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Perpetual Equity Investment Company (PIC) investor relations material
Perpetual Equity Investment Company AGM 2026 summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Opening remarks and agenda
Hybrid AGM opened with a quorum; agenda included the Chairman’s address, investment update, Q&A and formal voting.
Business included the FY26 reports, Nancy Fox’s re-election, an advisory vote on the remuneration report and proposed Clause 15.6 amendments.
Financial performance review
FY26 net profit after tax was AUD 12.1m, lower than the prior year amid softer markets and investment performance.
FY26 return to 30 June 2026 was 2.8%, below benchmark; five-year performance was 5.0% p.a.
To 31 August 2026, returns were -1.7% for 1 year, 6.2% p.a. for 3 years, 4.4% p.a. for 5 years and 8.8% p.a. for 10 years.
Flutter Entertainment and Premier Investments weighed on performance; small- and mid-cap exposure lagged large caps as rate expectations rose.
Board and executive committee updates
Nancy Fox offered herself for re-election after nine years on the board; if re-elected, she intends to serve through the 2027 AGM before standing down.
KPMG lead audit partner Karen Hopkins completed five years in the role; Chris Wooden is to take over under auditor rotation requirements.
- FY26 profit of $12.1M supports an 8.0c fully franked dividend and a 6.8% yield.PIC
H2 2026 - Portfolio outperformed in April, but longer-term returns lag the benchmark.PIC
Trading update - Record FY24 dividend and strong five-year outperformance, despite short-term lag.PIC
H2 2024 - FY25 profit declined 23.9% with 8.0c fully franked dividends and DRP offered.PIC
H2 2025 - Net profit after tax reached $20.4M, with a 6.4% dividend yield and a 4.0 cent dividend declared.PIC
H1 2026 - Strong FY25 results, solid dividends, and portfolio strategy shifts amid market volatility.PIC
AGM 2025 - Record FY24 results, robust dividends, and a new management agreement amid inflation risks.PIC
AGM 2024 - Returned to profitability with $5.9M net profit and a 4.0 cps fully franked interim dividend.PIC
H1 2025
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