Business
Interim results for the HY ended 31 December 2025
Litigation Capital Management Ltd reported a challenging first half ending December 31, 2025, with a statutory loss after tax of $107,767,000, a significant increase from the prior period's loss of $8,353,000, driven by several large case losses. The company's operating loss before tax was $111,672,000 compared to $7,952,000 in the previous year. Cash on balance sheet increased to $23,601,000 from $18,447,000, though cash generated from investment resolutions significantly decreased to $1,428,000 from $56,402,000. A strategic review initiated in September 2025 to restore balance sheet strength is ongoing, and the company has secured debt covenant waivers from its lender, with a material uncertainty existing regarding its ability to continue as a going concern. Subsequent events include a positive development in an arbitration claim against Poland and a successful High Court of Australia trademark dispute, but also an adverse judgment in an Australian commercial litigation claim. Disclaimer*
About this update from Litigation Capital Management Ltd
31 March 2026 Litigation Capital Management Limited ("LCM" or the "Company") Interim results for the half year ended 31 December 2025 Litigation Capital Management Limited, an alternative asset manager specialising in dispute financing solutions internationally, today announces its interim results for the half year ended 31 December 2025. Commenting on the results, Patrick Moloney, CEO of Litigation Capital Management, said: "The first half of this financial year has been the most challenging period in LCM's history. We experienced a number of large case losses which resulted in a significant financial loss for shareholders. In September 2025 we commenced a Strategic Review to explore all options for restoring LCM's balance sheet strength and realising value for shareholders. The Strategic Review is now approaching a conclusion and we will communicate its outcome to shareholders as soon as we are able to." LCM will be hosting a webinar for investors today at 9.00 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: https://www.investormeetcompany.com/litigation-capital-management-limited/register-investor The accompanying results presentation is available on LCM's website: https://www.lcmfinance.com/investors/investor-presentations-results The Interim Financial Report is available at: https://www.lcmfinance.com/investors/investor-presentations-results Enquiries Litigation Capital Management Patrick Moloney, Chief Executive Officer David Collins, Chief Financial Officer Cavendish (Nomad and Broker) Tel: 020 7220 0500 Jonny Franklin-Adams and Isaac Hooper (Corporate Finance) Ella Bedford (Corporate Broking) NOTES TO EDITORS Litigation Capital Management (LCM) is an alternative asset manager specialising in disputes financing solutions internationally, which operates two business models. The first is direct investments made from LCM's permanent balance sheet capital and the second is third party fund management. Under those two business models, LCM currently pursues three investment strategies: Single-case funding, Portfolio funding and Acquisitions of claims. LCM generates its revenue from both its direct investments and also performance fees throu...
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