EQT posts 43% growth in FUMAS



EQT Holdings has announced a 43% year-on-year growth in funds under management, administration and supervision to $144 billion for the year while the revenue has risen 5.9% to $101 million.
At the same time, net profit after tax and earnings per share increased more than 10% , helped by industry demand for an independent fiduciary model, the firm said in the announcement made to the Australian Securities Exchange (ASX).
The shareholders would receive a final dividend of 47 cents per share, bringing the total to 91 cents for the full year, up 1 cent on the prior year.
EQT’s managing director, Mick O’Brien, said the trend to outsource fiduciary services had helped to support the firm’s model and drive momentum across the business.
Following that, due to strong growth in the superannuation business, financial reporting lines would be split into three trustee service area businesses going forward including, trustee and wealth, superannuation and corporate.
“This will enable each business to focus and prosper in its areas of strength as well as improving transparency,” he said.
“Our superannuation business achieved exceptional growth during the year, with funds more than tripling from $11.2 billion to $33.6 billion. We are now trustee for more than 600,000 members across 15 superannuation funds.”
According to O’Brien, the outlook for Equity Trustees was positive.
“Our funds under management, administration and supervision growth should continue to underpin future revenue growth, while we scale up areas of the business that show the greatest scope for growth and target new areas such as innovative fund structures, debt, loan and real asset arrangements.”
Recommended for you
At least two-thirds of ETF flows are understood to be driven by intermediaries, according to Global X, as net flows into Australian ETFs spike 97 per cent in the first half of 2025.
Inflows for the first half of 2025 for GQG Partners stand at US$8 billion, but the firm has flagged fund underperformance could be a headwind for future flows.
BlackRock has announced its plan to acquire real estate investment firm ElmTree Funds which will be integrated into its new private financing solutions business.
With share price growth of 45 per cent for FY25, Australian Ethical has shared why it believes the firm has done so well compared to its active peers.