L1 Group Achieves $24M in Cost Synergies Post Merger, Reports $17.6B in Funds Under Management
L1 Group has recognized $24 million in cost synergies following the merger of L1 Capital and Platinum Asset Management in October. The group anticipates an additional $10 million in synergies in the next financial year. Total funds under management reached $17.6 billion as of December 2025, with underlying profits rising to $66 million. An interim dividend of one cent per share was declared, and the firm launched a Global Long Short Fund in November 2025.
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L1 Group has realized $24 million in cost synergies since its merger in October, with expectations of an additional $10 million in the next financial year. As of December 2025, total funds under management (FUM) increased to $17.6 billion, reflecting a 7.9% rise driven by positive investment returns of $3.2 billion.
Underlying profits surged to $66 million from $41 million year-on-year. The firm declared a one cent interim dividend and launched a Global Long Short Fund, contributing to an increase of $2.6 billion in FUM, totaling $7.5 billion. The FUM of Platinum funds declined from $4.4 billion to $3.4 billion, with expectations of stabilization within 15 months.
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