EQT to focus on core Corporate Trustee and Wealth Services

• EQT Holdings Limited to withdraw from independent superannuation trusteeship
• Decision based on strategic review of Superannuation Trustee Services business
• Anticipated one-off non-cash impairment charge of $13 million in FY26

EQT Holdings Limited, the parent company of Equity Trustees, announced its decision to exit the independent superannuation trusteeship business through its subsidiary, Equity Trustees Superannuation Limited (ETSL). This strategic move aims to refocus on its core Corporate Trustee Services and Trustee and Wealth Services businesses. The decision follows a comprehensive review considering market dynamics, regulatory shifts, and evolving client needs. The Superannuation Trustee Services business, which represented 5% of Group Net Profit Before Tax in 1H26, oversees $95 billion in Funds Under Management and generates $36 million in annualised revenue. The exit will result in a one-off non-cash impairment charge of approximately $13 million in FY26. EQT Holdings Limited will also incur additional costs related to legal and advisory services, totaling approximately $6.3 million for FY26.