RPL +4.8%: delivered a solid update alongside a CFO transition, with the numbers reinforcing the group’s earnings momentum and continued FUM growth.
FY25 Highlights
- Income from ordinary activities: $377.4m, up from A$257.5m y/y
- Funds under management: $20.9bn, up from $18.0bn y/y and ahead of consensus ($20.6bn)
- Final dividend: $0.15 per share, up from A$0.10 y/y
They also announced CFO Ian Cameron will step down, with Ilana Stringer (currently Head of Strategy) to succeed him as CFO, effective 27 March. The uplift in income highlights the operating leverage in the platform as FUM scales. FUM growth continues to be driven by a mix of performance and net inflows.
- Overall, a clean update for RPL: strong income growth, FUM ahead of expectations, a higher dividend, and an orderly CFO succession.
MM remains long & bullish RPL
Add To Hit List
