Generation Development Group
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Generation Development Group (GDG) investor relations material

Generation Development Group Q1 2026 TU earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q1 2026 TU earnings summary21 Apr, 2026

Executive summary

  • Delivered strong March quarter performance, partially offset by elevated market volatility in March.

  • Evidentia, Generation Life, and Lonsec benefited from structural tailwinds in Australia's wealth, retirement, and advice sectors.

  • Division 296 legislation became law, expected to accelerate demand for tax-effective investment solutions outside superannuation.

  • Continued investment in scalable growth and platform capability across all business units.

Financial highlights

  • Evidentia Group funds under management (FUM) increased to $34.8 billion, up 30% year-over-year, despite a $1.1 billion market-driven decline in the quarter.

  • Evidentia net inflows were $1.4 billion for the quarter, including a $0.3 billion mandate.

  • Generation Life quarterly sales reached $375 million, up 57% year-over-year; FUM rose to $5.3 billion, up 35%.

  • Generation Life net inflows were $310 million for the quarter.

  • Lonsec increased products researched to 1,960 as of March 2026, up from 1,823 a year earlier.

Outlook and guidance

  • Division 296 tax changes and potential capital gains tax reforms are expected to further drive demand for tax-effective investment solutions.

  • Xplore/HUB24 portfolio transition underway, expected to add over $1.5 billion in FUM by May 2026.

  • Continued focus on scalable growth, product innovation, and expanding adviser relationships.

Status of $1.5bn Xplore and HUB24 transition
Div 296 and May Budget CGT impact on bond demand
Lonsec IGS pilot results and commercial pipeline
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H2 202627 Aug, 2026
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