Perpetual (ASX:PPT) has announced its first quarter FY25 business update, reporting a 3% increase in Assets Under Management (AUM) to A$222.3 billion. This growth was primarily due to positive market movements and net inflows. The company's three key segments—Asset Management, Corporate Trust, and Wealth Management—showed strong performances.
Perpetual (ASX:PPT) reported a successful first quarter for FY25, with a significant rise in Assets Under Management to A$222.3 billion. The growth was supported by net inflows and favorable market movements, although offset by negative currency impacts. The Asset Management segment saw mixed results, with strong performance from Pendal, despite outflows in Barrow Hanley and others. Corporate Trust experienced growth in Debt Market Services and Managed Funds Services, while Wealth Management enjoyed a 3% increase in Funds Under Administration. Looking forward, Perpetual remains focused on leveraging strategic mandates and expanding its service offerings, maintaining a strong position within the asset management industry.
The first quarter results reflect our solid performance across all key business segments, despite the challenges posed by currency fluctuations. Our ability to generate net inflows and leverage market movements showcases the strength of our diversified business model.