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L1 Global Long Short Fund (GLS) investor relations material
L1 Global Long Short Fund H2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Portfolio delivered a net return of 17.8% from 28 November 2025 to 31 July 2026, outperforming the MSCI World Index's 11.1% over the same period.
Since strategy inception (1 January 2025 to 31 July 2026), annualised net return was 58.1% p.a., compared to 20.1% p.a. for the MSCI World Index.
Financial highlights
Fully franked interim dividend of 1 cent per share paid in March 2026; final dividend of 2 cents per share payable on 23 September 2026.
Total dividends determined since the change of Investment Manager and strategy amount to 3.0 cents per share.
Outlook and guidance
Board intends to pay fully franked dividends of at least 8.0 cents per share for FY27, with quarterly dividends of 2.0 cents per share, subject to Board approval and financial position.
- Outperformed benchmarks with 53.9% net return p.a., focusing on resilient, high-growth sectors.GLS
Investor presentation - Profit declined and returns lagged the benchmark, with major strategic and Board changes underway.GLS
H2 2025 - Profit after tax jumped to $57.5m, driven by a new strategy and major equity raise.GLS
H1 2026 - Transition to a global long/short strategy with a $415M offer and 67.5% YTD net return.GLS
Investor Presentation - Shareholders approved a new manager, board changes, and a shift to a global long-short strategy.GLS
AGM 2025 - Three L1 Capital nominees were appointed as directors, while WAM nominees were not.GLS
EGM 2025 - Shareholders approved a 50% buyback (20% cap pre-EGM) with strong support and governance concerns.GLS
Scheme Meeting 2025 - FY2024 saw steady profits, a new ETF scheme, and a focus on closing the share price discount.GLS
AGM 2024 - FY24 saw a 3.7% pre-tax NTA return, $12.8m net profit, and a proposed merger to close the share price gap.GLS
H2 2024
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