Appendix 4E and 2024 Annual Report

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Stock GQG Partners Inc (GQG.ASX)
Release Time 14 Feb 2025, 8:23 a.m.
Price Sensitive Yes
 GQG Partners Inc Reports 2024 Annual Results
Key Points
  • Revenue up 46.9% to $760.4 million
  • Net income up 52.8% to $431.6 million
  • Declared final dividend of $0.0378 per CHESS Depositary Interest
  • Added new Private Capital Solutions team, expanding into private markets
Full Summary

GQG Partners Inc. reported its results for the year ended 31 December 2024, with revenue from ordinary activities up 46.9% to $760.4 million and income from ordinary activities after tax attributable to shareholders up 52.8% to $431.6 million. The company declared a final dividend of $0.0378 per CHESS Depositary Interest, payable on 27 March 2025. GQG also added a new team to focus on investing in private markets, the first time the company has undertaken the recruitment of a full team to build a business around. The Executive Chairman noted that the new Private Capital Solutions (PCS) business will continue to be invested in, as the company looks to grow and diversify its offerings. The Board of Directors saw a change, with Paul Greenwood stepping down as an Independent Director to take on an executive role with the PCS business, and Bryan Weeks being appointed as a new Independent Board Member. The Chief Executive Officer highlighted the company's strong investment performance, with each of the four flagship strategies outperforming their benchmarks and peer groups on a trailing three, five-year, and since-inception basis, with lower volatility.

Guidance

GQG Partners Inc. reported revenue of $760.4 million and net income of $431.6 million for the year ended 31 December 2024, representing year-over-year increases of 46.9% and 52.8%, respectively.

Outlook

The company remains committed to perpetuating its unique culture and delivering world-class client service and results for shareholders. GQG will continue to invest in the Private Capital Solutions business to grow and diversify its offerings, and will also look to deploy its financial and strategic resources to invest in other business opportunities that can provide long-term growth and diversification.