Perpetual Group (PPT) AGM 2026 summary

Opening remarks and agenda

• Hybrid AGM opened after quorum confirmation; agenda covered FY26 financial statements, director reappointment, CEO incentive grants and the Remuneration Report.

• In-room and online polls were established; resolutions required a simple majority, with results to be released to the ASX.

Financial performance review

• FY26 underlying profit after tax was AUD 217.0m, down 16%; operating revenue was AUD 1,374.2m, flat, and underlying EPS was 186.0c, down 3%.

• Asset Management revenue was AUD 880.5m, down 3%, with underlying PBT of AUD 207.5m, up 3%; Corporate Trust revenue rose 8% to AUD 220.8m and underlying PBT rose 9% to AUD 98.8m.

• Wealth Management revenue was AUD 233.5m, down 1%, and underlying PBT fell 15% to AUD 44m; statutory NPAT was AUD 88.9m versus a AUD 58.2m loss in FY25.

• FY27 Q1 Asset Management outflows were AUD 9.6bn, or AUD 8.4bn excluding cash; September-quarter AUM was AUD 212bn, Corporate Trust FUA AUD 1.4tn and Wealth Management FUA AUD 22.1bn.

• Significant non-cash fair-value items mainly explained differences between statutory and underlying results and cash flow; underlying profit drives dividends, with closer cash-flow alignment expected in future years.

Board and executive committee updates

• Christopher Jones retired after three years on the board; a search began for an independent non-executive director.

• Fiona Trafford-Walker was reappointed with board support; she acknowledged shareholder disappointment and apologized for poor outcomes during her tenure.

• The Chair noted substantial executive-team changes, including a new CEO and CFO; the CEO said he had been in the role since September 2024.