Regal Partners reported a more than doubling of normalized net profit after tax to $93.3 million in the six months ended June 30, 2026, compared with the same period a year earlier. Statutory net profit after tax rose 258% to $94.1 million, while earnings per share climbed 104% to 21.4 cents.
The company’s management and loan fee revenue increased 14% year-over-year to $113.9 million, comprising $91.0 million in management fees and $22.9 million in loan management fees. Pre-tax profit from these fees grew 6% to $44.3 million, with margins holding steady at 1.08%. Performance fees totaled $118.7 million for the half, down from $133 million in the second half of 2025, reflecting a rolling 12-month yield of 1.2%. The pre-tax profit margin expanded to 56%.
Funds under management reached a record $21.4 billion as of June 30, up from $4.7 billion in June 2022. Net inflows in the first half amounted to $1.4 billion, a 92% increase from the prior-year period and marking the 11th consecutive quarter of positive net flows. July inflows added $0.3 billion. Performance-fee eligible assets accounted for 85% of total funds under management, with $13.7 billion at or within 5% of high-water marks.
Credit and royalties platforms expanded to 35% of total funds under management, totaling $7.6 billion. Notable fund raises included Taurus Mining Finance Fund III’s first close at approximately $1.0 billion, ASX-listed PM Capital Global Opportunities’ capital raise of $0.2 billion in August, and a sovereign fund commitment in credit strategies of $0.2 billion. Offshore funds under management rose to $6.0 billion.
Regal’s share price closed at $2.85, down 1.72% on the day but within a 52-week range of $2.27 to $3.70. The company’s balance sheet held $289 million in capital post-dividend, including $128 million in regulatory capital and $133 million in financial asset investments. An undrawn $130 million debt facility remains available. The post-dividend franking credit balance supports fully franked dividends of up to 21 cents per share.
Over 30,000 investors and more than 60 institutions are served across retail, wholesale, and institutional channels. Regal has launched 22 tailored products since June 2022, including seven separately managed accounts and 14 wholesale vehicles, supporting over $5 billion in funds under management. The company plans to seed its upcoming Multi-Strategy Income Fund with a 10% first-loss capital buffer, targeting monthly income at the RBA cash rate plus 3.50% (approximately 7.85% annually).
