Top Page
VGI Partners Ltd.
(Sydney:RPL)
VGI Partners Ltd. (RPL) vs. iShares MSCI Australia ETF (EWA)
VGI Partners Ltd. Business Overview & Revenue Model
VGI Partners Ltd. Financial Statement Overview
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 369.03M | 253.20M | 104.45M | 84.18M | 150.01M |
| Gross Profit | 325.66M | 223.17M | 40.26M | 74.88M | 98.76M |
| EBITDA | 203.82M | 119.83M | 25.64M | 25.02M | 87.74M |
| Net Income | 130.55M | 66.24M | 1.60M | 11.62M | 42.71M |
Balance Sheet | |||||
| Total Assets | 1.11B | 949.22M | 689.25M | 486.62M | 168.36M |
| Cash, Cash Equivalents and Short-Term Investments | 180.23M | 95.22M | 211.72M | 213.46M | 51.73M |
| Total Debt | 65.13M | 7.95M | 46.05M | 4.51M | 5.92M |
| Total Liabilities | 164.10M | 95.21M | 110.48M | 50.68M | 89.58M |
| Stockholders Equity | 943.97M | 850.42M | 575.57M | 432.13M | 134.56M |
Cash Flow | |||||
| Free Cash Flow | 71.11M | 51.44M | 15.39M | 28.64M | 45.78M |
| Operating Cash Flow | 72.34M | 52.27M | 16.12M | 31.49M | 46.01M |
| Investing Cash Flow | 2.85M | 72.14M | -49.55M | -53.86M | 1.62M |
| Financing Cash Flow | -66.20M | -90.77M | 10.63M | 45.55M | -38.99M |
VGI Partners Ltd. Technical Analysis
VGI Partners Ltd. Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | AU$1.15B | 8.75 | 5.73% | 4.92% | 21.81% | -43.93% | |
73 Outperform | AU$333.67M | 16.81 | 32.31% | 4.00% | 10.61% | 23.34% | |
69 Neutral | AU$582.72M | 14.46 | 8.50% | 4.63% | 4.26% | 79.41% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
64 Neutral | AU$596.47M | 24.38 | 58.10% | 2.70% | 18.80% | 74.51% | |
46 Neutral | AU$1.68B | 148.08 | 8.97% | 1.85% | 35.30% | 44.24% |
VGI Partners Ltd. Corporate Events
Regal Partners Limited has lodged its Appendix 4G and confirmed that its corporate governance statement for the year ended 31 December 2025 is available on its website. The statement has been approved by the board and outlines how the company has complied with ASX Corporate Governance Council recommendations, providing investors with a guide to its governance practices.
The filing confirms Regal Partners has adopted key governance measures such as a formal board charter, pre-appointment checks for directors and executives, and written agreements setting out their terms of appointment. By aligning its disclosures with ASX requirements, the group reinforces transparency and accountability, offering stakeholders clearer visibility into its oversight structures and compliance framework.
The most recent analyst rating on (AU:RPL) stock is a Hold with a A$3.50 price target. To see the full list of analyst forecasts on VGI Partners Ltd. stock, see the AU:RPL Stock Forecast page.
Regal Partners reported strong 2025 results, with funds under management rising 16% to $20.9 billion, driven by $1.5 billion in net inflows and approximately $3.2 billion of positive investment performance. Statutory net profit after tax nearly doubled to $130.5 million, while normalised profit rose 65% to $160.5 million, supported by $175.7 million in performance fees and a sharp lift in performance fee-eligible capital near high-water marks.
The company declared a fully franked second-half 2025 dividend of 15 cents per share and highlighted a robust balance sheet with about $250 million in capital and an undrawn $130 million debt facility, enabling growth initiatives and a new on-market buyback of up to $75 million. Momentum has carried into 2026, with FUM increasing to $21.2 billion in January, reinforcing Regal Partners’ positioning to pursue selective opportunities while aiming to deliver strong returns for clients and sustainable value for shareholders.
The most recent analyst rating on (AU:RPL) stock is a Hold with a A$3.50 price target. To see the full list of analyst forecasts on VGI Partners Ltd. stock, see the AU:RPL Stock Forecast page.
