Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Qualitas's retained earnings for the quarter that ended in Dec. 2025 was A$27.1 Mil.
Qualitas's quarterly retained earnings
increased
from Dec. 2024 (A$19.2 Mil) to Jun. 2025 (A$28.8 Mil) but then
declined
from Jun. 2025 (A$28.8 Mil) to Dec. 2025 (A$27.1 Mil).
Qualitas's annual retained earnings
increased
from Jun. 2023 (A$17.0 Mil) to Jun. 2024 (A$20.0 Mil) and
increased
from Jun. 2024 (A$20.0 Mil) to Jun. 2025 (A$28.8 Mil).
Qualitas (ASX:QAL) Retained Earnings Explanation
Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.
For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.
If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.
Of course, many companies with negative retained earnings have indeed lost money in the past.
Retained Earnings: Warren Buffett's Secret.
One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.
If the company loses more than it has accumulated, retained earnings is negative.
If a company isn't adding to its retained earnings, it isn't growing its net worth.
Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.
Microsoft is negative because it chose to buyback stock and pay dividends.
The more earnings retained, the faster it grows and increases growth rate for future earnings.
Qualitas Retained Earnings Historical Data
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The historical data trend for Qualitas's Retained Earnings can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.
Of course, if a company loses, it is called retained losses, or accumulated losses.
Qualitas (ASX:QAL) has a Retained Earnings of A$27.1 Mil as of Dec. 2025. Retained earnings is the amount of net income not issued to shareholders. View historical data on Qualitas and its competitors.
Is Qualitas' Retained Earnings too high?
Qualitas' current Retained Earnings is A$27.1 Mil. Overall, Qualitas has a GF Score™ of 61/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Qualitas' Retained Earnings compare to BLK and BX?
Qualitas' Retained Earnings of A$27.1 Mil can be compared against companies in the Asset Management industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Retained Earnings for an Asset Management company?
A good Retained Earnings depends on the Asset Management industry context. However, Retained Earnings should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Retained Earnings mean?
A high Retained Earnings can signal that a stock is expensive relative to its fundamentals. Retained earnings is the amount of net income not issued to shareholders. View historical data on Qualitas and its competitors. Qualitas's current Retained Earnings is A$27.1 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Qualitas stock overvalued right now?
Based on GuruFocus' analysis, Qualitas (ASX:QAL) is currently considered Modestly Overvalued. The stock's GF Value™ is A$2.83, compared to a current price of A$3.18 — trading 12.4% above its estimated fair value. The current Retained Earnings is A$27.1 Mil. Qualitas' overall GF Score™ is 61/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Retained Earnings calculated?
Retained Earnings is calculated from a company's financial statements. For Qualitas (ASX:QAL), the current Retained Earnings is A$27.1 Mil as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Qualitas (ASX:QAL) Overvalued in 2026?
Based on GuruFocus' analysis, Qualitas stock appears to be overvalued.
The current stock price of A$3.18 is trading 12.4% above its estimated GF Value™ of A$2.83.
GuruFocus considers Qualitas to be Modestly Overvalued.
Key valuation signals for ASX:QAL:
Retained Earnings: A$27.1 Mil
GF Value™: A$2.83 vs. price of A$3.18 (12.4% above fair value)
No single metric tells the full story. See the ASX:QAL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Qualitas Ltd is an alternative real estate investment manager focused on private credit and equity across commercial real estate sectors. The Group has identified two operating segments Funds Management and Direct Lending. Maximum revenue is generated from its Funds Management segment which includes all of its core Funds management activities and includes Funds management fees, performance fees, and other fee income. It also includes dividends and distributions from Qualitas' Investment and Direct Lending activities. The Direct Lending segment relates to the interest income and expenses relating to activities undertaken by the company's subsidiaries.
61GF Score
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Retained Earnings is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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