Navigator Global Investments (ASX:NGI) raised its adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) guidance for fiscal 2025 to $106 million to $110 million, representing growth of 17% to 22% on the prior year, according to a Thursday filing with the Australian bourse.
For the fiscal second half, the company expects adjusted EBITDA to be between $64.9 million and $68.9 million, an increase of 18% to 25% year on year. It attributed the expansion to the strong investment performance of its portfolio of partner firms, the filing stated.
Navigator Global's shares were up 6% in recent Thursday trade.
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