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Highlights

  • PNI’s net profit attributable to shareholders surged 150.46% YoY to AUD 75.71 million in 1H FY25.
  • In the recent half, PNI’s Funds Under Management (FUM) climbed 55.24% YoY to AUD 155.4 billion.
  • Pinnacle has been added to the S&P/ASX 100 Index effective 23 June 2025.

Pinnacle Investment Management Group Limited (ASX:PNI) is an ASX-listed multi-affiliate investment management company that offers global institutional, seed funding and retail distribution, and industrial-grade middle office and infrastructure services. In the half-year ended 31 December 2024 (1H FY25), the company reported a net profit attributable to shareholders of AUD 75.71 million, up 150.46% YoY from AUD 30.23 million in 1H FY24. Total revenue also witnessed growth of 16.72%, reaching AUD 27.64 million, driven by increased management fees and performance fees collected by nine of Pinnacle’s affiliate investment firms.

Growth in Funds Under Management

Funds Under Management (FUM) surged 55.24% YoY in 1H FY25,  to AUD 155.4 billion  compared to AUD 100.1 billion in the same period a year ago. Pinnacle has sustained a compound annual growth rate (CAGR) of 26.8% over the past decade.

Recent Business Update

On 6 June 2025, S&P Dow Jones Indices announced Pinnacle’s inclusion in the S&P/ASX 100 Index, effective prior to the market opening on 23 June 2025.

On 18 June 2025, Pinnacle revealed it had become a substantial shareholder in Nanosonics Ltd, acquiring a 5.21% equity stake.

Outlook

Pinnacle aims to extend its global footprint while retaining a disciplined focus on quality investments and fair valuations. The company plans to expand its distribution platform, particularly targeting high-growth, high-margin retail and international markets.

Pinnacle’s flexible operating structure supports the development of new affiliate partnerships and future acquisitions. The firm anticipates moderate inflows in public equities, given its neutral stance in Australian equities and slightly overweight position in global equities. However, it remains confident in its ability to capture greater market share, particularly amid increased demand for style-neutral strategies in both domestic and global equity markets.

Share performance of PNI

PNI shares closed 0.77% lower at AUD 19.23 per share on 23 June 2025. The stock has surged 36.97% over the past year and posted a 10.71% gain in the past nine months. However, it is down 16.03% over six months and 1.33% over the last month.

The 52-week high for PNI is AUD 27.11, reached on 5 February 2025, while the 52-week low stands at AUD 13.24, recorded on 17 June 2024.

Support and Resistance Summary

Note 1: Past performance is neither an Indicator nor a guarantee of future performance.

Note 2: The reference date for all price data, and currency, is 23 June 2025. The reference data in this report has been partly sourced from EODHD/Others.

 

Technical Indicators Defined:

Support: A level at which the stock prices tend to find support if they are falling, and a downtrend may take a pause backed by demand or buying interest. Support 1 refers to the nearby support level for the stock and if the price breaches the level, then Support 2 may act as the crucial support level for the stock.

Resistance: A level at which the stock prices tend to find resistance when they are rising, and an uptrend may take a pause due to profit booking or selling interest. Resistance 1 refers to the nearby resistance level for the stock and if the price surpasses the level, then Resistance 2 may act as the crucial resistance level for the stock.