Regal Partners Limited has declared a fully franked interim dividend of AUD 0.15 per ordinary share for the six months to 31 December 2025, with an ex-dividend date of 2 March 2026 and payment due on 25 March 2026. The company confirmed that converting redeemable preference shares issued for the PM Capital acquisition rank equally with ordinary shares for this dividend, with cash payments on deferred converting shares and automatic reinvestment of dividends on contingent converting shares under its dividend reinvestment plan, aligning treatment across its expanded shareholder base.
This dividend announcement underscores Regal Partners’ ongoing capital return policy following its PM Capital acquisition, clarifying how different share classes will participate in distributions. The use of the dividend reinvestment plan for contingent converting shares may support capital retention and balance sheet flexibility while still providing value to those holders, potentially affecting dilution and ownership dynamics among existing shareholders.
The most recent analyst rating on (AU:RPL) stock is a Hold with a A$3.50 price target. To see the full list of analyst forecasts on VGI Partners Ltd. stock, see the AU:RPL Stock Forecast page.
Regal Partners Limited has lodged its Appendix 4E and Annual Report for the year ended 31 December 2025 with the ASX. The filings include the directors’ report and full financial statements, providing shareholders and the market with detailed insight into the company’s performance and governance over the past financial year.
The release formalises Regal Partners’ 2025 financial reporting obligations and offers stakeholders greater transparency into its operations. This disclosure supports informed decision-making by investors and reinforces the firm’s compliance and positioning within the regulated Australian funds management sector.
The most recent analyst rating on (AU:RPL) stock is a Hold with a A$3.50 price target. To see the full list of analyst forecasts on VGI Partners Ltd. stock, see the AU:RPL Stock Forecast page.
Regal Partners Limited, an ASX-listed investment manager, has its ordinary fully paid shares trading under the ticker RPL and operates in the financial services sector with a focus on capital markets. The company actively manages its capital structure through market-based transactions in its own securities.
The company has updated its on-market share buy-back details to confirm the broker that will execute purchases on its behalf. This notification amends the original 5 February 2026 buy-back announcement and formalises the operational arrangements for the ongoing repurchase of RPL shares.
The most recent analyst rating on (AU:RPL) stock is a Hold with a A$3.50 price target. To see the full list of analyst forecasts on VGI Partners Ltd. stock, see the AU:RPL Stock Forecast page.
Regal Partners Limited has updated its previously announced on-market share buy-back for its ordinary fully paid shares, confirming the broker that will conduct purchases on its behalf. The notification, filed as an amendment to its earlier February disclosure, refines the operational details of the buy-back program, providing greater clarity to investors on how the capital management initiative will be executed.
The revised filing does not alter the nature of the buy-back itself but formalises the arrangement with the broker responsible for acquiring shares on the market. This step underscores Regal Partners’ ongoing capital management strategy and may influence trading liquidity and shareholder value as the buy-back progresses.
The most recent analyst rating on (AU:RPL) stock is a Hold with a A$3.50 price target. To see the full list of analyst forecasts on VGI Partners Ltd. stock, see the AU:RPL Stock Forecast page.
Regal Partners Limited has corrected the date of its upcoming 2025 financial results briefing, confirming that the webcast and teleconference with its CEO Brendan O’Connor and CFO Ian Cameron will now take place at 9:30am AEDT on 24 February 2026, rather than 26 February as previously advised. All other details of the event remain unchanged, with investors able to participate via an interactive webcast or teleconference and access a recording on the company’s website, underlining Regal Partners’ ongoing engagement with its investor base ahead of the release of its full-year financial results.
The most recent analyst rating on (AU:RPL) stock is a Hold with a A$3.50 price target. To see the full list of analyst forecasts on VGI Partners Ltd. stock, see the AU:RPL Stock Forecast page.
Regal Partners Limited has notified the ASX that it will commence an on‑market buy-back of its ordinary fully paid shares, underlining an active approach to managing its capital structure. The move signals management’s willingness to deploy balance-sheet capacity to repurchase stock on market, a step that can support earnings per share, provide liquidity to shareholders wishing to exit, and may be interpreted as a vote of confidence in the company’s valuation and longer-term prospects.
The most recent analyst rating on (AU:RPL) stock is a Hold with a A$3.50 price target. To see the full list of analyst forecasts on VGI Partners Ltd. stock, see the AU:RPL Stock Forecast page.
