Perpetual Limited (PPT) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

if we advise that today's conference is being recorded. I would now like to hand the call over to your host today, Ms Suzy Reinhart. Thank you. Thank you, and good morning, everyone, and good afternoon or evening to those joining us from other parts of the world. Welcome to Perpetual's first half 25 results briefing. Before we begin today, we'd like to acknowledge the traditional owners and custodians of the land on which we present from today here in Sydney, the Gadigal people of the... and recognise their continuing connection to land, waters and community. We pay our respects to Australia's First Peoples and to their elders past and present. We would also like to extend our respect and welcome to any Aboriginal or Torres Strait Islander people who are listening in today. I acknowledge the traditional custodians of the various lands on which you all work today. Presenting for the first time is our new CEO and Managing Director, Bernard Riley, as well as Chris Green, Perpetual's Chief Financial Officer. There'll be an opportunity to ask questions at the end of the presentation. Please can we ask that we start with two questions each to ensure we have time for all analysts keen to ask questions. Before I hand over to Vern, we would like to draw your attention to the disclaimer on page two of the presentation. Vern, over to you. Thanks, Susie. Good morning, everyone, or good evening, good afternoon, and thank you for joining us today for Perpetual Group's first half 25 results briefing. Before I cover the results, I wanted to address the announcement we made on Monday of this week. We announced that the scheme with KKR agreed in May 2024 had been terminated. Despite a period of extensive engagement, we were not able to reach agreement on a revised transaction to put t...