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Navigator Global Investments Limited (HFAHF) Q2 2026 Earnings Call Transcript

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Operator

Thank you for standing by, and welcome to Navigator Global Investments Limited HY ’26 Interim Results. [Operator Instructions]

I would now like to hand the conference over to Mr. Stephen Darke, CEO. Please go ahead.

Stephen Darke
CEO & Executive Director

Thank you, operator, and welcome to everyone joining the call this morning to discuss Navigator’s half year results for the 2026 financial year. I’m Stephen Darke, Navigator’s CEO. I’m joined today, as per usual, by my colleagues, Ross Zachary, Navigator’s CIO and Head of NGI Strategic Investments; and Amber Stoney, Navigator’s Group CFO.

Turning to Slide 4, the company snapshot. Navigator is the only ASX-listed company focused exclusively on partnering with leading alternative asset managers. We provide growth capital and strategic engagement to a diverse portfolio of 11 managers. As of 31 December, at the Partner Firm level, Navigator’s affiliates manage over USD 84 billion, up 6% over the past 12 months. This AUM is managed across 42 investment strategies and invested via 197 products. These strategies typically have low correlation to global equity and fixed income markets and to one another.

Turning to a summary of Navigator’s first half 2026 financial results on Slide 5. I’m pleased to report that NGI continued to see strong top line growth and earnings momentum. Our ownership adjusted AUM increased 5% during the period to $29 billion. Higher

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