Perpetual Group (PPT) Q1 2027 earnings summary

Executive summary

• Corporate Trust growth was offset by Asset Management outflows; Wealth Management FUA remained stable as the Bain Capital sale process advanced.

• Corporate Trust FUA reached a record A$1.4 trillion, including A$300 billion in custody.

Financial highlights

• Asset Management AUM was A$212.0 billion at 30 September 2026, down 5.5% from 30 June; net outflows were A$9.6 billion, or A$8.4 billion excluding cash.

• AUM decline also reflected A$2.4 billion of unfavourable currency movements and A$0.4 billion of negative market movements; average AUM was A$216.7 billion vs A$220.8 billion in the June quarter.

Outlook and guidance

• Bain Capital sale completion is expected in calendar Q4 2026, subject to remaining conditions precedent, including regulatory and court approvals.

• Two US wholesale-market ETF offerings are progressing; launch timing depends on satisfactory completion of regulatory approvals.