Perpetual Group (PPT) Q4 2025 TU earnings summary

Executive summary

• Achieved growth across all three business segments: Asset Management, Corporate Trust, and Wealth Management for the quarter ended 30 June 2025.

• Asset Management AUM rose 2.5% to A$226.8 billion, driven by market rebounds and institutional mandate wins.

• Corporate Trust FUA increased 0.7% to A$1.27 trillion, supported by non-bank securitisation and custody services.

• Wealth Management FUA grew 2% to A$21.5 billion, reflecting positive equity market movements.

Financial highlights

• Total AUM reached A$226.8 billion, up from A$221.2 billion in the previous quarter.

• Net outflows of A$3.9 billion were offset by positive market movements of A$14.6 billion and negative currency impacts of A$5.1 billion.

• Barrow Hanley AUM up 2.8% to A$84.2 billion; Pendal up 4.0% to A$44.2 billion; JOHCM up 1.8% to A$36.1 billion.

• 59% of strategies outperformed benchmarks over three years, 80% over five years (gross of fees).

Outlook and guidance

• Expense growth for FY25 reaffirmed at 3–4%.

• Gross debt guidance for 30 June 2025 remains at A$740–750 million.

• Known significant items pre-tax expected in the range of A$195–205 million for FY25, excluding potential further impairments.

• Simplification Program achieved A$30 million in annualised cost savings, targeting A$70–80 million by June 2027.