Regal Partners Limited has launched an on-market share buy-back of up to $75 million of its ordinary shares as part of a broader capital management strategy. The move, underpinned by a strong balance sheet and ongoing operating cash flow, is intended to enhance shareholder returns while preserving financial flexibility to pursue strategic growth opportunities. The program is scheduled to begin on or after 25 February 2026 and may run for up to 12 months, with the scale and pace of repurchases dependent on company performance, market conditions, share price levels and other capital allocation priorities; Regal retains the option to suspend or terminate the initiative at any time.
The most recent analyst rating on (AU:RPL) stock is a Hold with a A$3.50 price target. To see the full list of analyst forecasts on VGI Partners Ltd. stock, see the AU:RPL Stock Forecast page.
Regal Partners has scheduled the release of its 2025 full-year results for 24 February 2026 and will host a webcast and teleconference briefing on 26 February, signaling ongoing investor engagement as the firm showcases its diversified alternatives platform and operational scale ahead of the earnings update.
The most recent analyst rating on (AU:RPL) stock is a Hold with a A$3.50 price target. To see the full list of analyst forecasts on VGI Partners Ltd. stock, see the AU:RPL Stock Forecast page.
Regal Partners Limited reported that funds under management rose to about $20.9 billion at 31 December 2025, a 4% increase over the December quarter and a 16% rise over the calendar year, while total funds under management and commitments grew 21% to $22.0 billion. Growth was underpinned by strong net client inflows of $1.5 billion and investment performance of $3.15 billion across 2025, with hedge funds and credit & royalties the main drivers and robust demand for products such as the PM Capital Global Companies Fund, Regal Global Small Companies Fund and various multi-strategy and royalties vehicles, partially offset by loan repayments in Merricks Capital co-investments and modest redemptions in growth equity and real and natural assets strategies.
The most recent analyst rating on (AU:RPL) stock is a Buy with a A$3.50 price target. To see the full list of analyst forecasts on VGI Partners Ltd. stock, see the AU:RPL Stock Forecast page.
Regal Partners Limited has notified the market that 298,832 RPLAC rights have lapsed after the conditions attached to these conditional rights to securities were not satisfied by 13 January 2026. The cessation slightly reduces the company’s pool of potential equity issuance from these instruments, clarifying its issued capital structure for shareholders and the market but without indicating any immediate operational or strategic shift.
The most recent analyst rating on (AU:RPL) stock is a Buy with a A$4.70 price target. To see the full list of analyst forecasts on VGI Partners Ltd. stock, see the AU:RPL Stock Forecast page.
Regal Partners has issued guidance for calendar 2025 normalised net profit after tax of about $145 million, underpinned by an expected surge in second-half performance fees to roughly $130 million and total performance fees of $172 million for the year. Funds under management rose to an estimated $20.8 billion at 31 December 2025, with $80 million of net inflows in the December quarter bringing total net inflows for the year to $1.5 billion, highlighting continuing investor demand across its alternative strategies. The preliminary, unaudited figures signal ongoing operational momentum and fee-generating strength for the manager ahead of its detailed quarterly FUM update and full-year results in February 2026.
The most recent analyst rating on (AU:RPL) stock is a Hold with a A$3.00 price target. To see the full list of analyst forecasts on VGI Partners Ltd. stock, see the AU:RPL Stock Forecast page.
Regal Partners Limited, a publicly listed entity on the Australian Securities Exchange (ASX) under ticker code RPL, has announced its intention to issue up to 535,456 ordinary fully paid securities as part of a planned placement or other type of issue. This proposed securities issuance, scheduled for July 2, 2029, reflects a strategic move by the company to strengthen its financial position and enhance its market endeavors. Stakeholders may interpret this step as indicative of the company’s forward-looking strategies aimed at fostering growth and maintaining industry competitiveness.
The most recent analyst rating on (AU:RPL) stock is a Hold with a A$3.00 price target. To see the full list of analyst forecasts on VGI Partners Ltd. stock, see the AU:RPL Stock Forecast page.
Regal Partners Limited has announced that 10,868,725 fully paid ordinary shares will be released from escrow on December 18, 2025. These shares were initially issued in June 2022 as part of a merger with Regal Funds Management Pty Limited. The release includes over 9.4 million shares held by key board members and associated entities, with a remaining 921,266 shares under escrow until December 30, 2026. This release marks a significant step in the integration process post-merger, potentially impacting the company’s stock liquidity and market perception.
The most recent analyst rating on (AU:RPL) stock is a Hold with a A$3.00 price target. To see the full list of analyst forecasts on VGI Partners Ltd. stock, see the AU:RPL Stock Forecast page.