• FUM grew 7.1% to USD 163.9 billion
• Net revenue increased 6.3% to USD 808.3 million
• Net operating income increased 7.6% to USD 622.5 million

GQG Partners Inc. (the 'Company' or 'GQG Partners') today reported its results for the period ended 31 December 2025 and declared a 4Q25 dividend of USD 0.0365. The company's FUM grew 7.1% to USD 163.9 billion, driven by positive investment performance of USD 14.8 billion, partially offset by net outflows of USD 3.9 billion. Net revenue increased 6.3% to USD 808.3 million, primarily due to an increase in management fees from growth in average FUM. Net operating income rose 7.6% to USD 622.5 million, resulting in a continued strong operating margin of 77.0%. Net income increased 7.3% to USD 463.3 million. The company ended 2025 well diversified across its strategies and distribution channels. Its products are priced competitively, with an average fee realization of 48.4 basis points, making them less likely to face margin pressure compared to peers. The company's continued strong profitability is the result of strong operating leverage.

The company ended 2025 with USD 163.9 billion in FUM, a 7.1% increase over 2024. Net revenue increased 6.3% to USD 808.3 million, and net operating income rose 7.6% to USD 622.5 million.