Perpetual Group (PPT) investor relations material

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.