Generation Development Group (GDG) AGM 2025 Presentation summary

FY25 performance highlights

• Revenue grew 33% to $141.3m, with underlying NPAT up 191% to $8.4m and statutory NPAT at $38.2m, a 555% increase year-on-year.

• Investment bonds FUM reached $4.4bn (up 33%), managed accounts FUM hit $29.6bn, and a fully franked dividend of 2cps was declared.

• Completed 100% acquisition of Lonsec and acquired Evidentia Group, consolidating market leadership in managed accounts and research.

• Generation Life achieved 57% market share of annual inflows in investment bonds and received top industry ratings.

• Lonsec and Evidentia contributed to strong group results, with Lonsec revenue at $72.1m and Evidentia FUM at $14.8bn by June 2025.

Strategic initiatives and outlook

• Merged Lonsec Investment Solutions and Evidentia, creating a managed accounts platform with $32.6bn FUM.

• Strategic alliance with BlackRock to drive product innovation and distribution, leveraging regulatory and market tailwinds.

• Focus on operational leverage, product and technology investment, and ongoing M&A aligned with structural and legislative trends.

• Positioned to benefit from intergenerational wealth transfer and predicted growth in managed accounts sector.

• Continued expansion of research, ratings, and managed account offerings to capture market share and deepen adviser relationships.

Business segment performance

• Generation Life reported $1,015m in investment bond sales and $25.7m in annuity sales, with 10,645 new bonds issued (up 47%).

• Lonsec delivered 22% CAGR in revenue and 47% CAGR in NPAT over four years, with 1,836 products researched in FY25.

• Evidentia’s FUM grew to $14.8bn, with underlying EBITDA of $7.8m and a multidisciplinary team supporting national reach.

• Managed accounts FUM (Lonsec + Evidentia) reached $29.6bn, reflecting strong net inflows and market share gains.

• Evidentia achieved 23.5% net flow share in FY25, with strategic collaborations and significant adviser penetration.