Full Year 2025 Perpetual Ltd Earnings Call Transcript
Key Points
- Perpetual Ltd (PPTTF) reported a 3% increase in total operating revenue, reaching $1.373 billion for FY25.
- The company achieved over $44 million in annualized savings, surpassing their $30 million target.
- Corporate Trust business experienced growth, with a 5% increase in funds under administration and a record year of securitization.
- The Digital and Market segment saw an 18% increase in revenue, driven by strong performance in Perpetual Intelligence SaaS products.
- Perpetual Ltd (PPTTF) announced a new group strategy focusing on simplifying the business, driving operational excellence, and investing for growth.
- Perpetual Ltd (PPTTF) reported a statutory loss after tax of $58.2 million, primarily due to an impairment related to the J O Hambro boutique.
- The asset management division faced significant net outflows of $16.2 billion over the year.
- Underlying profit after tax decreased by 1% to $204.1 million compared to FY24.
- The company experienced a decline in average revenue margins due to a shift in asset class mix.
- The wealth management business faced challenges with higher operating expenses and uncertainty regarding its ownership.
Good day, and thank you for standing by. Welcome to Perpetual full-year results briefing 2025. (Operator Instructions) Please be advised that today's conference is being recorded.
I would now like to hand the conference server to Susie Reinhardt, Head of Investor Relations. Thank you. Please go ahead.
Thank you, and good morning, everyone, and/or good afternoon or evening for those joining us from other parts of the world. Welcome to Perpetual full-year '25 results briefing.
Before we begin today, we would like to acknowledge the traditional owners and custodians of the land on which we present from today here in Sydney, the Gadigal people of the Eora, and recognize their continuing connection to land, waters, and community. We pay our respects to Australia's first peoples and to their Elders, past and present. We would also like to extend our respect and welcome to any Aboriginal or Torres Strait Islander people who are listening in today and acknowledge the traditional custodians
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