March quarter update
Stock | Generation Development Group Ltd (GDG.ASX) |
---|---|
Release Time | 24 Apr 2025, 8:23 a.m. |
Price Sensitive | Yes |
Generation Development Group delivers strong Q1 performance
- Evidentia Group FUM reaches $26.8bn, up 28% YoY
- Generation Life achieves record quarterly inflows of $239m, up 55% YoY
- Lonsec Research and Ratings delivers strong revenue growth
Generation Development Group (ASX:GDG) delivered a strong performance in the March quarter, with all businesses contributing to growth despite continued market volatility. The Group remains well-positioned with a robust financial profile, strong net inflows, and clear strategic momentum. Following the successful acquisition of Evidentia Group, GDG is now the market leader across all segments of the managed accounts sector. The newly combined Evidentia Group funds under management (FUM) increased from $25.4bn in December to $26.8bn in March, with Lonsec Investment Solutions contributing $13.3bn in FUM -- up 28% on previous corresponding period (PCP) -- and net inflows of $685m, representing a year-on-year increase of over 325%. The integration of Lonsec Investment Solutions, Implemented Portfolios and Evidentia is progressing to plan, with key milestones being met. Generation Life further strengthened its leadership in the investment bonds market, reaching $3.95bn in FUM, up 23% on PCP, and achieving record quarterly inflows of $239m or up 55%. Lonsec Research and Ratings also delivered a strong result, with revenue up materially over prior period, supported by growth in private markets, equity, and income research activity.