• Funds Under Management of US$153.0 billion, an increase of 26.9% from 2023
• Net Revenue of US$760.4 million, an increase of 46.9% from 2023
• Net Operating Income of US$577.9 million, an increase of 50.4% from 2023

GQG Partners Inc. announced its 2024 full year results, highlighting strong financial performance across key metrics. Funds Under Management (FUM) reached US$153.0 billion, an increase of 26.9% from 2023. Net Revenue grew 46.9% to US$760.4 million, while Net Operating Income increased 50.4% to US$577.9 million. The company's four primary investment strategies all outperformed their respective benchmarks on a 3-year, 5-year, and 10-year basis. GQG's UCITS complex surpassed US$8 billion in FUM, up 35% since the end of 2023. The company continued to invest in client-facing activities, new markets, and infrastructure, with a total headcount of 236. GQG also closed on the initial US$93 million funding of its PCS Master Fund and renamed its Quality Dividend Income strategies to Quality Value to better reflect the value nature of the strategies.

The company declared a 4th quarter 2024 final dividend of US$0.0378 per share, representing a 90% payout ratio of distributable earnings. The 3rd quarter 2024 interim dividend was also US$0.0348 per share, with a 90% payout ratio. The board approved expanding the dividend payout range to 50-95% of distributable earnings.