Litigation Capital Management Limited (LIT) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, ladies and gentlemen, and welcome to the Litigation Capital Management Limited investor presentation. Throughout this recorded presentation, investors will be in listen-only mode. Questions are encouraged. They can be submitted at any time via the Q&A tab that's just situated on the right-hand corner of your screen. Please just simply type in your questions and press send. The company may not be in a position to answer every question it receives during the meeting itself. However, the company can review all questions submitted today and will publish our responses where it's appropriate to do so on the InvestorMeet company platform. Before we begin, we would just like to submit the following poll. And if you'd give that your kind attention, I'm sure the company would be most grateful. And I would now like to hand you over to the executive management team from Litigation Capital Management Limited. Patrick, good morning, sir. Good morning. Welcome, everyone, to LCM's presentation of its interim results for the period ending 31 December 2004. I'm joined by David Collins, our CFO, and James Parker, our financial controller. So I want to start with some highlights in terms of the interim period and the first one is the maintenance of our performance. So we had seven realisations during the period which generated revenue of $51 million and that revenue was generated at a multiple of 3.6 times. Now, when we think about that in comparison to our 13 and a half year track record, that is tracking at a multiple of invested capital of 2.4 times. Next thing I want to highlight in the period was some outstanding results that we've achieved in respect of some arbitrations. And these arbitrations are brought pursuant to treaties, typically quite a tough part of the sec...