Omni Bridgeway Limited (ASX: OBL) has announced excellent financial and operational performance at the end of the year on 30 June 2025, which represents a game-changer on the road to becoming a capital-light fund management platform. Sydney legal finance firm reported a net profit after tax (NPAT) of A$416.8 million and increased its assets under management (AUM) to A$5.2 billion, indicating the disciplined implementation of strategic priorities. 
It was announced at the 2025 Annual General Meeting (AGM) and highlights the improved balance sheet and global legal finance leadership of Omni Bridgeway, following the historic Fund 9 deal with Ares Management, which proceeded to produce A$320 million and allowed the Company to completely pay off its debt.
Key Highlights from Omni Bridgeway FY25 Results
For the financial year ended 30 June 2025, Omni Bridgeway achieved significant growth across core performance metrics:
- Total Income: A$651.2 million (IFRS basis)
- NPAT: A$416.8 million
- Earnings per Share: A$1.23
- EBIT (OBL-only): A$287.3 million
- Cash Operating Expenses: A$84.1 million, down 6% year-on-year
- Assets Under Management: A$5.2 billion, up 29%
- Portfolio Fair Value: A$3.6 billion
- Multiple on Invested Capital (MOIC):5x across 60 completions
- Fair Value Conversion Ratio: 103%
Chairman Michael Green described FY25 as “a pivotal year” marked by disciplined transformation and sustainable growth. “The completion of the Fund 9 transaction allowed us to fully deleverage and significantly derisk our balance sheet, positioning us for scalable growth in a consolidating industry,” Green said.
Strategic Growth and Outlook in Omni Bridgeway FY25 Results
CEO Raymond van Hulst emphasised the firm’s ongoing transition toward a fund management model that enhances return on equity. “Our capital-light structure, supported by diversified third-party funding, positions us strongly amid global economic volatility and industry consolidation,” he stated.
Van Hulst added that over A$500 million in new third-party capital was raised in FY25, including through Fund 9 and the Funds 4/5 Series II. The firm now operates 10 funds globally, with continued emphasis on disciplined cost management and operational efficiency.
The Company aims for double-digit AUM growth over the next three years, supported by geographic expansion, diversification of capital sources, and increased flexibility in funding structures.
ESG Impact in Omni Bridgeway FY25 Results
Omni Bridgeway strengthened its social impact through its access to justice and its investments in line with ESG. About 72% of the grants (A$1.55 billion) went to cases that made the law more accessible to the underserved populations, and 74% (A$1.6 billion) to issues that dealt with a major societal or environmental concern.
“Our mission is to generate sustainable returns while driving meaningful impact,” said van Hulst. “We take pride in enabling fair access to justice and addressing ESG challenges through our investments.”
Regulatory Landscape and Industry Trends in Omni Bridgeway FY25 Results
The international legal finance sector is still shrinking, with various players choosing to bow out of the market because of the stricter fund avenues. Litigation funding has been endorsed by both the European Commission and the Civil Justice Council of England and Wales as a valid means of access to justice, with a recommendation to be lightly regulated.
Although some of these interest groups criticised the US, van Hulst observed that regulators in most countries across the world are becoming more aware of the critical importance of legal finance in achieving equality before the law. Omni Bridgeway will still be communicating with regulators and policymakers to promote responsible oversight and transparency in the industry.
Investor Confidence Reflected in Omni Bridgeway FY25 Results
Omni Bridgeway’s share price has risen over 50% in the past 12 months, reflecting growing investor confidence in the Company’s strategic direction. However, management acknowledged that the current valuation “has yet to fully reflect the intrinsic value” of its diversified portfolio and fund management platform.
With a market capitalisation of approximately A$461 million and shares trading at A$1.61, OBL remains focused on aligning shareholder returns with operational performance. The Company’s net tangible book value of A$1.94 per share and book value of A$2.99 per share highlight a strong underlying asset position.
