L1 Long Short Fund (LSF) H2 2026 earnings summary

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.