LITIGATION CAPITAL MANAGEMENT LIMITED (LIT) — Results for the full year ended 30 June 2025

Investor webinar replay

Replay transcript excerpt

Good afternoon, ladies and gentlemen, and welcome to LITIGATION CAPITAL MANAGEMENT LIMITED full year results 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 and 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 we'll publish our responses where it's appropriate to do so on the investor meet company platform. Before we begin, we would just like to submit the following poll. And if you could 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 team from LITIGATION CAPITAL MANAGEMENT. Patrick, good afternoon, sir. Good afternoon, and welcome everybody to LCM's full year results for the period ending 06/30/2025. My name is Patrick Maloney. I'm the CEO. I'm joined by David Collins, our CFO. And I think the way we will deal with this presentation is we will move relatively swiftly through the presentation section because we are cognizant of the fact that there's probably quite a few questions that investors have, and we will endeavor to canvas as many of those questions as we can. And I wanna start off by recognizing that it has been a disappointing period for LCM. We've had unprecedented losses of investments or cases that we have been invested in during the twelve month period ending June 30 and indeed beyond that period. As investors know, LCM has enjoyed a very strong track record in terms of investing in disputes, and we will touch upon what...