Future Outlook for Omni Bridgeway FY25 Results
As Omni Bridgeway approaches its 40th anniversary in 2026, the Company plans to continue enhancing returns through disciplined growth, cost efficiency, and value realisation. Strategic priorities include achieving an FY26 opex target of A$80 million, increasing fee income to A$35 million, and closing the valuation gap between its market and book values.
“Our achievements this year give us a powerful foundation for the future,” Chairman Green concluded. “Omni Bridgeway is now a more agile, resilient, and globally recognised platform that delivers value for both investors and society.”
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Final Thoughts
Omni Bridgeway’s FY25 results underscore its successful transition into a scalable, institution-grade fund manager within the legal finance sector. With robust profitability, strong capital partnerships, and ESG-integrated growth, the company appears well-positioned to lead the next phase of industry consolidation and global market expansion.
FAQs
- What were the key highlights of Omni Bridgeway FY25 results?
Omni Bridgeway reported strong financial and operational results for FY25, achieving total income of A$651.2 million, net profit after tax of A$416.8 million, and earnings per share of A$1.23. Assets under management expanded to A$5.2 billion, driven by solid investment returns and the successful Fund 9 transaction.
- How much profit did Omni Bridgeway report in FY25?
The company delivered a net profit after tax (NPAT) of A$416.8 million for the year ended 30 June 2025, reflecting a significant improvement in profitability supported by higher investment completions and disciplined cost management.
- What is Omni Bridgeway’s total assets under management in 2025?
As of 30 June 2025, Omni Bridgeway managed A$5.2 billion in assets, across 10 global funds, representing a 29% increase from the previous year. This includes diversified legal assets across multiple jurisdictions and funding structures.
- What was the impact of the Fund 9 transaction on Omni Bridgeway?
The Fund 9 transaction, executed with Ares Management, generated A$320 million in cash proceeds, allowing Omni Bridgeway to fully repay its debt and strengthen its balance sheet. The deal also validated its fair value framework and attracted institutional-scale capital to its fund management platform.
- How did Omni Bridgeway perform compared to FY24?
Compared with FY24, Omni Bridgeway improved its operating efficiency, reduced cash opex by 6%, and expanded assets under management by 29%. The portfolio fair value rose to A$3.6 billion, and fee revenue increased by over 20%, outperforming internal growth targets.
- What are Omni Bridgeway’s strategic goals for FY26?
For FY26, Omni Bridgeway targets further cost reduction to A$80 million, fee income growth to A$35 million, and enhanced cash conversion from its fair value book. It also aims for double-digit annual AUM growth and continued expansion of third-party capital partnerships to improve returns on equity.
- What percentage of Omni Bridgeway’s portfolio supports ESG or justice initiatives?
Approximately 72% (A$1.55 billion) of Omni Bridgeway’s current commitments promote access to justice, while 74% (A$1.6 billion) address significant societal or ESG-related issues, highlighting its strong alignment with sustainable and socially responsible investment principles.
- How is Omni Bridgeway responding to global regulatory developments in legal finance?
Omni Bridgeway supports balanced and transparent regulation that enhances access to justice. In FY25, both the European Commission and the Civil Justice Council of England and Wales endorsed litigation funding as a legitimate practice, recommending light-touch supervision, a stance aligned with the company’s advocacy for fair and responsible oversight.
- What is Omni Bridgeway’s current market capitalisation and share price?
As of 28 October 2025, Omni Bridgeway’s market capitalisation was approximately A$461.49 million, with shares trading at A$1.61, reflecting a 50% increase over the past 12 months amid improving investor sentiment.
- How is Omni Bridgeway positioning itself for global growth in legal finance?
Omni Bridgeway is leveraging its capital-light fund management model to expand internationally, diversify funding sources, and strengthen its leadership in the global legal finance sector. With nearly 40 years of track record, the company aims to capitalise on industry consolidation and rising demand for litigation funding worldwide.
