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Perpetual Limited ( (AU:PPT) ) has shared an update.
Perpetual Limited announced its financial results for FY25, reporting an underlying profit after tax of $204.1 million, a slight decrease from the previous year. Despite challenges such as net outflows in asset management and uncertainties in wealth management, the company saw revenue growth across its divisions, with asset management and corporate trust showing positive trends. The company also reported a statutory loss after tax due to non-cash impairments and strategic costs, but achieved significant savings through its Simplification Program. The announcement highlighted a new leadership team and ongoing strategic initiatives, including the proposed sale of its wealth management division, aimed at enhancing shareholder value.
The most recent analyst rating on (AU:PPT) stock is a Buy with a A$23.00 price target. To see the full list of analyst forecasts on Perpetual Limited stock, see the AU:PPT Stock Forecast page.
More about Perpetual Limited
Perpetual Limited is a company operating in the financial services industry, primarily focusing on asset management, corporate trust, and wealth management services. The company is known for managing substantial assets and providing financial advice, with a market focus on improving shareholder returns and strategic growth.
Average Trading Volume: 280,487
Technical Sentiment Signal: Buy
Current Market Cap: A$2.52B
Learn more about PPT stock on TipRanks’ Stock Analysis page.