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L1 Group Reports 79% Profit Surge and Upgrades Synergy Target Post-Merger
8:20am on Monday 17th of August, 2026 AEST
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Financial Services
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L1 Group Reports 79% Profit Surge and Upgrades Synergy Target Post-Merger
8:20am on Monday 17th of August, 2026 AEST
Key Points
Statutory profit after tax rises 79% to $145.2 million
Underlying net profit nearly doubles to $188.8 million
Funds under management grow 16.6% to $19.1 billion despite net outflows
Merger synergies exceed initial $30–35m target, upgraded to $43m for FY27
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