Perpetual Group
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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.
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H1 2026 earnings summary26 Feb, 2026

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.

Wealth sale: Detail the $14M separation costs?
Asset Management: How to reverse net outflows?
OpEx guidance: What drives the 1-2% range?
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Frequently asked questions

Perpetual Limited is a diversified financial services company based in Australia, primarily involved in asset management, wealth management, and trustee services. The company operates through several key segments: Asset Management, Wealth Management, Corporate Trust, and Group Support Services. In its Asset Management division, Perpetual runs a global multi-boutique asset management business, offering specialized investment capabilities through various boutique brands worldwide. The Wealth Management division provides a mixture of wealth management, advisory, and trustee services to individuals, families, businesses, and not-for-profit organizations across Australia. Perpetual's Corporate Trust division offers fiduciary and digital solutions to the banking and financial services industry in Australia and Singapore, supported by Group Support Services which include corporate affairs, finance, and marketing. The company is headquartered in Sydney, New South Wales, and its shares are listed on the Australian Securities Exchange.

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