PPT posts 1H26 net profit after tax of AUD 53.9 million

Reuters
Yesterday
PPT posts 1H26 net profit after tax of AUD 53.9 million

Perpetual posted H1 FY26 revenue of AUD 697.9 million (+2.0%), underlying profit after tax attributable to equity holders of AUD 112.7 million (+12.0%) and net profit after tax of AUD 53.9 million (up by a multiple). Diluted EPS on underlying profit after tax was 97.1 cents (+9.0%), and the interim dividend was 59.0 cents per share (unfranked) to be paid on 7 April 2026. By division, H1 FY26 underlying profit before tax was AUD 106.9 million in Asset Management (+4.0%), AUD 49.0 million in Corporate Trust (+11.0%), and AUD 23.7 million in Wealth Management (-19.0%). Corporate Trust H1 FY26 revenue was AUD 108.8 million (+10.0%), including Debt Market Services revenue of AUD 46.9 million (+10.0%), Managed Funds Services revenue of AUD 46.6 million (+7.0%) and Digital & Markets revenue of AUD 15.4 million (+20.0%). Perpetual said negotiations with Bain Capital on a potential sale of its Wealth Management business continued. The group also cited improved FY26 total expense growth guidance of approximately 1% to 2%, and said its Simplification Program had delivered AUD 60 million in annualised savings as at 31 December 2025, targeting AUD 70 million to AUD 80 million by FY27. Product and platform updates included the Perpetual Diversified Income Active ETF (ASX:DIFF), which had over AUD 215 million in AUM in its first six months, and a capital raise of AUD 268 million for Perpetual Credit Income Trust $(PCI.AU)$, which had over AUD 800 million in AUM.

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