L1 Group
L1G: XASX (AUS)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|RCj | LOCK|$@ | LOCK|LzVvylQ |
L1 Group Earnings: Solid Integration Supports Better FUM Trajectory, but Shares Already Too Hot
L1 Group reported a 63% increase in pro forma (combining L1 Capital and Platinum) underlying net profit after tax to AUD 66 million for the first half of fiscal 2026. Growth in assets under management supported revenue growth of 23% and EBITDA margin expansion to 65%, from 50%.
