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Perpetual Limited (ASX:PPT)

ALERT: Price-sensitive ASX Announcement for PPT
Current share price for PPT : $19.475 -2.665 (-12.04%)+
Announcement
Release
28 Aug 2025 9:08AM
Price at Release
$22.140
Full Release
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Summary
Perpetual Limited's Operating and Financial Review for the financial year ending 30 June 2025 highlights its strategic focus on simplifying its business operations, delivering operational excellence, and investing for growth. The company reported an underlying profit after tax of $204.1 million, which was slightly lower than the previous year, while achieving a net loss after tax of $58.2 million due to significant non-cash impairment charges. Revenue increased by 3% to $1,373 million, driven by growth across Asset Management, Wealth Management, and Corporate Trust divisions. The company's strategy includes strengthening the balance sheet and delivering cost reductions, alongside exploring potential sales and outsourcing opportunities to improve operational efficiency. Perpetual also maintained a strong balance sheet with an increased return on equity of 12.1% for UPAT, reflecting its focus on maximizing shareholder returns.
Key Points
  • Underlying profit after tax was $204.1 million.
  • Net loss after tax of $58.2 million due to non-cash impairment charges.
  • Revenue increased by 3% to $1,373 million.
  • Growth driven by Asset Management, Wealth Management, and Corporate Trust.
  • Strategy focused on simplifying operations, delivering excellence, and growth investment.
  • Return on equity of 12.1% for UPAT.
  • Strategic focus on strengthening balance sheet and cost reduction.
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.