Perpetual Group (PPT) AGM 2025 summary

Opening remarks and agenda

• Meeting opened with addresses from the Chair and CEO, outlining the agenda and key priorities for the year.

• Agenda included presentation of FY25 financial statements, re-appointment of a director, approval of CEO equity grants, and adoption of the remuneration report.

Financial performance review

• Operating revenue for FY25 was $1,373.0m, up 3% from the previous year.

• Underlying profit after tax reached $204.1m, a 1% increase year-on-year.

• Dividends declared at 115.0cps, up 3% from FY24.

• Asset Management revenue was flat, Wealth Management revenue grew 4%, and Corporate Trust revenue increased 9%.

• Group net promoter score remained strong at +53, reflecting steady client engagement.

Board and executive committee updates

• Executive committee refreshed to simplify leadership and bring in new perspectives.

• New CEO for J O Hambro boutique appointed; new executives joined in key roles including CFO and Chief Risk Officer.