Top Page
Perpetual Limited
(Sydney:PPT)
Perpetual Limited (PPT) vs. iShares MSCI Australia ETF (EWA)
Perpetual Limited Business Overview & Revenue Model
Perpetual Limited Financial Statement Overview
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.38B | 23.10M | 1.30B | 995.60M | 773.50M | 623.30M |
| Gross Profit | -47.90M | -47.90M | 1.14B | 878.80M | 711.40M | 310.10M |
| EBITDA | 250.70M | 140.30M | 281.60M | 217.10M | 199.20M | 162.71M |
| Net Income | -58.20M | -58.20M | -472.20M | 59.00M | 101.20M | 74.87M |
Balance Sheet | ||||||
| Total Assets | 3.42B | 3.42B | 3.40B | 3.94B | 1.75B | 1.62B |
| Cash, Cash Equivalents and Short-Term Investments | 343.20M | 343.20M | 221.30M | 427.10M | 361.70M | 311.00M |
| Total Debt | 1.13B | 1.13B | 833.70M | 825.30M | 330.70M | 249.20M |
| Total Liabilities | 1.77B | 1.77B | 1.66B | 1.57B | 820.70M | 709.80M |
| Stockholders Equity | 1.65B | 1.65B | 1.74B | 2.37B | 925.80M | 907.10M |
Cash Flow | ||||||
| Free Cash Flow | 196.40M | 196.40M | 264.60M | 109.40M | 155.80M | 106.90M |
| Operating Cash Flow | 217.10M | 217.10M | 296.40M | 134.80M | 170.80M | 120.60M |
| Investing Cash Flow | 17.40M | 17.40M | -97.90M | -244.00M | -69.20M | -478.90M |
| Financing Cash Flow | -129.20M | -129.20M | -229.30M | 221.60M | -66.60M | 344.10M |
Perpetual Limited Technical Analysis
Perpetual Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | AU$1.46B | 9.45 | 16.50% | 5.99% | -13.22% | -29.69% | |
69 Neutral | AU$659.88M | 20.42 | 8.50% | 4.63% | 4.26% | 79.41% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
65 Neutral | AU$1.65B | 19.96 | 5.59% | 6.26% | 38.64% | -21.14% | |
51 Neutral | AU$3.13B | 192.53 | 0.72% | ― | -15.63% | ― | |
50 Neutral | AU$2.16B | -36.61 | -3.34% | 6.01% | 2.87% | 87.93% | |
44 Neutral | AU$4.36B | 24.09 | 4.59% | 1.65% | -14.92% | 179.69% |
Perpetual Limited Corporate Events
Perpetual Limited has notified the market of the cessation of 44,075 PPTAA performance rights, effective 21 October 2025, as part of an update to its issued capital. The change reflects adjustments to the company’s equity-based instruments on issue, which can influence the structure of management and employee incentives as well as the overall profile of its capital base for shareholders.
The most recent analyst rating on (AU:PPT) stock is a Hold with a A$20.60 price target. To see the full list of analyst forecasts on Perpetual Limited stock, see the AU:PPT Stock Forecast page.
Perpetual Limited and its related entities have notified Maas Group Holdings Limited that they have ceased to be a substantial holder in the company as of 6 January 2026, following changes in their relevant interests in MGH voting securities since their last substantial holding notice in October 2025. The move signals that Perpetual’s aggregate holding in Maas Group has fallen below the substantial shareholder threshold, potentially altering the company’s share register dynamics and reducing Perpetual’s influence over shareholder voting outcomes at the construction and industrial services group.
The most recent analyst rating on (AU:PPT) stock is a Hold with a A$22.40 price target. To see the full list of analyst forecasts on Perpetual Limited stock, see the AU:PPT Stock Forecast page.
