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Platinum Asset Management Ltd ( (AU:L1G) ) has provided an update.
L1 Group Limited has completed the audit of the advanced draft of First Maven Pty Ltd’s FY25 Financial Report, a crucial step in its merger with Platinum Asset Management Limited. The company released a summary of the Merged Group Pro Forma Historical Income Statement and Balance Sheet as of June 30, 2025, which aggregates the historical audited financials of both entities with necessary pro forma adjustments. This development is significant for stakeholders as it provides a clearer financial picture of the merged entity, which could influence investor confidence and market positioning.
The most recent analyst rating on (AU:L1G) stock is a Hold with a A$0.79 price target. To see the full list of analyst forecasts on Platinum Asset Management Ltd stock, see the AU:L1G Stock Forecast page.
More about Platinum Asset Management Ltd
Average Trading Volume: 2,890,449
Technical Sentiment Signal: Buy
Current Market Cap: A$2.3B
For an in-depth examination of L1G stock, go to TipRanks’ Overview page.