Australia's Navigator Global Investments plunges on swing to HY loss, bleak outlook

Navigator Global Investments

23/02/2026 03:30

** Shares of Navigator Global Investments NGI.AX fall as much as 14.2% to A$2.59, their lowest level since November 3

** Asset manager heading for worst day since mid-December 2023, if losses hold

** Co posts net loss after income tax of $4.3 million for HY, after reporting a profit of $68.8 million last year

** Says FY26 earnings expected to be lower than FY25

** However, co's revenue from ordinary activities rises 19% to $175.5 million

** About 1.3 million shares changed hands, 1.7x their 30-day average volume

** Stock down ~7% this year, including the day's move

 (Reporting by John Biju in Bengaluru)

 ((John.Biju@thomsonreuters.com;))