Perpetual Limited has provided an update on its ongoing exclusive negotiations with Bain Capital Private Equity regarding the potential sale of its Wealth Management business. While discussions have progressed positively and exclusivity has been extended to early 2026, no binding agreement has been reached, and the transaction’s completion remains uncertain. Perpetual emphasizes transparency and will keep stakeholders informed in line with disclosure obligations. The potential sale reflects strategic positioning within the market to focus on its core operations and adapt to evolving business priorities.
The most recent analyst rating on (AU:PPT) stock is a Hold with a A$22.40 price target. To see the full list of analyst forecasts on Perpetual Limited stock, see the AU:PPT Stock Forecast page.
Perpetual Limited has announced that it has ceased to be a substantial holder in Qualitas Limited as of December 15, 2025. This change in substantial holding reflects a shift in Perpetual Limited’s investment strategy or portfolio management, which could impact its influence over Qualitas Limited’s voting securities and overall market positioning.
The most recent analyst rating on (AU:PPT) stock is a Hold with a A$22.40 price target. To see the full list of analyst forecasts on Perpetual Limited stock, see the AU:PPT Stock Forecast page.
Perpetual Limited has announced the quotation of 577,000 ordinary fully paid securities on the Australian Securities Exchange (ASX) under the code PPT. This move is part of an employee incentive scheme, indicating a strategic effort to enhance employee engagement and align interests with company performance.
The most recent analyst rating on (AU:PPT) stock is a Hold with a A$22.40 price target. To see the full list of analyst forecasts on Perpetual Limited stock, see the AU:PPT Stock Forecast page.
Perpetual Limited has announced that it has ceased to be a substantial holder in Select Harvests Limited as of November 27, 2025. This change in substantial holding may impact Perpetual Limited’s influence over Select Harvests Limited’s voting securities, potentially affecting the company’s strategic decisions and stakeholder interests.
The most recent analyst rating on (AU:PPT) stock is a Hold with a A$22.40 price target. To see the full list of analyst forecasts on Perpetual Limited stock, see the AU:PPT Stock Forecast page.
Perpetual Limited has announced a change in the director’s interest notice, specifically concerning Bernard Reilly, the CEO and Managing Director. The notice details the allocation of share rights and performance rights to Mr. Reilly under Perpetual’s KMP variable incentive plan, which was approved by shareholders at the 2025 Annual General Meeting. The allocation includes 18,271 share rights and 55,788 performance rights, with specific vesting dates and conditions tied to the company’s Total Shareholder Return hurdles. This move aligns with Perpetual’s strategy to incentivize leadership performance and align management interests with shareholder value.
The most recent analyst rating on (AU:PPT) stock is a Hold with a A$22.40 price target. To see the full list of analyst forecasts on Perpetual Limited stock, see the AU:PPT Stock Forecast page.
Perpetual Limited has announced the issuance of 989,513 performance rights under an employee incentive scheme, which are unquoted and subject to transfer restrictions until the restriction period ends. This move is part of the company’s strategy to incentivize and retain key employees, potentially impacting its operational dynamics and aligning employee interests with company performance, which could strengthen its position in the financial services market.
The most recent analyst rating on (AU:PPT) stock is a Hold with a A$22.40 price target. To see the full list of analyst forecasts on Perpetual Limited stock, see the AU:PPT Stock Forecast page.
Perpetual Limited announced the quotation of 170,000 ordinary fully paid securities on the Australian Securities Exchange (ASX) as part of an employee incentive scheme. This move is expected to enhance employee engagement and align their interests with the company’s growth objectives, potentially impacting its market position positively.
The most recent analyst rating on (AU:PPT) stock is a Hold with a A$22.40 price target. To see the full list of analyst forecasts on Perpetual Limited stock, see the AU:PPT Stock Forecast page.
Perpetual Limited has entered into an Exclusivity Deed with Bain Capital Private Equity to explore the potential sale of its Wealth Management business. While there is no certainty of a binding agreement or transaction, Perpetual will keep shareholders informed as part of its continuous disclosure obligations.
