Navigator Global Investments Limited (NGI) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you for standing by and welcome to Navigator Global Investments Limited HY26 Interim Results. All participants are in a listen only mode and there will be a presentation followed by a question and answer session. If you wish to ask a question, you will need to press the star key followed by the number 1 on your telephone keypad. I would now like to hand the conference over to Mr. Stephen Dark, CEO. Please go ahead. Thank you, operator, and welcome to everyone joining the call this morning to discuss Navigator's half-year results for the 2026 financial year. I'm Stephen Dark, Navigator's CEO. I'm joined today, as per usual, by my colleagues Ross Zachary, Navigator CIO and Head of NGI Strategic Investments, and Amber Stoney, Navigator's Group CFO. Turning to slide four, the company snapshot. Navigator is the only ASX-listed company focused exclusively on partnering with leading alternative asset managers. We provide growth capital and strategic engagement to a diverse portfolio of 11 managers. As of 31 December, at the partner firm level, Navigator's affiliates manage over US$84 billion, up 6% over the past 12 months. This AUM is managed across 42 investment strategies and invested via 197 products. These strategies typically have low correlation to global equity and fixed income markets and to one another. Turning to a summary of Navigator's first half 2026 financial results on slide five. I'm pleased to report that NGI continue to see strong top line growth and earnings momentum. Our ownership adjusted AUM increased 5% during the period to $29 billion. Higher management fees with higher fee rates and continued strong risk adjusted investment performance leading to higher performance fees drove Navigator's first half revenue to 108.3 million US dollars, up 17% d...