Perpetual Group (PPT) Q3 2026 earnings summary

Executive summary

• Demonstrated resilience amid ongoing global equity and economic market volatility, with consistent growth in Corporate Trust and new client wins across several divisions.

• Asset Management AUM declined 3.6% to A$219.2 billion due to currency headwinds, market declines, and net outflows, though outflows moderated from the previous quarter.

• Announced sale of Wealth Management business to Bain Capital Private Equity, expected to complete later in the year.

Financial highlights

• Total AUM at 31 March 2026 was A$219.2 billion, down from A$227.5 billion at 31 December 2025.

• Net outflows were A$2.8 billion (A$4.9 billion excluding cash), with negative market movements of A$1.9 billion and unfavorable currency impacts of A$3.6 billion.

• Corporate Trust Funds Under Administration (FUA) grew 0.3% to A$1.32 trillion; Managed Funds Services FUA up 1.3% to A$588.2 billion.

• Wealth Management FUA was A$21.1 billion, down 4% from the prior quarter, with flat net flows.

Outlook and guidance

• Reconfirmed FY26 total expense growth guidance of approximately 1% to 2%, subject to exchange rates, interest rates, and variable remuneration.