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Perpetual Equity Investment Company (PIC) investor relations material
Perpetual Equity Investment Company AGM 2025 summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.AGM 2025 summary30 Oct, 2025
Opening remarks and agenda
Meeting covered financial and statutory reports, board elections, remuneration report for FY25, Chairman's address, investment manager update, Q&A, formal voting, and closure.
Announced withdrawal of two constitutional amendment resolutions due to likely defeat based on proxy votes.
Financial performance review
FY25 net profit after tax was $21.7 million, with a 12-month investment performance of 6.5% and a 5-year annualized return of 12.1%.
Total FY25 fully franked dividend was 8.0 cps, with an annual dividend yield of 6.6% and a grossed-up yield of 9.4%.
Profit reserve stood at $67.8 million, covering 2.2 years of dividends at the current payout rate.
Brokerage fees decreased from $1.4 million to $1.2 million, with ongoing efforts to manage costs and maintain research quality.
Portfolio delivered a 1-year return of 6.1% and a 5-year return of 11.7% p.a., closely tracking its benchmark.
Board and executive committee updates
Michael Clark and Tim Bednall stood for (re)election as Independent Non-Executive Directors, both providing detailed backgrounds and commitments.
Michael Clark to assume Chair of the Audit and Risk Committee following board changes.
Board composition includes a new non-executive director appointed in May 2025 and an executive director since May 2021.
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Next Perpetual Equity Investment Company earnings date
H1 202618 Feb, 2026
Next Perpetual Equity Investment Company earnings date
H1 202618 Feb, 2026
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Frequently asked questions
Perpetual Equity Investment Company Limited is an Australian investment company focused on providing shareholders with long-term capital growth and income through a diversified portfolio. The company invests primarily in Australian-listed equities and selectively in global stocks, aiming to generate returns through a mix of dividend income and capital appreciation. Managed by Perpetual Investment Management Limited, PIC employs a value-oriented approach, focusing on high-quality companies with strong fundamentals. The company is headquartered in Sydney, Australia, and its shares are listed on the ASX.
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