Generation Development Group (GDG) Q2 2025 TU earnings summary

Executive summary

• Achieved outstanding performance across all three core businesses during the June quarter, marking a transformative year for the group.

• Successfully integrated Evidentia and Lonsec managed account operations ahead of plan, with 100% client retention and seven new clients acquired post-transaction.

• Generation Life recorded over $1bn in annual Investment Bond sales, a 55% year-on-year increase, and a record $317m in the final quarter, up 60% on the prior period.

• Strategic alliance with BlackRock established to accelerate innovation and expand retirement solutions.

• Business restructure completed, increasing cost base but expected to deliver significant long-term returns.

Financial highlights

• Evidentia Group funds under management (FUM) reached $29.6bn, up 49% on prior corresponding period.

• Generation Life achieved record annual Investment Bond sales inflows of $1,015m, up 55% year-on-year.

• Evidentia net inflows of $1.5bn in the quarter, a 72% year-on-year increase.

• Generation Life FUM closed at $4,403m as of June 2025, up 33% year-on-year, with $450m FUM growth in the quarter.

• Lonsec Investment Solutions FUM at $14.8bn as of June 2025, up 39% on prior period.

Outlook and guidance

• Strong pipeline of new mandates and continued innovation expected to drive growth in FY26.

• Investments in product suite and client experience to optimize capability and support sustained growth.

• New tailored managed accounts to go live over the next two quarters, with consolidated FUM reporting from FY26.