Regal Partners Limited reported a near doubling of net profit after tax to $130.5 million for 2025, alongside a 16% rise in funds under management to $20.9 billion. The company declared a fully franked 15 cent dividend and announced a $75 million on-market share buy-back program.
- 97% increase in statutory net profit after tax to $130.5 million
- Funds under management grew 16% to $20.9 billion
- Fully franked final dividend of 15.0 cents per share declared
- On-market share buy-back program of up to $75 million announced
- Strategic acquisitions of 50% in Ark Capital and 51% in Hawkeye Analytics
Strong Financial Growth
Regal Partners Limited (ASX: RPL) has delivered a robust financial performance for the year ended 31 December 2025, nearly doubling its statutory net profit after tax to $130.5 million, up 97% from the previous year. Normalised net profit after tax also rose sharply by 65% to $160.5 million, reflecting strong underlying business momentum.
Funds under management (FUM) climbed 16% to $20.9 billion, supported by solid investment returns and positive net inflows. This growth trajectory continued into early 2026, with FUM reaching $21.2 billion by the end of January.
Capital Management and Shareholder Returns
The Board declared a fully franked final dividend of 15.0 cents per share, payable on 25 March 2026, bringing total dividends for the year to 21 cents per share. The dividend reinvestment plan remains in operation, allowing shareholders to reinvest dividends into new shares.
In a move to enhance shareholder value, Regal Partners announced an on-market share buy-back program of up to $75 million, set to commence on or after 25 February 2026 and run for up to 12 months. The buy-back reflects the company’s confidence in its capital position and growth prospects.
Strategic Acquisitions and Integration
During 2025, Regal Partners expanded its capabilities through key acquisitions, including a 50% stake in Ark Capital Partners, a specialist real estate investment and advisory platform, and a 51% interest in Hawkeye Analytics, a quantitative trading platform. These acquisitions complement Regal’s existing alternative investment strategies and broaden its product offering.
The year was characterised by a focus on integration and consolidation following prior years of significant growth. The company emphasised strengthening its operating foundations, enhancing collaboration across teams, and embedding a unified culture under the “One RPL” approach.
Leadership and Remuneration Updates
Regal Partners bolstered its leadership team with strategic hires in technology, strategy, and offshore client development, including a new Chief Technology Officer and Head of North America. The remuneration framework was updated to align the performance and remuneration cycles with the financial year, extending long-term incentive vesting periods to four years to reinforce alignment with shareholder interests.
The company also maintained a strong balance sheet, with $250 million in capital and an undrawn $130 million debt facility, providing flexibility for future growth opportunities.
Market Reaction and Outlook
Despite the strong financial results, Regal Partners’ share price declined from $3.75 to $3.21 during 2025, resulting in a negative total shareholder return of -8%. The Board acknowledged this outcome but remains confident in the company’s fundamentals and leadership team.
Looking ahead, the company aims to leverage sustained investment performance, disciplined execution, and prudent capital management to drive improved shareholder returns. The recently announced buy-back program and ongoing integration efforts are expected to support this objective.
Bottom Line?
Regal Partners enters 2026 with strong momentum and capital flexibility, but investors will watch closely how integration and market conditions impact future returns.
Questions in the middle?
- How will the integration of Ark Capital and Hawkeye Analytics enhance Regal’s long-term growth?
- What impact will the on-market buy-back have on share price and investor sentiment?
- Can Regal sustain its strong performance fee generation amid market volatility?