Cash flow L1 Long Short Fund Limited

Equities

LSF

AU0000002339

Diversified Investment Services

Market Closed - Australian S.E. Other stock markets 10:46:29 05/12/2025 am IST			5-day change	1st Jan Change
3.740 ^AUD	+1.63%		+2.19%	+28.52%

20/11	L1 Long Short Fund Limited - Special Call
11/11	L1 Long Short Fund Limited - Shareholder/Analyst Call

27b093b8bb.ifY6rowRujgKpRp43_Ms02LmpmvZm8MCeQQiyxo7kQ4.y5pt2tNeyW1e5Fs2taxV6yOv6B6w6qVgOF1Qiix5xjzbt17G_HjVdVjvdQ

Published financial data: L1 LONG SHORT FUND LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: June	2021	2022	2023	2024	2025
Interest And Invest. Income (Rev)	5.04Cr	8.41Cr	8.54Cr	12Cr	12Cr
Other Revenues, Total	84Cr	28Cr	33Cr	31Cr	28Cr
Total Revenues	89Cr	36Cr	42Cr	43Cr	40Cr
Gross Profit	89Cr	36Cr	42Cr	43Cr	40Cr
Selling General & Admin Expenses, Total	15Cr	7.53Cr	8.31Cr	8.61Cr	6.1Cr
Other Operating Expenses	33.24L	60.52L	36.8L	46.93L	37.4L
Other Operating Expenses, Total	15Cr	8.14Cr	8.68Cr	9.08Cr	6.47Cr
Operating Income	74Cr	28Cr	33Cr	34Cr	34Cr
Interest Expense, Total	-71.9L	-1.31Cr	-3.58Cr	-7.59Cr	-8.01Cr
Net Interest Expenses	-71.9L	-1.31Cr	-3.58Cr	-7.59Cr	-8.01Cr
Currency Exchange Gains (Loss)	2.71Cr	-4.04Cr	-2.12Cr	91.6L	-8.64Cr
Other Non Operating Income (Expenses)	-1.77Cr	-2.12Cr	-2.14Cr	-2Cr	-1.78Cr
EBT, Excl. Unusual Items	74Cr	20Cr	25Cr	25Cr	15Cr
Gain (Loss) On Sale Of Investments	-1.25Cr	-2.16Cr	-2.81Cr	-2.74Cr	-2.47Cr
EBT, Incl. Unusual Items	72Cr	18Cr	22Cr	23Cr	13Cr
Income Tax Expense	21Cr	4.22Cr	6.1Cr	5.67Cr	3.06Cr
Earnings From Continuing Operations	51Cr	14Cr	16Cr	17Cr	9.95Cr
Net Income to Company	51Cr	14Cr	16Cr	17Cr	9.95Cr
Net Income - (IS)	51Cr	14Cr	16Cr	17Cr	9.95Cr
Net Income to Common Incl Extra Items	51Cr	14Cr	16Cr	17Cr	9.95Cr
Net Income to Common Excl. Extra Items	51Cr	14Cr	16Cr	17Cr	9.95Cr
Per Share Items
Net EPS - Basic	0.83	0.23	0.27	0.27	0.16
Basic EPS - Continuing Operations	0.83	0.23	0.27	0.27	0.16
Basic Weighted Average Shares Outstanding	62Cr	61Cr	61Cr	62Cr	63Cr
Net EPS - Diluted	0.83	0.23	0.27	0.27	0.16
Diluted EPS - Continuing Operations	0.83	0.23	0.27	0.27	0.16
Diluted Weighted Average Shares Outstanding	62Cr	61Cr	61Cr	62Cr	63Cr
Normalized Basic EPS	0.74	0.21	0.26	0.26	0.15
Normalized Diluted EPS	0.74	0.21	0.26	0.26	0.15
Dividend Per Share	0.04	0.08	0.1	0.12	0.13
Payout Ratio	1.54	24.98	27.03	31.1	58.08
Supplemental Items
EBITA	74Cr	28Cr	33Cr	34Cr	34Cr
EBIT	74Cr	28Cr	33Cr	34Cr	34Cr
Total Revenues (As Reported)	92Cr	32Cr	40Cr	44Cr	32Cr
Effective Tax Rate - (Ratio)	29.07	23.04	27.21	24.97	23.55
Total Current Taxes	-	19Cr	-1.83Cr	2.35Cr	2.53Cr
Total Deferred Taxes	-	-15Cr	7.94Cr	4.13Cr	53.62L
Normalized Net Income	46Cr	13Cr	16Cr	16Cr	9.68Cr
Supplemental Operating Expense Items
General and Administrative Expenses	15Cr	7.53Cr	8.31Cr	8.61Cr	6.1Cr

