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Perpetual Limited (ASX:PPT)

ALERT: Price-sensitive ASX Announcement for PPT
Current share price for PPT : $15.910 -1.24 (-7.23%)+
Announcement
Release
26 Feb 2026 9:04AM
Price at Release
$17.150
Full Release
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Summary
Perpetual Limited's financial performance for the first half of 2026 highlights a slight increase in underlying profit before tax compared to previous periods, driven by higher average assets under management (AUM) and expense reductions through the Simplification Program. Despite challenges such as net outflows and lower performance fees, the company improved its cost-to-income ratio. Revenue from asset management decreased slightly, primarily due to lower performance fees, though management fees remained strong. The company also addressed significant items such as transaction, integration, and simplification costs, along with non-cash amortization of acquired intangibles. The financial review indicates strategic emphasis on managing expenses and leveraging improved equity markets to buffer against outflows.
Key Points
  • Underlying profit before tax increased by 4% in 1H26 compared to 1H25.
  • Higher average AUM contributed to improved financial results.
  • Expense reductions were supported by the Simplification Program.
  • Revenue from asset management slightly decreased by 1% due to lower performance fees.
  • Significant items included transaction, integration, and simplification costs.
  • Cost-to-income ratio improved to 76% in 1H26.
  • Focus on managing expenses and leveraging improved equity markets.
  • Net outflows continued to pose challenges to revenue 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.