Navigator Global Investments reports $102M FY26 adjusted EBITDA
- Navigator Global Investments reports a 21% increase in ownership-adjusted assets under management alongside a statutory net profit of US$21.2 million.
- Adjusted EBITDA fell 10% to US$102 million, hitting the exact midpoint of company guidance.
- Growth was driven by higher management fees at subsidiary Lighthouse, partially offset by lower profit distributions from NGI Strategic.
Navigator Global Investments (ASX:NGI) reported a 21% increase in ownership-adjusted assets under management to US$34 billion alongside an adjusted EBITDA of US$102 million for the full year.
The result compares to the prior period's earnings and landed at the midpoint of the US$100–$104 million market guidance previously provided by company management.
"Sustainable alpha generation from our partner firms continues to drive strong investment performance, with higher base and performance fee revenues, net inflow momentum, and fee rates across the portfolio not subject to fee compression," said NGI CEO Stephen Darke.
Statutory net profit after tax declined 82% to US$21.2 million due to non-cash fair value adjustments and transaction expenses.
Following the announcement, Navigator Global Investments shares were up 1.56% at $2.42.
Navigator operates as an alternative asset management holding company with primary operational units, including Lighthouse and NGI Strategic.
The firm recently completed the acquisition of a 17% net revenue share portfolio from Stable Asset Management to expand future earnings.
