L1 Group stock: L1 Group wins AGM approval. L1 Group stock is valued at AUD 2.7 billion
Published on 10/24/2026 at 04:02 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSGovernance and funds under management
- On October 20, 2026, shareholders passed all resolutions and approved one new constitution.
- September-quarter funds under management rose 1.30 percent to AUD 19.311 billion.
- Market capitalization was AUD 2.7 billion on October 23, 2026, with a 52-week range of AUD 0.93 to AUD 1.37.
L1 Group stock: L1 Group won shareholder approval at its October 20, 2026 annual general meeting, while its market capitalization stood at AUD 2.7 billion. TipRanks reported that all resolutions passed by poll, including one new constitution and several governance and remuneration measures.
Funds reached AUD 19.311 billion
The operating update remains the clearest financial marker. For the quarter ended September 30, 2026, L1 Group's funds under management rose 1.30 percent to AUD 19.311 billion, according to Finance News Network on October 14, 2026. The increase marked a fourth consecutive quarter of net client inflows, although Platinum strategies still recorded AUD 173.00 million of outflows, down from AUD 308.00 million in the prior June quarter.
What does the FUM rise mean?
The comparison points to improving scale with a mixed contribution from the combined platform. Morningstar said September-quarter FUM of AUD 19.30 billion compared with AUD 19.10 billion in June 2026 and AUD 17.00 billion in March 2026. That trajectory gives investors a measurable growth signal, while the Platinum outflow figure remains a counterweight.
Three milestones set the context
MarketScreener lists AUD 19.10 billion of FUM for June 30, 2026, Macquarie's AUD 1.25 target from August 12, 2026, and the AUD 19.311 billion September-quarter update. The current event came on October 20, 2026, when shareholders passed the AGM resolutions and approved the new constitution.
The next disclosed operational date is October 26, 2026, when the responsible entity is scheduled to change for the East Rocky Health Sciences Fund, subject to the transaction process described by Money Management on October 12, 2026.
ASX valuation sets the market frame
L1 Group was last quoted at AUD 1.06 on the ASX on October 23, 2026 at 4:10 p.m. AEDT, with the market closed. Its 52-week range was AUD 0.93 to AUD 1.37, leaving the operating update to compete with a valuation that remains below the annual high.
The further course of trading is shown by the continuously updated real-time quote of L1 Group stock.
L1 Group market data
- Company: L1 Group Limited
- ISIN: AU0000423501
- Ticker: L1G
- Primary exchange: ASX
- Market capitalization: AUD 2.7 billion (as of October 23, 2026)
- 52-week range: AUD 0.93-AUD 1.37 (as of October 23, 2026)
- Sector / Industry: Financial Services / Investment Management and Fund Operators
- Index membership: S&P/ASX 200
Market context: Market report S&P/ASX 200.
