• Diversified financial services group with leading positions in Investment Bonds, Managed Accounts, and Research & Ratings
• Sustained growth in Generation Life, supported by legislative tailwinds and increasing demand for tax-effective and longevity solutions
• Execution of strategic alliance and integrated platform capability, including initiatives with BlackRock

Generation Development Group (GDG) has reported strong financial results for the half-year ended 31 December 2025 (HY26), with revenue growth of 34.6% to $88.4 million and underlying profit after tax up 62.5% to $20.1 million. The group's diversified business model, with leading positions in Investment Bonds, Managed Accounts, and Research & Ratings, has delivered robust performance across the portfolio. Generation Life, the group's investment bonds business, saw a 34.5% increase in funds under management (FUM) to $5.2 billion, driven by strong net inflows. The Managed Accounts division also delivered exceptional growth, with FUM increasing 171.7% to $34.5 billion, reflecting the successful integration of the Evidentia Group acquisition and continued momentum in the broader managed accounts sector. The group's research and ratings business, Lonsec, reported a 29.2% increase in underlying EBIT, highlighting the strength of its independent research capabilities and market-leading position.Looking ahead, GDG is well-positioned to capitalize on structural tailwinds in the retirement, advice, and platform adoption sectors. The group is focused on executing its strategic priorities, including deepening client relationships, refining its operating model, and leveraging technology and partnerships to drive growth. This includes initiatives with BlackRock to support distribution and product development, as well as the continued integration and embedding of platform and product capabilities to enhance efficiency, innovation, and growth.The group is also actively reviewing the market for high-growth opportunities that align with its strategic priorities, with a disciplined approach to evaluating acquisitions that can enhance its capabilities, expand its client reach, and drive long-term shareholder value.

Generation Development Group expects sustained growth in Generation Life, supported by legislative tailwinds and increasing demand for tax-effective and longevity solutions. The group also expects to see increased Managed Accounts growth, including completed mandate transitions in Q3, with FUM growth expected to be higher in the second half. Lonsec Research is expected to continue expanding its product coverage, including the launch of investment governance solutions.

Generation Development Group is well-positioned to capitalize on structural tailwinds in the retirement, advice, and platform adoption sectors. The group will continue to execute on its strategic priorities, including deepening client relationships, refining its operating model, and leveraging technology and partnerships to drive growth. The group will also actively review the market for high-growth opportunities that align with its strategic priorities, with a disciplined approach to evaluating acquisitions.