Generation Development Group (GDG) investor relations material

Executive summary

• Achieved record FY 2026 results with strong growth across all business segments, reinforcing market leadership in investment bonds, managed accounts, and research services.

• Strategic investments in people, technology, and partnerships supported scale, organic growth, and positioned the group to capture demographic and legislative tailwinds.

• Completed integration of managed account businesses, expanding distribution, operational scale, and adviser relationships.

Financial highlights

• Group funds under management (FUM) rose 37% to $46.5bn, driven by record net inflows of $9.7bn.

• Total revenue increased 23% to $178.7m; underlying NPAT up 21% to $40.7m; underlying EBITDA up 18% to $59.2m.

• Fully franked dividend of $0.02 per share declared for the year; underlying EPS unchanged at 10.2 cents.

• Segment revenue: Generation Life $73.9m (+34%), Evidentia $58.8m (+26%), Lonsec $45.8m (+7%).

Outlook and guidance

• Entering FY 2027 with strong momentum, recurring revenue base, and significant opportunities, especially in Generation Life, supported by demographic and legislative tailwinds.

• CapEx for Generation Life to be 5%-15% of revenue in FY 2027 and FY 2028, focused on technology modernization and scalability.

• Evidentia net inflows expected between $5-7bn, excluding mandates and market movements.

• Group underlying operating expense growth rate for FY 2027 expected to remain broadly in line with FY 2026 (26%).