L1 Group (ASX:L1G) reported total assets under management of $17.64 billion as of Dec. 31, 2025, up from $16.95 billion at Sept. 30, 2025, reflecting an increase of approximately $700 million over the quarter.
The growth was driven by positive investment returns and strong inflows into L1 Global Long Short strategies, partially offset by outflows from legacy Platinum funds, primarily the Platinum International Fund.
The rise in L1 International AuM and the decline in Platinum-branded strategies primarily reflect the transition of management of the Platinum international equity funds to L1 International.
For the period ended Dec. 31, 2025, L1G expects realised performance fees of approximately $37–39 million, including in-perimeter performance fees of around $32 million.
Strong investment performance in the first half of the financial year allowed L1G to recognise its full-year entitlement to in-perimeter performance fees for the Long Short Fund strategies, in line with rules outlined in its explanatory memorandum released to the ASX on Aug. 21, 2025.
At the time of reporting, L1 Group's share price was $1.11.