Business
Interim results for the HY ended 31 December 2024
Interim results for the HY ended 31 December 2024.
About this update from Litigation Capital Management Ltd
[{"type":"text","content":"\n\n18 March 2025\n \nLitigation Capital Management Limited\n(\"LCM\" or the \"Company\")\n \nInterim results for the half year ended 31 December 2024\n \nHighlights\n\n\n\n\n•\n\n\nSeven realisations in period generating A$51m of revenue\n\n\n\n\n•\n\n\nNet realised gains of A$37.4m (HY24: A$19.6m), with concluded investments generating a 3.67x multiple of cash invested (MOIC)\n\n\n\n\n•\n\n\nTotal income of A$4.7m (HY24: A$21.6m) due to A$32m negative fair value movement driven by fair value write-offs on concluded investments \n\n\n\n\n•\n\n\nLoss after tax for the period of A$8.4m (HY24: profit A$7.3m)\n\n\n\n\n•\n\n\nNet assets of A$181.8m (HY24: A$188.9m)\n\n\n\n\n·\n\n\nBook value per share of 86.3 pence (FY24: 94.4 pence)\n\n\n\n\n·\n\n\nTotal new commitments of A$34m added in the period (HY24: A$90m)\n\n\n \n\n\n\n\n\n\n\n \n\n\n \n\n\n\n\nOutlook\n\n\n\n\n·\n\n\nFund management momentum accelerating, with Fund III on track for launch before 30 June 2025\n\n\n\n\n·\n\n\nNew commitments expected to rebound in the second half of FY25.\n\n\n\n\n \n \nCommenting on the results, Patrick Moloney, CEO of Litigation Capital Management, said: \"The first half of the year reflected the inherent volatility of litigation finance. While we secured significant wins in two arbitration cases, we also faced setbacks with two class action losses at trial, which are now subject to appeal. Our transition to a fund management model continues to gain momentum, and as we scale, we expect to reduce financial unpredictability. We remain disciplined in capital allocation, focused on generating strong long-term returns for our investors and shareholders.\n \nLCM will be hosting a webinar for investors today at 11.00 a.m. The presentation is open to all existing and potential shareholders. If you would like to attend this presentation, please register using the following link:\nhttps://www.investormeetcompany.com/litigation-capital-management-limited/register-investor\n \nA webinar presentation for analysts will take place at 9.30am. Analysts wishing to attend should contact [email protected] to register.\n \nThe accompanying results presentation is available on LCM's website: \nhttps://w...