The most recent analyst rating on (AU:PPT) stock is a Hold with a A$22.40 price target. To see the full list of analyst forecasts on Perpetual Limited stock, see the AU:PPT Stock Forecast page.
Perpetual Limited has announced that it has ceased to be a substantial holder in Reliance Worldwide Corporation Limited as of October 30, 2025. This change in substantial holding may impact Perpetual’s investment strategy and influence its market positioning, while stakeholders of Reliance Worldwide Corporation may experience shifts in shareholder dynamics.
The most recent analyst rating on (AU:PPT) stock is a Hold with a A$22.40 price target. To see the full list of analyst forecasts on Perpetual Limited stock, see the AU:PPT Stock Forecast page.
Perpetual Limited held its Annual General Meeting on October 23, 2025, where all resolutions were passed by poll. Notably, Resolution 4 was not put to the meeting as it was contingent on a specific voting outcome for Resolution 3, which did not occur. The meeting results reflect strong shareholder support for the company’s leadership and strategic direction, as evidenced by the approval of key resolutions concerning executive remuneration and appointments.
The most recent analyst rating on (AU:PPT) stock is a Hold with a A$22.40 price target. To see the full list of analyst forecasts on Perpetual Limited stock, see the AU:PPT Stock Forecast page.
Perpetual Limited’s 2025 Annual General Meeting highlighted the company’s strategic shift and operational improvements under the leadership of CEO Bernard Reilly. The company has made significant progress in reducing costs and enhancing operational efficiencies, particularly after terminating a planned acquisition by KKR, and continues to operate as a diversified financial services business.
The most recent analyst rating on (AU:PPT) stock is a Hold with a A$22.40 price target. To see the full list of analyst forecasts on Perpetual Limited stock, see the AU:PPT Stock Forecast page.
Perpetual Limited has addressed media speculation regarding the proposed sale of its Wealth Management business, initially announced in February 2025. The company is actively progressing with the sale and is in discussions with multiple interested parties, ensuring that shareholders and the market are kept informed according to its disclosure obligations.
The most recent analyst rating on (AU:PPT) stock is a Hold with a A$22.40 price target. To see the full list of analyst forecasts on Perpetual Limited stock, see the AU:PPT Stock Forecast page.
Perpetual Limited announced a correction to its Q1 FY26 Business Update, clarifying an error in the classification of Fixed Income and Cash Assets Under Management. The correction does not affect the total Assets Under Management or net flows, ensuring stakeholders that the overall financial position remains stable.
The most recent analyst rating on (AU:PPT) stock is a Hold with a A$21.60 price target. To see the full list of analyst forecasts on Perpetual Limited stock, see the AU:PPT Stock Forecast page.
Perpetual Limited reported a solid first quarter for FY26, with growth across its three business lines: asset management, corporate trust, and wealth management. The asset management division saw an increase in assets under management due to strong global equity market returns and product innovation, including the launch of a new ETF. The corporate trust business continued to grow its funds under administration, while the wealth management segment, despite being up for sale, also reported growth. The company’s strategic moves, such as appointing a new CEO for J O Hambro and expanding its digital and markets segment, are aimed at enhancing its market position and providing diversification opportunities.
The most recent analyst rating on (AU:PPT) stock is a Hold with a A$21.60 price target. To see the full list of analyst forecasts on Perpetual Limited stock, see the AU:PPT Stock Forecast page.
Perpetual Limited has announced that it has ceased to be a substantial holder in Viva Energy Group Limited as of October 13, 2025. This change in holding may impact Perpetual’s investment strategy and influence its market positioning, while stakeholders in Viva Energy could see shifts in shareholder dynamics.
The most recent analyst rating on (AU:PPT) stock is a Hold with a A$22.50 price target. To see the full list of analyst forecasts on Perpetual Limited stock, see the AU:PPT Stock Forecast page.