The Perpetual Ltd (ASX: PPT) share price is in focus today after the company outlined its key financial and strategic highlights at the Macquarie Australia Conference. Perpetual reported $697.9 million in revenue for the first half of FY26, with $219.2 billion in Assets Under Management (AUM) as at 31 March 2026.
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What did Perpetual report?
- Revenue of $697.9 million for 1H26 (up from $1,373.0 million FY25 full year)
- Assets Under Management (AUM) of $219.2 billion
- Market capitalisation of $2.1 billion as at 31 December 2025
- Dividend of 97.1 cents per share (cps) for 1H26, with a payout ratio of 60%
- Funds Under Administration of $1.3 trillion across key platforms
- Diluted EPS on UPAT: 97.1cps for 1H26
What else do investors need to know?
Perpetual has announced the sale of its Wealth Management division to Bain Capital Private Equity for an upfront cash payment of $500 million, with potential for a further $100 million based on business performance. The transaction aims to simplify Perpetual's business, strengthen its balance sheet, and reduce net debt to EBITDA to approximately 0.2 times after completion.
Following the sale, Perpetual will focus on Asset Management and Corporate Trust. The business highlighted steady growth in UPBT (Underlying Profit Before Tax) in Corporate Trust, strong brand presence, and a robust distribution network. The company is also delivering on its Simplification Program, targeting cost savings of $70–$80 million per annum by the end of FY27.
What did Perpetual management say?
CEO and Managing Director Bernard Reilly said:
Post-sale, Perpetual will be a simpler, stronger and more focused company. Our clear strategy is to simplify the business, deliver operational excellence and invest for growth.
What's next for Perpetual?
Looking ahead, Perpetual is investing in its multi-boutique Asset Management model with a strong global footprint and an expanded product offering, including ETFs. The company also aims to maintain its leadership in Corporate Trust services through service excellence, digital transformation, and new partnerships.
Key initiatives for the coming year include completing the Wealth Management sale, driving efficiency through cost reduction, and accelerating growth opportunities, especially in global asset management and digital solutions.
Perpetual share price snapshot
Over the past 12 months, Perpetual shares have risen 1%, trailing the S&P/ASX 200 Index (ASX: XJO) which has risen 6% over the same period.
