Navigator Global Investments Ltd
ASX:NGI
Navigator Global Investments Ltd
Navigator Global Investments Ltd. operates as a fund management company. The company is headquartered in Toowong, Queensland and currently employs 112 full-time employees. The company went IPO on 2006-04-28. The firm is engaged in the provision of investment management products and services to investors globally through wholly owned subsidiary Lighthouse Investment Partners, LLC((Lighthouse) and investment in a portfolio of minority interests in six alternative asset management companies. The firm operates through two segments: Lighthouse Group and NGI Strategic Group. Lighthouse Group operates as a global absolute return funds manager for investment vehicle. NGI Strategic Group holds several strategic investments on a minority basis in a number of alternative asset management entities. Lighthouse is a global investment management firm which offers hedge fund strategies to investors who are looking to diversify their asset mix and realize growth with a lower correlation to traditional equity and fixed income allocations.
Navigator Global Investments Ltd. operates as a fund management company. The company is headquartered in Toowong, Queensland and currently employs 112 full-time employees. The company went IPO on 2006-04-28. The firm is engaged in the provision of investment management products and services to investors globally through wholly owned subsidiary Lighthouse Investment Partners, LLC((Lighthouse) and investment in a portfolio of minority interests in six alternative asset management companies. The firm operates through two segments: Lighthouse Group and NGI Strategic Group. Lighthouse Group operates as a global absolute return funds manager for investment vehicle. NGI Strategic Group holds several strategic investments on a minority basis in a number of alternative asset management entities. Lighthouse is a global investment management firm which offers hedge fund strategies to investors who are looking to diversify their asset mix and realize growth with a lower correlation to traditional equity and fixed income allocations.
Revenue Growth: Navigator reported first half FY26 revenue of $108.3 million, up 17% during the period, supported by higher management and performance fees.
EBITDA & Earnings: Adjusted EBITDA rose 17% to $48.2 million, and adjusted EPS grew 7% compared to first half FY25.
AUM Growth: Ownership-adjusted AUM increased 5% during the period to $29 billion, with 7% growth over the past 12 months.
Fee Rates: No fee pressure was observed; average management fee rates edged higher, and performance fee yields remained resilient.
Guidance: Full-year adjusted EBITDA is expected to be lower than FY25 due to comparatively lower investment performance in NGI Strategic, but overall confidence in medium-term growth remains high.
Balance Sheet: Net assets remained stable at $795 million, with net debt to adjusted EBITDA at 0.6x, and dividend payments suspended to focus on reinvestment.
Deal Pipeline: The company continues to pursue new acquisitions, with a strong and active pipeline, particularly in private market alternatives.
