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Qualitas Limited (ASX:QAL)

ALERT: Price-sensitive ASX Announcement for QAL
Current share price for QAL : $2.470 -0.87 (-26.05%)+
Announcement
Release
20 Aug 2026 6:57PM
Price at Release
$3.340
Full Release
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Summary
In FY26, Qualitas Limited reported significant growth in its funds management operations, with a 27% increase in revenue and a record $6.5 billion deployment focused on larger investments. The company's gross operating margin reached 45%, the highest since its IPO. With over 90% of its funds under management in stable structures, Qualitas saw a 20% rise in normalised NPBT. Performance fees increased, complemented by a 46% rise in co-investment. The establishment of a European office through Starz Real Estate acquisition is expected to fuel further growth. The company anticipates continued expansion in FY27 with $2.4 billion available for deployment.
Key Points
  • Qualitas Limited achieved a record deployment of $6.5 billion in FY26, focusing on fewer, larger investments.
  • Funds management revenue increased by 27% to $85.1 million in FY26.
  • The company's funds management gross operating margin increased to 45%, the highest since its IPO.
  • Qualitas' institutional capital base supports over 90% of its FUM in permanent or closed-ended structures.
  • The company reported a 20% increase in normalised net profit before tax (NPBT) to $63.4 million.
  • Qualitas announced a total dividend of 11.25 cents per share, fully franked.
  • Performance fees from credit funds increased, with a total of $31 million in cash receipts from credit funds.
  • The acquisition of UK-based Starz Real Estate marked the establishment of Qualitas’ European office.
  • Co-investment increased by 46% to $242 million, reflecting strong deployment activity.
  • The company anticipates continued growth in FY27, with an expected increase in FEF supported by $2.4 billion in available capital.
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.