Navigator Global Invest

Navigator Global reported adjusted EBITDA of $101.9m for fiscal 2026 (-10%) with share-adjusted AUM up 21% to $33.6bn. Statutory net profit fell 82% to $21.2m due to negative fair-value movements, after which the stock dropped about 10.4% to $2.33. Management described the decline as a normalization after record years and expects the acquisition of the Stable Growth Portfolio and a strong M&A pipeline to support earnings in 2027; the dividend remains suspended and the credit line is unused. » Plus sur de.investing.com

Navigator Global has agreed to buy a portfolio of minority stakes in 17 alternative asset managers from Stable Asset Management for $195 million. The transaction is expected to close in early H2 2026 and will be financed in cash and NGI shares; the portfolio is valued at 7.6 times distributions for 2025. The package comprises pro‑rata assets under management of about $1.8 billion, Stable will remain as manager through the new unit NGI Stable Growth, establishing a long‑term strategic partnership; the deal is subject to regulatory approvals. » Plus sur de.investing.com

Navigator Global reported first-half 2026 revenue growth of 17% to USD 108.3m and an adjusted EBITDA of USD 48.2m, also up 17%. Fee-adjusted AUM rose to USD 29.0bn, and firm AUM totals USD 84bn across 11 partner firms. Management warned, however, that adjusted EBITDA for full-year 2026 is expected to be below 2025 levels, citing lower performance in the NGI Strategic segment as a risk, and suspended the dividend to preserve capital for growth initiatives. The stock fell about 9.9% to AUD 2.72 in response. » Plus sur de.investing.com