2025 Annual Report

2025 EQT Holdings Limited Full Year Results
The year 2025 was one of delivery for all stakeholders, with consistent and trusted service to our clients and beneficiaries.
2025 Annual General Meeting of shareholders of EQT Holdings Limited (Company) was held as a webinar on Thursday 21 August 2025 @ 10.30 am AEST
Access to a recording of the webinar will be emailed to all registrants after the event, and available afterwards at https://eqt.com.au/investor-centre.
Equity Trustees has delivered another strong result in 2025, consolidating our position as Australia’s leading trustee company. Carol Schwartz AO, Chair

1 Underlying profit is a non-IFRS measure that is used by management to assess the performance of the business. Underlying profit has been calculated from the statutory measures and a reconciliation to statutory profit is presented on page 30 of the Directors’ Report. Non-IFRS measures have not been subject to audit or review.
2 Underlying dividend payout ratio is 79.3% in 2025 up 1%.
Notes
FUMAS – Funds under management advice and supervision
NPAT – Net Profit After Tax
NPBT – Net Profit Before Tax
UNPBT – Underlying Net Profit Before Tax
EPS – Earnings per Share
FUS – Funds Under Supervision
AUM – Assets Under Management
All percentage changes shown above are relative to FY24, unless stated otherwise.
Revenue and underlying profit results exclude the discontinued Corporate Trustee Services EU (CTS-EU) business segment.
Assets under management is included in the total funds under management, advice and supervision (FUMAS) result for the Group and business segments.