Navigator Global Investments (ASX:NGI) Upgrades FY25 Earnings Outlook
Earnings Outlook
Navigator Global Investments Limited (ASX:NGI) expects FY25 Adjusted EBITDA of USD106.0 to 110.0 million (AUD163.6 to 169.7 million), representing an increase of 17-22% on FY24 Adjusted EBITDA.
Financial Performance
The Company reported H1 FY25 Adjusted EBITDA of USD41.1 million and anticipates H2 FY25 Adjusted EBITDA between USD64.9 million and 68.9 million, reflecting an 18-25% increase on the prior corresponding period. Strong profit distributions from NGI Partner Firms have driven the H2 earnings uplift.
Investment Performance
NGI’s portfolio assets under management increased to USD80.8 billion, with Partner Firm level AUM reaching USD27.2 billion. The diversified and uncorrelated nature of NGI’s Partner Firms remains resilient amid a challenging investment environment.
Executive Comments
CEO Stephen Darke stated, “In a volatile market impacted by macroeconomic and geopolitical uncertainty, the ability of high-quality active managers to generate alpha and deliver returns to investors is increasingly important.
“After another year of strong performance and profit distributions from NGI’s partner firms, as well as strong investment performance from Lighthouse, NGI has materially upgraded our expectations for FY25 earnings.
“This result demonstrates the increasing earnings potential of NGI’s diversified portfolio of global alternative investment managers, which have a proven track record of generating returns and profit growth across market cycles.
“We remain confident in the sustainable growth of NGI’s portfolio over the long term.”
Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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