Regal Partners locks in $122.7 million of CY26 Fund Performance Fee Revenue
Regal Partners (ASX:RPL) will recognise at least $122.7 million of Fund Performance Fee Revenue for CY26. The update, released on 12 November 2026, also covers investment performance in 2H26.
The total is made up of:
- $118.7 million crystallised and received in cash for 1H26
- A further $4.0 million crystallised and received in cash for 1 July to 31 October 2026
In light of current market conditions and recent fund performance, the company does not currently expect any incremental Fund Performance Fee Revenue for 2H26 to be material relative to the amount that has crystallised to date in CY26.
Other Income and RG8
Regal currently expects Other Income to have no material impact on Normalised NPAT for CY26.
Other Income comprises mark-to-market and net fair value gains, interest received, and dividends and distributions received from Regal’s investments in its funds. Regal Asian Investments Limited (ASX:RG8) has had a material negative impact on Other Income in 2H26, reflecting the decline in RG8’s share price to date in this period.
The company cautioned that investment performance, Fund Performance Fee Revenue and returns on seed investments can vary significantly over short periods of time, particularly in volatile markets.
Earlier in the year, Regal’s preliminary guidance had already stressed that performance fees are variable by nature and tied to returns above benchmarks, leaving the management fee base as the more durable earnings pillar.
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Net flows stay positive for a 12th straight quarter
The quarter ending 30 September 2026 was Regal’s 12th consecutive quarter of positive net flows, as announced in its September 2026 Funds Under Management Update. Flows have remained positive across its investment strategies notwithstanding challenging market conditions.
Recent flows were:
- Incremental net inflows of $0.1 billion in October 2026
- Total net inflows of $2.2 billion for the ten months ending 31 October 2026
Regal had approximately $22 billion in funds under management at 30 September 2026.
The flow run builds on 16% FUM growth in 2025, when $1.5 billion of net inflows and $3.15 billion of investment performance lifted the platform to $20.9 billion, with Hedge Funds the standout contributor.
What happens next for Regal
- CY26 results: due for release in February 2027, with further detail on fees, Other Income and net flows.
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