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Qualitas (QAL) investor relations material
Qualitas Investor presentation summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Growth momentum and financial performance
Deployment pipeline reached $7.4bn, up 46% year-on-year, with a 4-year CAGR of 44%.
Funds under management (FUM) grew to $10.9bn, managed by over 100 professionals, with significant organic growth since IPO.
Fee earning FUM and funds management revenue both achieved a 33% CAGR since IPO.
Funds management EBITDA (excluding PF) grew at a 46% CAGR, and drawn balance sheet co-investment at 55% CAGR.
Over 400 investments since inception, with more than 360 in private credit.
Deployment pipeline and portfolio characteristics
FYTD deployment pipeline of $7.4bn includes ~$860m in non-residential and ~$760m in residual stock loans.
79% of investments by value are over $100m, and 54% are over $200m.
Large construction portfolio drives follow-on investments, offsetting portfolio churn.
Portfolio duration is lengthening, supporting recurring fee growth.
Structural differentiation and risk profile
Australian private credit is focused on real estate, with full recourse lending, minimal back-leverage, and fixed-price construction contracts.
Hard financial covenants and strong enforcement rights contrast with US market practices.
Over 90% of committed FUM is in closed-ended or listed structures, limiting redemption risk.
- Record deployment and FUM growth drive strong earnings and positive FY26 outlook.QAL
H1 202617 Feb 2026 - Record fee and margin growth drove 36% NPBT rise, with strong FY26 outlook and CRE momentum.QAL
H2 202511 Feb 2026 - Record deployment and 41% FUM growth drove 30% NPAT rise and strong FY25 outlook.QAL
H1 202511 Feb 2026 - Record capital inflow and deployment drive strong growth and robust FY25 outlook.QAL
H2 202411 Feb 2026 - Record FY24 growth, robust FY25 outlook, and all AGM resolutions passed with high approval.QAL
AGM 202412 Jan 2026 - Record FY25 earnings, 25% dividend growth, and unanimous AGM resolution support.QAL
AGM 202519 Nov 2025 - Qualitas accelerates FUM growth and private credit deployment, capitalizing on market tailwinds.QAL
Company Presentation6 Jun 2025
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