half-year” thanks to positive investment performance and healthy net inflows.
What they said: “As we look ahead, Regal Partners is benefiting from several positive tailwinds and we remain confident in our prospects for continued growth,” he said.
The sources: ASX, E&P Capital research