Fiscal Period: June	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	48Cr	131.08Cr	97Cr	100.91Cr	140.89Cr
Trading Asset Securities, Total	302.51Cr	292.89Cr	279.46Cr	337.2Cr	350Cr
Total Cash And Short Term Investments	350.91Cr	423.97Cr	376.44Cr	438.11Cr	490.89Cr
Accounts Receivable, Total	51.16L	47.95L	13.61L	13.97L	57.22L
Other Receivables	3.87Cr	7.55Cr	2.01Cr	2.71Cr	5.28Cr
Total Receivables	4.38Cr	8.03Cr	2.15Cr	2.85Cr	5.85Cr
Restricted Cash	-	-	-	-	9.3Cr
Other Current Assets, Total	79.63L	2.51Cr	11Cr	6.82Cr	1.81Cr
Total Current Assets	356.09Cr	434.52Cr	389.95Cr	447.77Cr	507.85Cr
Deferred Tax Assets Long-Term	-	2.89Cr	-	-	-
Other Long-Term Assets, Total	-	-	-	-	-
Total Assets	356.09Cr	437.41Cr	389.95Cr	447.77Cr	507.85Cr
Liabilities
Accrued Expenses, Total	12Cr	6.28Cr	14Cr	8.7Cr	8.67Cr
Current Income Taxes Payable	1.03Cr	8.38Cr	-	-	-
Other Current Liabilities	173.96Cr	254.2Cr	192.33Cr	239.28Cr	294.71Cr
Total Current Liabilities	186.92Cr	268.86Cr	206.02Cr	247.98Cr	303.38Cr
Deferred Tax Liability Non Current	12Cr	-	3.47Cr	7.6Cr	8.12Cr
Total Liabilities	198.66Cr	268.86Cr	209.49Cr	255.58Cr	311.49Cr
Common Stock, Total	121.58Cr	122.85Cr	124.25Cr	125.91Cr	127.77Cr
Retained Earnings	36Cr	46Cr	56Cr	66Cr	69Cr
Total Common Equity	157.43Cr	168.54Cr	180.46Cr	192.19Cr	196.36Cr
Total Equity	157.43Cr	168.54Cr	180.46Cr	192.19Cr	196.36Cr
Total Liabilities And Equity	356.09Cr	437.41Cr	389.95Cr	447.77Cr	507.85Cr
Supplemental Items
ECS Total Shares Outstanding on Filing Date	61Cr	61Cr	62Cr	62Cr	63Cr
ECS Total Common Shares Outstanding	61Cr	61Cr	62Cr	62Cr	63Cr
Book Value / Share	2.6	2.76	2.93	3.09	3.12
Tangible Book Value	157.43Cr	168.54Cr	180.46Cr	192.19Cr	196.36Cr
Tangible Book Value Per Share	2.6	2.76	2.93	3.09	3.12
Total Debt	0	0	0	0	0
Net Debt	-350.91Cr	-423.97Cr	-376.44Cr	-438.11Cr	-490.89Cr
Account Code - Inventory Valuation	3	3	-	3	3

Fiscal Period: June	2021	2022	2023	2024	2025
Net Income	51Cr	14Cr	16Cr	17Cr	9.95Cr
(Gain) Loss on Sale of Investments - (CF)	-84Cr	-28Cr	-33Cr	-31Cr	-28Cr
Other Operating Activities, Total	-46Cr	66Cr	80Cr	-25Cr	26Cr
Change In Accounts Receivable	18.38L	1L	35.65L	-5L	5.65Cr
Change In Accounts Payable	6.76Cr	-6.3Cr	79.04L	2.95Cr	-27.04L
Change In Income Taxes	1.03Cr	7.36Cr	-20Cr	7.44Cr	3.05Cr
Change In Deferred Taxes	20Cr	-15Cr	6.36Cr	4.13Cr	51.46L
Change in Other Net Operating Assets	-86T	-1L	-4T	57T	97T
Cash from Operations	-50Cr	39Cr	51Cr	-24Cr	16Cr
Issuance of Common Stock	-	-	-	-	-
Repurchase of Common Stock	-7.25Cr	-	-	-	-
Common Dividends Paid	-78.93L	-3.52Cr	-4.41Cr	-5.3Cr	-5.78Cr
Common & Preferred Stock Dividends Paid	-78.93L	-3.52Cr	-4.41Cr	-5.3Cr	-5.78Cr
Other Financing Activities, Total	48Cr	52Cr	-79Cr	33Cr	54Cr
Cash from Financing	40Cr	48Cr	-83Cr	27Cr	48Cr
Foreign Exchange Rate Adjustments	2.71Cr	-4.04Cr	-2.12Cr	91.6L	-8.92Cr
Net Change in Cash	-7.53Cr	83Cr	-34Cr	3.93Cr	55Cr
Supplemental Items
Cash Interest Paid	71.2L	1.25Cr	3.53Cr	7.59Cr	7.79Cr
Cash Income Tax Paid (Refund)	-	11Cr	19Cr	-5.91Cr	-49.78L
Levered Free Cash Flow	97Cr	93Cr	-47Cr	62Cr	80Cr
Unlevered Free Cash Flow	97Cr	94Cr	-45Cr	67Cr	85Cr
Change In Net Working Capital	-51Cr	-77Cr	66Cr	-46Cr	-63Cr

