2025 NPAT guidance of $145m, performance fee upgrade

This has been driven by strong performance across a range of investment strategies, with 2H25 performance fees anticipated to be approximately $130 million. Funds under management (“FUM”) rose to approximately $20.8 billion2 as at 31 December 2025 and net inflows for the December quarter were approximately $80 million, taking total net inflows for calendar 2025 to $1.5 billion. Regal looks forward