EQT Holdings Ltd
ASX:EQT
EQT Holdings Ltd
EQT Holdings Ltd. engages to provision of fund management and trustee services. The company is headquartered in Melbourne, Victoria and currently employs 251 full-time employees. The firm's segments include Trustee & Wealth Services (TWS), Superannuation Trustee Services (STS), and Corporate Trustee Services (CTS). The TWS segment offers a range of private client and philanthropic services including estate planning and management, charitable, compensation, community and personal trust services, and wealth management and advice. The STS segment offers trustee, custody and investment management services for superannuation funds. The CTS segment offers a range of fund governance and trustee services for managed investment schemes on behalf of local and international fund managers and sponsors, as well as specialized trustee services for debt, securitizations, custody and real asset arrangements for corporates. CTS operates in Australia, the United Kingdom and Republic of Ireland.
EQT Holdings Ltd. engages to provision of fund management and trustee services. The company is headquartered in Melbourne, Victoria and currently employs 251 full-time employees. The firm's segments include Trustee & Wealth Services (TWS), Superannuation Trustee Services (STS), and Corporate Trustee Services (CTS). The TWS segment offers a range of private client and philanthropic services including estate planning and management, charitable, compensation, community and personal trust services, and wealth management and advice. The STS segment offers trustee, custody and investment management services for superannuation funds. The CTS segment offers a range of fund governance and trustee services for managed investment schemes on behalf of local and international fund managers and sponsors, as well as specialized trustee services for debt, securitizations, custody and real asset arrangements for corporates. CTS operates in Australia, the United Kingdom and Republic of Ireland.
Strong Profit Growth: Net profit after tax rose to $20.5 million, up 67%, driven by robust revenue growth and margin improvement in core business segments.
Revenue Milestone: Group revenue reached $100 million for the half, an 11.8% increase and a record first-half result for the company.
Margin Resilience: EBITDA margin remained close to 33% despite elevated regulatory and litigation costs, with underlying margins in core segments improving.
FUMAS Expansion: Funds Under Management, Administration, and Supervision (FUMAS) grew to $284 billion, up 28%, mainly driven by new business in CSTS.
Dividend: Interim dividend of $0.56 declared, up $0.01 from the prior period, with a 73% payout ratio.
Superannuation Review: Board has launched a strategic review of the Superannuation Trustee Services business due to ongoing regulatory and cost pressures.
Regulatory Headwinds: Litigation and regulatory costs remain elevated, particularly related to ASIC proceedings, expected to persist into the second half.
Positive Outlook: Management remains confident in long-term growth supported by structural demand and a strong business pipeline.
