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Perpetual Group (PPT) investor relations material
Perpetual Group H1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Delivered solid first half 2026 results with 2% revenue growth to AUD 697.9 million and 12% increase in underlying profit after tax to AUD 112.7 million compared to the prior year.
Statutory profit after tax rose to AUD 53.9 million, up from AUD 12.0 million in the prior year.
Interim unfranked dividend of AUD 0.59 per share declared, representing a 60% payout ratio on UPAT.
Achieved AUD 60 million in annualized savings from the simplification program, on track for AUD 70–80 million by FY 2027.
Progressed strategic simplification and continued negotiations for the sale of Wealth Management to Bain Capital.
Financial highlights
Operating revenue up 2% year-over-year to AUD 697.9 million; revenue reached AUD 704.1 million in some reports.
Underlying profit after tax up 12% to AUD 112.7 million; diluted EPS on UPAT up 9% to AUD 0.971.
Statutory net profit after tax was AUD 53.9 million.
Free cash flow for the half was AUD 33.8 million; cash at period end AUD 325.6 million.
Interim dividend payout ratio at 60% of UPAT, down from 70% prior year.
Outlook and guidance
FY 2026 expense guidance improved to 1%-2% growth, reflecting FX and cost discipline.
Effective tax rate expected to normalize at 27%-28% medium term.
2H26 dividends expected to be unfranked.
Continued focus on cost reduction, operational excellence, and investing in growth, especially in Corporate Trust and asset management innovation.
Wealth Management business being separated to operate on a standalone basis to support a potential sale.
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