Generation Development Group (GDG) Q4 2025 TU earnings summary

Executive summary

• Delivered outstanding performance across Lonsec Research & Ratings, Generation Life, and Evidentia Group during the June quarter, marking a transformative year.

• Successfully integrated Evidentia and Lonsec managed account operations ahead of plan, achieving 100% client retention and acquiring seven new clients post-transaction.

• Record annual Investment Bond sales of over $1bn for Generation Life, a 55% year-on-year increase, with a record $317m in the final quarter, up 60% on the prior period.

• Strategic alliance with BlackRock established to accelerate innovation and broaden retirement solutions.

Financial highlights

• Evidentia Group funds under management (FUM) reached $14.8bn as of 30 June 2025, up 60% year-over-year.

• Generation Life closed the year with $4.4bn in FUM, a 33% increase year-over-year, and achieved $1,015m in annual sales inflows.

• Lonsec Research & Ratings delivered 64% of new ratings on an on-demand basis, up from 46% in FY24.

• Evidentia Group achieved net inflows of $1.5bn in the quarter, a 72% year-on-year uplift.

Outlook and guidance

• Strong pipeline of new mandates and continued innovation across product suite positions the group for sustained growth in FY26.

• Investments in restructuring and capability enhancements expected to deliver significant long-term returns despite a slightly increased cost base.

• New tailored managed accounts expected to go live over the next two quarters, with consolidated FUM reporting from FY26.