Litigation Capital Management Limited (LIT) Q4 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome to the Litigation Capital Management Limited four-year results investor presentation. Throughout this quarter presentation, investors will be in listen-only mode. Questions are encouraged and can be submitted at any time via the Q&A tab situated in the right-hand corner of your screen. Just simply type in your questions and press send. The company may not be in a position to answer every question it receives in the meeting itself. However, the company can review all the questions submitted today and publish responses where it's appropriate to do so. Before we begin, I'd like to submit the following poll. I'd now like to hand it to Patrick Maloney, CEO. Good morning to you, sir. Good morning. Good morning to investors joining us here in the UK and good evening to those joining from Australia. Welcome to LCM's full year results presentation for financial year 24. I'm joined by David Collins for the first time who has joined LCM as our Chief Financial Officer. You'll hear from him as we go through the presentation in relation to financial matters. So I want to start off by just identifying some of the key points in terms of momentum that we have achieved during the past financial period. And the first one is the financial highlights. Total income of 44.7 million, which generates a profit before tax of 16.1 million Australian dollars. Net assets of 94 pence per share. and the dividend declared of £1.25 per share. In respect of our performance and our tracking performance, we have had eight realisations or eight investments mature during the relevant period, generating 56 million of gross revenue at a 2.4 multiple. We have an unrealized portfolio of ongoing investments of 58. We have post period end realizations early in the new financial period o...