PPT.ASX: Non-cash impairment

Non-cash impairment

Stock	Perpetual Ltd (PPT.ASX)
Release Time	21 Aug 2026, 9:06 a.m.
Price Sensitive	Yes

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Perpetual Ltd Announces Non-Cash Impairment Charge

Key Points

Perpetual Ltd expects a non-cash impairment charge of A$63.5 million
Charge due to client redemption from TSW's International Equity strategy
Impairment deemed an adjusting item for FY26 results
Charge does not impact liquidity or banking covenants
Further details to be provided in FY26 results

Full Summary

Perpetual Limited (ASX:PPT) announced a non-cash impairment charge of A$63.5 million against the carrying value of goodwill for Thompson, Siegel & Walmsley LLC (TSW) due to a client's intention to redeem approximately US$4.6 billion from TSW's International Equity strategy in Q2 of FY27. The impairment charge, deemed an adjusting item, will be recognized as a Significant Item in Perpetual's FY26 statutory results. The charge is non-cash and does not affect Perpetual's liquidity, compliance with banking covenants, or impact UPAT, the financial metric on which Perpetual's dividend payout ratio is determined. Further details will be provided in the FY26 results scheduled for release on 27 August 2026.

Outlook

Perpetual Ltd will provide further information in its FY26 results, scheduled for release on 27 August 2026.