Earnings call transcript: Perpetual posts higher FY 2026 profit as sale nears
Perpetual Limited reported a 6% increase in full-year underlying profit for fiscal 2026, reaching AUD 217 million, following a lower cost structure and stronger cash generation. Diluted earnings per share rose to 186 cents, while net profit after tax improved to AUD 88.9 million from a loss of AUD 58.2 million in the previous year.
The company's total operating revenue was AUD 1.374.2 billion, similar to the previous fiscal year. The planned sale of the wealth management arm is expected to conclude in the last quarter of 2026, with an anticipated upfront cash payment of AUD 500 million and potential performance-based payments of up to AUD 100 million. Perpetual's share price increased by 0.66% to $19.71 following the earnings call.
The stock is trading near the middle of its 52-week range and has shown stability with a low beta of 0.27. The company's focus on cost control, restructuring, and the pending sale of its wealth management business contributed to the positive financial results.
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