Generation Development Group (GDG) Q1 2025 TU earnings summary

Executive summary

• Achieved record quarterly inflows of $209m, up 40% year-over-year, marking the highest in company history.

• Funds under management (FUM) reached $3.59bn as of September 2024, a 33% increase compared to the same quarter last year.

• Investment bond net inflows for the quarter were $159m, also a record high.

• Active financial advisers and sales footprint continue to expand, supported by new marketing and product initiatives.

Financial highlights

• FUM grew by $288m from June to September 2024.

• Annual sales for FY24 reached $657m, with Q1 sales at $454m.

• Investment growth for the quarter was $128.4m, compared to a loss of $36.9m in the prior year quarter.

• Withdrawals and death maturities totaled $50m for the quarter.

Outlook and guidance

• New product disclosure statement for Lifelncome and additional campaigns planned for Q2 to support further sales growth.

• Anticipated regulatory changes to superannuation from July 2025 expected to drive continued demand for investment bonds.