Fiscal Period: June	2021	2022	2023	2024	2025
Profitability
Return on Assets	15.13	4.4	5	5.09	4.44
Return on Total Capital	33.85	10.72	11.85	11.44	10.91
Return On Equity %	37.88	8.66	9.36	9.14	5.12
Return on Common Equity	37.88	8.66	9.36	9.14	5.12
Margin Analysis
Gross Profit Margin %	100	100	100	100	100
SG&A Margin	16.9	20.87	19.91	19.94	15.1
EBITA Margin %	82.73	77.46	79.21	78.97	83.97
EBIT Margin %	82.73	77.46	79.21	78.97	83.97
Income From Continuing Operations Margin %	57.85	39.08	39.1	39.43	24.64
Net Income Margin %	57.85	39.08	39.1	39.43	24.64
Net Avail. For Common Margin %	57.85	39.08	39.1	39.43	24.64
Normalized Net Income Margin	51.86	35.47	37.77	36.8	23.96
Levered Free Cash Flow Margin	108.67	258.29	-113.43	144.42	197.26
Unlevered Free Cash Flow Margin	109.18	260.55	-108.07	155.4	209.65
Asset Turnover
Asset Turnover	0.29	0.09	0.1	0.1	0.08
Short Term Liquidity
Current Ratio	1.91	1.62	1.89	1.81	1.67
Quick Ratio	1.9	1.61	1.84	1.78	1.64
Operating Cash Flow to Current Liabilities	-0.27	0.14	0.25	-0.1	0.05
Long Term Solvency
Total Liabilities / Total Assets	55.79	61.47	53.72	57.08	61.34
EBIT / Interest Expense	102.26	21.4	9.24	4.5	4.23
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	1.1T	-59.38	15.69	4.12	-6.49
Gross Profit, 1 Yr. Growth %	1.1T	-59.38	15.69	4.12	-6.49
EBITA, 1 Yr. Growth %	1.24T	-61.97	18.31	3.98	-0.57
EBIT, 1 Yr. Growth %	1.24T	-61.97	18.31	3.98	-0.57
Earnings From Cont. Operations, 1 Yr. Growth %	-2.48T	-72.56	15.74	4.3	-41.56
Net Income, 1 Yr. Growth %	-2.48T	-72.56	15.74	4.3	-41.56
Normalized Net Income, 1 Yr. Growth %	-6.67T	-72.22	23.17	0.77	-39.12
Diluted EPS Before Extra, 1 Yr. Growth %	-2.63T	-72.01	14.87	3.35	-42.12
Accounts Receivable, 1 Yr. Growth %	-23.76	-6.27	-71.62	2.65	309.59
Total Assets, 1 Yr. Growth %	41.72	22.84	-10.85	14.83	13.42
Tangible Book Value, 1 Yr. Growth %	38.03	7.06	7.07	6.5	2.17
Common Equity, 1 Yr. Growth %	38.03	7.06	7.07	6.5	2.17
Cash From Operations, 1 Yr. Growth %	-9.76	-176.64	32.43	-147.9	-157.1
Levered Free Cash Flow, 1 Yr. Growth %	-2.6T	-3.46	-150.81	-231.2	69.5
Unlevered Free Cash Flow, 1 Yr. Growth %	-3.34T	-3.07	-147.98	-248.15	63.64
Dividend Per Share, 1 Yr. Growth %	-	88.89	23.53	11.9	8.51
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	712.36	120.36	-31.45	9.38	-1.33
Gross Profit, 2 Yr. CAGR %	712.36	120.36	-31.45	9.38	-1.33
EBITA, 2 Yr. CAGR %	930.56	125.44	-32.92	10.45	1.68
EBIT, 2 Yr. CAGR %	930.56	125.44	-32.92	10.45	1.68
Earnings From Cont. Operations, 2 Yr. CAGR %	222.62	155.27	-43.65	9.87	-21.93
