Key points
- Revenue increased by 9.4% to $167m
- Profit from ordinary activities declined by 20.5% to $26,420k
- Final dividend of 20 cents per share declared
- Decision to exit Superannuation Trustee Services business
- Received unsolicited acquisition proposals from TPG and BGH
Full summary
EQT Holdings Ltd reported strong financial results for the year ended 30 June 2026, with revenue increasing by 9.4% to $167m. However, profit from ordinary activities declined by 20.5% to $26,420k, primarily due to the decision to exit the Superannuation Trustee Services (STS) business. The STS business did not perform strongly during the year due to higher legal and advisory costs associated with strategic review activities, regulatory matters, and other costs associated with governance enhancements. The result also includes a $13.1m impairment of the STS business. The Group's statutory result reflected the impact of the decision to exit the STS business. The exit process is progressing well, and the company will update the market on the exit process, including the possible sale of the STS support business, in coming months. The company declared a final dividend of 20 cents per share, fully franked, and total dividends for FY26 were 76 cents per share, representing a payout ratio of 77.1%. Additionally, EQT Holdings Ltd received unsolicited acquisition proposals from TPG and BGH, which the Board is currently evaluating.
Guidance
FY26 revenue up 9.4%, profit from ordinary activities down 20.5%, final dividend 20 cents per share
Outlook
EQT Holdings Ltd is progressing with the exit from its Superannuation Trustee Services business and will update the market on the process. The Board is evaluating unsolicited acquisition proposals from TPG and BGH.