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L1 Long Short Fund (LSF) investor relations material
L1 Long Short Fund H2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Delivered a net return of 45.4% for FY 2026, significantly outperforming the ASX200AI benchmark return of 6.1% over the same period.
Achieved annualized returns of 20.6% over 3 years, 16.9% over 5 years, and 14.7% since IPO, all well above relevant benchmarks.
Financial highlights
Declared a fully franked final quarter dividend of 3.8c per share, payable on 23 September 2026.
Total dividends for FY 2026 reached 14.6c per share, with dividends increasing every period since the first in February 2021.
Outlook and guidance
Expectation for total dividends to continue increasing, subject to capital requirements and availability.
- Strong returns and agile portfolio shifts amid macro shocks, focusing on five key investment themes.LSF
Investor presentation - Net profit after tax surged to $414.9 million, with strong returns and a 3.60c fully franked dividend declared.LSF
H1 2026 - Robust outperformance through quality stock selection and sector-driven strategies.LSF
Status Update - AGM highlighted robust returns, higher dividends, and enhanced board-shareholder alignment.LSF
AGM 2025 - Net profit after tax fell 42% year-over-year, but dividends and NTA per share increased.LSF
H2 2025 - Achieved 12.5% net return, raised dividends, and reinforced board commitment amid market challenges.LSF
AGM 2024 - Portfolio outperforms with disciplined valuation, global themes, and focus on absolute returns.LSF
Status Update - Profit before tax grew to $226.98 million, with NTA per share before tax up 8% to $3.21.LSF
H2 2024 - Net loss of $74.97M for HY FY25; interim dividend of 6.25c per share declared.LSF
H1 2025
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