Net Income, 2 Yr. CAGR %	222.62	155.27	-43.65	9.87	-21.93
Normalized Net Income, 2 Yr. CAGR %	262.96	327.26	-41.5	11.41	-21.67
Diluted EPS Before Extra, 2 Yr. CAGR %	233.65	166.11	-43.29	8.96	-22.66
Accounts Receivable, 2 Yr. CAGR %	100	-15.47	-48.42	-46.02	105.04
Total Assets, 2 Yr. CAGR %	16.87	31.94	4.65	1.18	14.12
Tangible Book Value, 2 Yr. CAGR %	15.53	21.56	7.06	6.78	4.31
Common Equity, 2 Yr. CAGR %	15.53	21.56	7.06	6.78	4.31
Cash From Operations, 2 Yr. CAGR %	142.06	-16.84	0.74	-20.35	-43.72
Levered Free Cash Flow, 2 Yr. CAGR %	251.76	391	-29.97	-18.21	29.45
Unlevered Free Cash Flow, 2 Yr. CAGR %	236.26	460.47	-31.8	-15.52	36.71
Dividend Per Share, 2 Yr. CAGR %	-	-	52.75	17.57	10.19
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	60.26	199.27	77.77	-21.38	3.81
Gross Profit, 3 Yr. CAGR %	60.26	199.27	77.77	-21.38	3.81
EBITA, 3 Yr. CAGR %	65.72	243.1	81.84	-22.59	6.65
EBIT, 3 Yr. CAGR %	65.72	243.1	81.84	-22.59	6.65
Earnings From Cont. Operations, 3 Yr. CAGR %	58.42	41.87	96.1	-30.81	-10.98
Net Income, 3 Yr. CAGR %	58.42	41.87	96.1	-30.81	-10.98
Normalized Net Income, 3 Yr. CAGR %	61	54.11	182.25	-29.87	-8.92
Diluted EPS Before Extra, 3 Yr. CAGR %	62	46.06	101.12	-30.73	-11.76
Accounts Receivable, 3 Yr. CAGR %	12.65	55.35	-41.24	-35.12	6.07
Total Assets, 3 Yr. CAGR %	10.95	18.82	15.78	7.94	5.1
Tangible Book Value, 3 Yr. CAGR %	8.61	12.63	16.53	6.88	5.22
Common Equity, 3 Yr. CAGR %	8.61	12.63	16.53	6.88	5.22
Cash From Operations, 3 Yr. CAGR %	-27.02	64.98	-2.88	-21.37	-25.15
Levered Free Cash Flow, 3 Yr. CAGR %	-	128.59	130.51	-13.56	-5.11
Unlevered Free Cash Flow, 3 Yr. CAGR %	-	122.13	147.02	-11.56	-3.44
Dividend Per Share, 3 Yr. CAGR %	-	-	-	37.7	14.47
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-	-	14.1	100.09	40.28
Gross Profit, 5 Yr. CAGR %	-	-	14.1	100.09	40.28
EBITA, 5 Yr. CAGR %	-	-	15.41	118.03	43.87
EBIT, 5 Yr. CAGR %	-	-	15.41	118.03	43.87
Earnings From Cont. Operations, 5 Yr. CAGR %	-	-	4.77	28.08	35.67
Net Income, 5 Yr. CAGR %	-	-	4.77	28.08	35.67
Normalized Net Income, 5 Yr. CAGR %	-	-	7.39	35.36	69.02
Diluted EPS Before Extra, 5 Yr. CAGR %	-	-	6.45	29.91	37.22
Accounts Receivable, 5 Yr. CAGR %	-	-	-17.58	1.78	-3.14
Total Assets, 5 Yr. CAGR %	-	-	8.38	11.42	15.11
Tangible Book Value, 5 Yr. CAGR %	-	-	7.99	10.26	11.48
Common Equity, 5 Yr. CAGR %	-	-	7.99	10.26	11.48
Cash From Operations, 5 Yr. CAGR %	-	-	-16.97	23.29	-21.93
Levered Free Cash Flow, 5 Yr. CAGR %	-	-	-	51.54	83.13
Unlevered Free Cash Flow, 5 Yr. CAGR %	-	-	-	50.89	95.12