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Platinum Asset Management Ltd ( (AU:PTM) ) has shared an update.
Platinum Asset Management Limited reported a significant decline in its financial performance for the fiscal year ending June 2025. The company’s total revenue decreased by 23.8%, and profit from ordinary activities after income tax plummeted by 86.1%. The funds under management (FUM) also saw a substantial drop of 39%, primarily due to net outflows. Despite a reduction in expenses, the company’s statutory profit before tax decreased by $45.6 million from the previous year, and the statutory profit after tax was adversely impacted by a large non-cash accounting charge.
The most recent analyst rating on (AU:PTM) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on Platinum Asset Management Ltd stock, see the AU:PTM Stock Forecast page.
More about Platinum Asset Management Ltd
Platinum Asset Management Limited operates in the financial services industry, focusing on asset management. The company primarily offers investment management services and is known for managing a range of funds with a market focus on delivering long-term capital growth to its clients.
Average Trading Volume: 2,069,567
Technical Sentiment Signal: Buy
Current Market Cap: A$479.4M
Learn more about PTM stock on TipRanks’ Stock Analysis page.