Navigator Global Investments (NGI) AGM 2025 summary

Opening remarks and agenda

• Meeting opened with confirmation of quorum, welcome, and introduction of directors and executives, including the incoming Chairman and key management personnel.

• Agenda included Chairman's address, CEO's address, formal business, and Q&A session.

• Shareholders could participate online or in person, with clear instructions for submitting questions, voting, and proxy participation.

Financial performance review

• Record revenue of USD 204 million, up 18% year-on-year, with adjusted EBITDA at USD 114 million, up 26%.

• Net profit after tax was USD 119.4 million, with earnings per share of USD 0.21; statutory NPAT increased by 80% and EPS rose 46%.

• Ownership-adjusted AUM increased to USD 27.7 billion, up 6%, and total firm-level AUM reached USD 87 billion by September 2025.

• Higher management and performance fees, along with strong investment performance and portfolio diversification, drove record earnings.

Board and executive committee updates

• Michael Shepherd retired as Chairman after 16 years, with Roger Davis appointed as the new Independent Non-executive Chairman.

• Sean McGould retired as Director but remains CEO and CIO of Lighthouse.

• Ross Zachary appointed as Executive Director following the AGM.