Highlights:
• A leading broker has issued a Buy rating for Pinnacle Investment Management with a target price of AUD 28.00.
• Pinnacle announced the acquisition of a strategic interest of up to 13% in Advantage Partners.
• In FY25, Pinnacle reported NPAT of AUD 134.4 million, up 49% year-on-year.
Pinnacle Investment Management Group Limited (ASX:PNI) has received a Buy rating from one leading broker, accompanied by a target price of AUD 28.00, representing an expected upside of over 42% from current market levels.
Strategic Investment in Advantage Partners
On 22 October 2025, the company announced that it has entered into an agreement to acquire a strategic interest in Advantage Partners, an independent and diversified private markets platform, based in Japan. Under the deal, PNI will acquire up to 13% of the firm over a three-year period, beginning with an initial 5% stake for AUD 92 million, with an option to purchase a further 8% at a similar valuation.
The transaction boosts Pinnacle’s global presence and marks a key step in its international diversification strategy. Advantage Partners provides a foothold in Japan’s institutional investment market, offering exposure to one of the world’s largest pension and insurance sectors.
Expanding Global Private Markets Footprint
Advantage Partners’ current funds under management stand at around USD 3 billion, with expectations to more than double to USD 6.5 billion over the next year.
FY25 Financial Performance
For the financial year ended 30 June 2025 (FY25), Pinnacle reported a net profit after tax of AUD 134.4 million, up 49% from AUD 90.4 million in FY24. Diluted earnings per share rose to 62.4 cents, a 37% increase year-on-year.
PNI announced a final dividend of 27.0 cps. With this, the total FY25 dividend reached 60.0 cents, up 43% from the prior year. Pinnacle’s share of Affiliates’ NPAT rose 43% to AUD 129.7 million, supported by performance fees from 12 Affiliates, contributing AUD 46.6 million post-tax to Pinnacle’s NPAT.
Aggregate funds under management (FUM) reached AUD 179.4 billion at 30 June 2025, highlighting continued growth and strong capital inflows across its platform.
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