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GQG Partners (GQG) investor relations material
GQG Partners H1 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Funds under management (FUM) reached $172.4 billion as of June 30, 2025, up 10.8% year-over-year, with $8 billion in net inflows for H1 2025 and a global client base.
Net revenue rose 11% year-over-year to $403 million, and net operating income increased 12.3% to $306.8 million.
Net income attributable to shareholders increased 14.4% to $230.2 million, with diluted EPS up 14.3% to $0.08.
All primary investment strategies outperformed benchmarks since inception, with top quintile alpha and Sharpe ratios, despite short-term underperformance.
Dividend of $0.0356 per share declared for 2Q 2025, representing a 90% payout ratio of distributable earnings.
Financial highlights
FUM grew 10.8% year-over-year from $155.6 billion to $172.4 billion.
Net income attributable to shareholders was $230.2 million, up 14.4% year-over-year.
Net operating income increased 12.3% to $306.8 million, and operating margin improved to 76.7%.
Dividend payout totaled $224.1 million, a 33.6% increase from H1 2024, with over 90% of distributable earnings paid as dividends.
No debt and cash on hand exceeded $100 million at period end.
Outlook and guidance
Continued expansion in retail managed accounts and ETF offerings, with the first active ETF launched in July 2025.
Management remains focused on sustainable high-performance outcomes, product diversification, and disciplined, risk-managed investment approach.
Margin expected to remain stable if assets stay flat; expansion possible with asset growth.
Effective tax rate best estimated by carrying forward the most recent print due to unpredictability.
Ongoing investment in talent and technology to support business growth.
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