Generation Development Group (GDG) Q1 2026 TU earnings summary

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.