• Net flows of US$20.2 billion in 2024, nearly double 2023
• Funds under management increased 26.9% to US$153.0 billion
• Net revenue grew 46.9% to US$760.4 million, net operating income up 50.4%

GQG Partners has announced its financial results for the full year ended 31 December 2024. The company experienced net inflows of US$20.2 billion during 2024, nearly double the US$10.2 billion in net flows from 2023. Funds under management (FUM) increased 26.9% from the end of 2023 to US$153.0 billion, reflecting both strong net flows and investment performance. The growth in FUM led to a 46.9% increase in net revenue to US$760.4 million and a 50.4% increase in net operating income to US$577.9 million during 2024. The company's investment strategies continued to deliver solid long-term performance compared to their benchmarks. GQG has also announced an expansion of its targeted dividend payout ratio to 50% - 95% of distributable earnings, providing increased balance sheet flexibility. Looking ahead, the company sees continued business momentum, with FUM reaching a new high of US$160.4 billion as of 31 January 2025 and net flows of US$1.7 billion for the year-to-date period.

For the full year 2024, GQG Partners reported net revenue of US$760.4 million, an increase of 46.9% from 2023, and net operating income of US$577.9 million, an increase of 50.4% from 2023.

GQG Partners sees substantial opportunities for the business in the years ahead and is energised to try to capture them. The company may face headwinds from volatility in markets, changes in asset allocation by investors, and the overall geopolitical environment, but is committed to fighting these headwinds and continuing to invest and reinvent itself.