• FUM reached US$153.0 billion as at 31 December 2024
• Net flows for the year totaled US$20.3 billion
• Positive gross and net sales in Q4 2024 despite moderate redemption pressure

GQG Partners Inc. (ARBN 651 066 330) reported its Funds Under Management (FUM) reached US$153.0 billion as at 31 December 2024, up from US$120.6 billion as at 31 December 2023. The company experienced net inflows of US$20.3 billion for the year ended 31 December 2024, of which US$2.8 billion was in the fourth quarter. However, the month of December saw net outflows of US$0.2 billion. The company noted that its institutional channel continued to see moderate redemption pressure from asset allocation and rebalancing changes. Despite this, GQG Partners believes it remains well-positioned relative to the competition with strong long-term risk-adjusted returns bolstered by its global distribution capabilities. The company reiterated that management fees continue to comprise the vast majority of its net revenue, and its management team remains highly aligned with shareholders and clients, and acutely focused on and committed to GQG's future.