LCM's FY25 results reflected an unprecedented number of adverse outcomes, with six wins against six losses and three further cases losing at trial now under appeal. Net debt stood at A$69m against a A$114m facility and A$9m cash, with management now exploring strategic options including capital raises and asset sales. Liquidity remains key to continue funding cases, with total committed capital of A$269m and cA$116m left to deploy. The Group is now pivoting to a run-off model, focusing on case m ....
