Australia's L1 Group rises to 2-1/2-month high on strong quarterly results

L1

12/01/2026 23:31

** Shares of Australia's L1 Group L1G.AX rise as much as 5.7% to A$1.163, their highest level since October 30

** Stock hits biggest intraday pct gain in over a month

** Fund manager posts assets under management (AuM) of A$17,639 million ($11.83 billion) in December quarter, up from A$16,951 million in previous quarter

** Adds that results driven by positive investment returns and strong L1 global long short inflows

** L1G up 54.4% in 2025

($1 = 1.4908 Australian dollars)

 (Reporting by Aamir Sheik Khalid in Bengaluru)

 ((Aamir.SheikKhalid@thomsonreuters.com))