Generation Development Group (GDG) Q2 2025 TU earnings summary

Executive summary

• Achieved third consecutive record quarter with over $250m gross inflows for investment bonds, marking a 61% increase year-over-year for the December quarter.

• Funds under management (FUM) reached $3.84b at December 2024, up 31% from the previous year, the highest annual FUM growth in company history.

• December 2024 was the first month to surpass $100m in gross inflows.

• Net inflows for the December quarter were $194m, the highest on record.

Financial highlights

• FUM increased by $911.5m year-over-year, closing at $3,839.6m in December 2024.

• Quarterly sales inflows were $250.4m, up 60.6% from $155.9m in December 2023.

• Investment growth for the quarter was $59.1m, down from $140.0m in the prior year quarter.

• Withdrawals and death maturities decreased year-over-year, supporting net inflow growth.

Outlook and guidance

• Plans to introduce more tax-optimised investment options with effective tax rates of 10%-15%.

• Ongoing campaign for Investment-Linked Lifetime Annuity is expected to boost the sales pipeline.