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Perpetual Limited (ASX:PPT)

ALERT: Price-sensitive ASX Announcement for PPT
Current share price for PPT : $18.960 -3.18 (-14.36%)+
Announcement
Release
28 Aug 2025 9:05AM
Price at Release
$22.140
Full Release
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Summary
Perpetual Limited announced its financial results for the full year ended 30 June 2025, reporting an operating revenue of $1,373.0 million, a 3% increase from the previous year. The company faced a statutory loss after tax of $58.2 million primarily due to non-cash impairments and strategic transaction costs. The underlying profit after tax was slightly down by 1% at $204.1 million. Despite challenges, the Corporate Trust and Asset Management divisions showed growth, while Wealth Management faced revenue stagnation due to uncertainty around ownership. Perpetual's Simplification Program exceeded its savings target, achieving $44 million in annualized savings. The company also announced a refreshed group strategy focusing on simplification, operational excellence, and growth investment.
Key Points
  • Operating revenue increased by 3% to $1,373.0 million.
  • Statutory loss after tax was $58.2 million due to impairments.
  • Underlying profit after tax decreased by 1% to $204.1 million.
  • Growth in Corporate Trust and Asset Management divisions.
  • Uncertainty in Wealth Management impacted revenue growth.
  • Simplification Program achieved $44 million in savings.
  • Refreshed strategy focusing on simplification and 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.