Generation Development Group reported a 23% rise in revenue to AUD 178.7 million for FY 2026, alongside an 18% increase in pro forma EBITDA to AUD 59.2 million.
Underlying net profit after tax climbed 21% to AUD 40.7 million, while profit before tax reached AUD 54.2 million. Group funds under management surged 37% to AUD 46.5 billion, supported by record net inflows of AUD 9.7 billion. Total expenses rose 26% to AUD 119.5 million.
Generation Life, the group’s flagship advisory business, posted gross inflows exceeding AUD 1.5 billion, capturing 59% of annual inflows to March 2026. The active adviser base grew to nearly 3,000 on a 12-month rolling average, with investment bonds maintaining a maturity profile of over 15 years.
Evidentia Group contributed net inflows of AUD 8.4 billion, growing 1.8 times faster than its market share over the past two years. Lonsec Research and Ratings expanded its coverage to 2,001 products, a 9% increase across funds, ETFs, and separately managed accounts.
Despite the financial performance, Generation Development Group’s shares fell 14.06% to AUD 3.30, extending declines from a 52-week high of AUD 7.77. The stock now trades near its annual low of AUD 3.23.
Group Chief Executive Officer Grant Hackett highlighted long-term ambitions to become a leading financial services company, citing the AUD 46.5 billion FUM increase and record inflows as key milestones. Chief Financial Officer Andrew Mellor described FY 2026 as an exceptional year, with profit before tax exceeding market expectations.
Looking ahead, management expects underlying operating expense growth in FY 2027 to remain near 26%, with capital expenditure projected at 5% to 15% of revenue. Monthly inflows are forecast to rise to AUD 150 million–AUD 200 million, up from AUD 120 million–AUD 150 million in FY 2026.
Evidentia’s net inflows are projected at AUD 5 billion–AUD 7 billion for FY 2027, while operating leverage improvements are not expected until FY 2028 for Evidentia and FY 2029 for Generation Life. Margins are projected to remain stable in FY 2027.
