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How Did L1 Group Achieve a 215% Profit Jump After Its Big Merger?
9:00am on Wednesday 25th of February, 2026 AEDT
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Financial Services
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How Did L1 Group Achieve a 215% Profit Jump After Its Big Merger?
9:00am on Wednesday 25th of February, 2026 AEDT
Key Points
Statutory profit after tax attributable to ordinary shareholders up 215% to $52 million
Underlying net profit after tax rises 63% to $66.3 million
Funds under management reach $17.6 billion post-merger
Merger accounted for as reverse acquisition with L1 Capital as accounting acquirer
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