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Generation Development Group Limited (ASX:GDG)

ALERT: Price-sensitive ASX Announcement for GDG
Current share price for GDG : $3.290 -0.05 (-1.50%)+
Announcement
Release
23 Jul 2026 8:30AM
Price at Release
$3.340
Full Release
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Summary
The June 2026 quarterly update for Generation Development Group Limited (ASX: GDG) highlights a strong performance across its business units. Generation Life achieved record sales inflows of $442 million, and Funds Under Management (FUM) grew to $5.95 billion, a 35% increase from the previous year. A strategic alliance with Colonial First State was established, reinforcing their position in the retirement solutions market. Evidentia Group's FUM increased to $40.5 billion, up 37% year-over-year, supported by organic client growth and strategic transitions. Lonsec Research and Ratings expanded with over 2,000 products researched and increased its subscriber base by 13%. The company anticipates continued sustainable growth fueled by structural tailwinds, such as policy changes and Australia's aging population, enhancing demand for innovative financial solutions.
Key Points
  • Record quarterly sales inflows of $442 million for Generation Life.
  • Funds Under Management increased to $5.95 billion.
  • Strategic alliance with Colonial First State established.
  • Evidentia Group's FUM reached $40.5 billion, a 37% increase.
  • Lonsec Research and Ratings expanded research to over 2,000 products.
  • iRate subscribers increased by 13% to 5,629.
  • Structural and legislative tailwinds favor long-term growth.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.