Navigator Global Investments Delivers Record H1 Earnings, Up 16%

Navigator Global Investments (ASX: NGI) has reported a strong first half for FY25, with Adjusted EBITDA soaring 16% to a record USD41.1 million (AUD62.2 million). The company’s wholly-owned asset manager, Lighthouse Investment Partners, delivered outstanding investment performance, driving higher management and record performance fees.

CEO Stephen Darke highlighted the strength of NGI’s diversified portfolio, emphasizing its ability to generate consistent growth across different market conditions.

“Our first-half results reflect an excellent performance from Lighthouse and highlight the importance of diversification across our scalable portfolio of alternative managers.”

Key Financial Highlights (H1 FY25 vs. H1 FY24)

  • Assets under management (AUM) rose 3% to USD27.1 billion (AUD43.7 billion, up 11%).
  • Revenue surged 28% to USD92.3 million (AUD139.5 million).
  • Adjusted EBITDA climbed 16% to USD41.1 million (AUD62.2 million).
  • Statutory NPAT reached USD68.8 million (AUD104.1 million).

Growth Strategy & Outlook

NGI continues to generate strong, growing free cash flow, reinforcing its ability to fund future expansion. The company remains focused on strategic investments in alternative asset managers worldwide, further diversifying its portfolio.

With a robust pipeline of opportunities, Darke expressed confidence in NGI’s long-term trajectory:

“We expect performance fees to remain a consistent component of earnings moving forward. Subject to market conditions, we anticipate FY25 earnings to be higher than FY24.”

NGI’s flexible balance sheet and track record of successful acquisitions put it in a strong position to execute its growth strategy and capitalize on inorganic opportunities in the alternative asset space.

About Navigator Global Investments

Navigator Global Investments (ASX: NGI) is a diversified alternative asset management company, partnering with institutional-quality asset managers worldwide. The company’s investments span various asset classes and strategies, ensuring a resilient and scalable business model designed for long-term success.