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Perpetual Limited (ASX:PPT)

ALERT: Price-sensitive ASX Announcement for PPT
Current share price for PPT : $18.980 2.38 (14.34%)+
Announcement
Release
22 Apr 2026 9:03AM
Price at Release
$16.600
Full Release
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Summary
Perpetual Limited's third quarter FY26 business update reflects a resilient performance despite ongoing market volatility. The Corporate Trust division reported consistent growth, with the Funds Under Administration increasing slightly. However, the Asset Management sector saw net outflows due to unfavorable currency exchange rates and declining markets, predominantly affecting J O Hambro and Barrow Hanley. Perpetual is pushing forward with the sale of its Wealth Management business to Bain Capital. Overall, total group assets decreased from A$227.5 billion to A$219.2 billion. The company has maintained its FY26 expense growth guidance at 1% to 2%.
Key Points
  • Perpetual Limited's third quarter FY26 update highlights resilience amidst volatile global markets.
  • Corporate Trust division showed consistent growth with a 0.3% increase in Funds Under Administration.
  • Asset Management faced net outflows of A$2.8 billion, affected by currency impacts and market decline.
  • J O Hambro and Barrow Hanley boutiques experienced significant outflows.
  • The sale of the Wealth Management business to Bain Capital is progressing.
  • Total Perpetual Group assets declined from A$227.5 billion to A$219.2 billion.
  • Perpetual reconfirms FY26 expense growth guidance of 1% to 2%.
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.