Regal Partners Global Investments Announces Weekly NTA of $2.72 Per Share as of 24 July 2026

Insight into RG1’s Investment Approach and Market Position

Regal Partners Global Investments Limited operates as a listed investment company, offering Australian investors access to a concentrated, actively managed portfolio of global securities. The investment strategy is rooted in fundamental, bottom-up analysis, leveraging the expertise and specialist capabilities of Regal Partners, the investment manager. This enables RG1 to deliver a differentiated investment offering combining both long and short positions in global listed securities, providing exposure to international markets through a single ASX-listed entity.

The November 2025 rebranding from VGI Partners Global Investments Limited to Regal Partners Global Investments Limited, alongside the ticker change from VG1 to RG1, marked a strategic evolution aligning the company more closely with the Regal Partners investment management platform. This change reinforces the company’s identity within the Australian listed investment company sector while maintaining its core investment philosophy and operational framework.

Current NTA Valuation Reflects Global Market Dynamics as of 24 July 2026

The estimated NTA of $2.72 per ordinary share represents RG1’s portfolio value at market close on 24 July 2026, calculated on a post-tax basis and inclusive of all fees and charges. This methodology accounts for tax on realised gains and losses, deferred tax assets and liabilities, but excludes deferred tax on unrealised gains and losses. The calculation also factors in income tax losses available to RG1 for future utilisation, offering a comprehensive view of the net asset position accessible to shareholders.

RG1’s weekly NTA update captures movements across global equity markets, reflecting the international scope of its portfolio. By regularly disclosing estimated NTA, the company provides investors with transparency on holding values and portfolio performance. These figures are unaudited estimates based on Regal Partners Global Investments Limited’s calculations, reflecting market conditions and asset valuations at the close of global equity trading on the reporting date. This approach aligns with best practice disclosure standards for Australian listed investment companies and aids investor decision-making.

Post-Tax NTA Calculation and Investor Transparency

RG1’s post-tax NTA calculation differentiates realised from unrealised gains and losses. It accounts for tax on realised gains and losses and adjusts for deferred tax assets and liabilities from realised transactions, while excluding deferred tax impacts from unrealised gains and losses. This conservative method provides investors with a clearer understanding of the tax-adjusted asset base, reflecting actual tax liabilities upon realisation.

Incorporating income tax losses available for future use into the NTA calculation is a significant factor for investors assessing RG1’s net asset position. These tax losses can offset future capital gains, potentially reducing tax liabilities and enhancing shareholder returns over time. The unaudited nature of these estimates is transparently disclosed, advising investors that figures are based on internal calculations rather than external audit verification, enabling informed judgement in valuation and investment decisions.

Global Equity Exposure and Portfolio Construction

RG1’s portfolio combines long and short positions in global listed securities. Long positions target securities with attractive value or growth potential, while short positions allow the portfolio to benefit from declines in overvalued securities and provide diversification and hedging. This dual approach supports a market-neutral or flexible strategy, with investment decisions driven by fundamental research.

The portfolio’s global scope means NTA calculations reflect market movements across multiple time zones and regions. The NTA figure as at 24 July 2026 includes offshore equity market fluctuations, showcasing the portfolio’s comprehensive international exposure. This global snapshot offers investors a holistic view of their international portfolio positioning and performance, ideal for those seeking global equity exposure without direct overseas market or currency management complexities.

Regal Partners’ Investment Management Expertise

RG1’s investment performance relies heavily on the expertise and specialist capabilities of Regal Partners, its investment manager. Regal Partners brings extensive experience, market relationships, and research infrastructure to managing RG1’s concentrated portfolio. This active management differentiates RG1 from passive index-tracking funds and positions it within the active listed investment company segment.

The investment manager oversees portfolio construction, security selection, risk management, and execution of long and short positions globally. By pooling capital under professional management, RG1 investors access investment insights and capabilities difficult to replicate individually. The concentrated portfolio approach reflects a philosophy of deep fundamental analysis and selective capital deployment into securities deemed compelling opportunities or risks.

Weekly NTA Disclosures and Investor Communications

RG1’s weekly NTA updates demonstrate a commitment to timely shareholder communication regarding investment value. Frequent disclosure enables investors to closely monitor portfolio performance and make informed decisions. This regular cadence places RG1 among the more transparent listed investment companies in valuation reporting.

The company maintains a dedicated investor relations function, with Ingrid Groer, CFA, as the primary contact. Shareholders can reach RG1 via phone at +61 2 8197 4390 or email [email protected]. This accessible communication framework supports best practices in investor engagement, providing clear channels for inquiries about portfolio performance, NTA methodology, and other investment-related matters.

Rebranding Impact and Strategic Positioning

The November 2025 rebranding from VGI Partners Global Investments Limited to Regal Partners Global Investments Limited, along with the ticker change from VG1 to RG1, reflects a strategic repositioning. This alignment with Regal Partners enhances brand clarity between the investment vehicle and its manager, signaling corporate evolution within the investment management landscape.

For existing investors, the transition maintains investment continuity with updated branding and market identity. The ticker change requires shareholders to update their records accordingly. The rebranding did not alter the investment portfolio or fundamental approach, which remains an actively managed global equities strategy based on bottom-up analysis. The timing of the rebranding, approximately eight months before this NTA update, indicates stability under the new identity.

Financial Metrics and Valuation Insights for Investors

The $2.72 per share NTA serves as a key benchmark for evaluating RG1’s value and performance. Comparing this figure to RG1’s market price allows investors to assess trading discounts or premiums relative to net asset value, a critical factor in listed investment company investing. Significant deviations may present arbitrage opportunities or reflect market sentiment on the manager’s capabilities and portfolio characteristics.

The post-tax NTA methodology offers a conservative, realistic valuation by incorporating actual tax obligations, deferred tax positions, and income tax loss carryforwards. These metrics enable sophisticated investors and analysts to build detailed valuation models and compare RG1 to alternative investments. Regular NTA disclosures also provide a valuable historical dataset for trend analysis and performance tracking.

Risk Factors and Investment Disclosures

Investors should recognize that RG1’s concentrated portfolio approach entails concentration risk, as fewer securities mean higher volatility compared to broadly diversified portfolios. The use of short positions adds complexity and risk, including potential short squeeze scenarios and unlimited loss exposure if markets move unfavorably.

Performance depends significantly on Regal Partners’ investment decisions and market analysis. Changes in personnel, strategy shifts, or underperformance could impact shareholder returns. The unaudited NTA estimates are internal and not externally verified, requiring investor caution. Global market exposure introduces currency, geopolitical, and regulatory risks due to foreign-listed securities. Short selling depends on availability of securities and counterparty relationships with custodians and brokers.