Perpetual
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Perpetual (PPT) investor relations material

Perpetual Q2 2026 TU earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q2 2026 TU earnings summary28 Jan, 2026

Executive summary

  • Mixed performance across divisions: Corporate Trust grew, Asset Management saw net outflows, and Wealth Management remained stable amid ongoing sale discussions.

  • New product launches in Australian Asset Management attracted positive flows, while international boutiques faced outflows and mandate losses.

Financial highlights

  • Total Assets Under Management (AUM) at 31 December 2025 was A$227.5 billion, down 1.9% from A$232.0 billion at 30 September 2025.

  • Net outflows totaled A$7.8 billion (A$6.6 billion excluding cash), with unfavorable currency movements of A$2.1 billion, partially offset by positive market movements of A$5.4 billion.

  • Performance fees of A$10 million expected for 1H26, mainly from J O Hambro and Perpetual Asset Management.

Outlook and guidance

  • Expense growth for FY26 is tracking positively against guidance of 2% to 3%; 1H26 expense growth will be lower than full-year guidance.

  • No impairments expected for 1H26; significant items (post-tax) anticipated between A$54 million and A$63 million.

  • Further update on Wealth Management sale expected with half-year results in February 2026.

Which AM strategies drove the A$7.8bn net outflows?
What are the key remaining steps for Wealth sale
Identify specific drivers for Corporate Trust FUA growth
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Frequently asked questions

Perpetual Limited is a diversified financial services company based in Australia, primarily involved in asset management, wealth management, and trustee services. The company operates through several key segments: Asset Management, Wealth Management, Corporate Trust, and Group Support Services. In its Asset Management division, Perpetual runs a global multi-boutique asset management business, offering specialized investment capabilities through various boutique brands worldwide. The Wealth Management division provides a mixture of wealth management, advisory, and trustee services to individuals, families, businesses, and not-for-profit organizations across Australia. Perpetual's Corporate Trust division offers fiduciary and digital solutions to the banking and financial services industry in Australia and Singapore, supported by Group Support Services which include corporate affairs, finance, and marketing. The company is headquartered in Sydney, New South Wales, and its shares are listed on the Australian Securities Exchange.

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