Regal Partners (RPL) Investor Presentation summary

Strategic positioning and market opportunity

• Aims to be a leading provider of alternative investment strategies, with $19.2bn in FUM and a $1.0bn market cap as of August 2025.

• Strategy focuses on growth and diversification of investment capabilities, client base, and a scalable platform.

• Sees opportunity from the rise of passive investing, which now exceeds 50% of global ETFs and mutual funds, creating inefficiencies and volatility.

• Global demand for alternatives is rising, with $30tn in alternative assets under management and strong interest from high net worth investors.

Business growth and financial performance

• FUM increased by $14.5bn since June 2022, driven by net inflows of $4.4bn and investor returns of $3.4bn.

• Key metrics have grown strongly: FUM up 3.8x to $17.7bn by June 2025, net FUM inflows of $1.9bn in the 12 months to June 2025.

• Management and loan fee revenue reached $201.6m in the 12 months to June 2025, up 3.4x since June 2022.

• Normalised NPAT for 1H25 was $44.8m, down 24% on 1H24 but up 16% on 2H24, with a pre-tax profit margin of 50%.

• Interim dividend of 6c per share, with a 55% payout ratio, and robust balance sheet with $244.2m in cash, receivables, and fund investments.

Investment platform and team

• Over 80 investment professionals, led by experienced CIOs with decades of industry expertise.

• Multi-strategy platform covers hedge funds, growth equity, real and natural assets, credit, and royalties.

• The 'One RPL' approach integrates teams, technology, and service providers, streamlining operations and enabling cross-sell benefits.

• Enhanced content and brand strategy have elevated profile and retail presence, with strong engagement through webinars and campaigns.