Australian Ethical Investment (ASX:AEF) has presented its 2026 Annual General Meeting materials, disclosing FY26 underlying profit after tax attributable to shareholders of $27.3 million, net profit after tax attributable to shareholders of $25.7 million, and total annual dividends of 18 cents per share, up 29% on the prior year.

Key Points

  • FY26 UPAT attributable to shareholders was $27.3 million, up 15% on FY25
  • FY26 NPAT attributable to shareholders was $25.7 million, up 29% on FY25
  • Total annual dividends of 18 cents per share, up 29%, including a final dividend of 10 cents per share
  • Funds under management reached $14.5 billion at 30 June 2026, up 4% year-on-year
  • Revenue of $129.5 million, up 9% on FY25, with underlying cost-to-income ratio of 69.8%, improved from 71.4% in FY25

FY26 Financial Results Disclosed at AGM

The AGM presentation, authorised by Company Secretary Karen Hughes, outlined FY26 financial results for Australian Ethical Investment. Revenue reached $129.5 million, up 9% compared to FY25. Underlying operating expenses for the consolidated group were $90.4 million, up 7%. The underlying cost-to-income ratio improved to 69.8% from 71.4% in FY25. UPAT attributable to shareholders, which does not include net profit attributable to The Foundation, rose 15% to $27.3 million. NPAT attributable to shareholders rose 29% to $25.7 million. All comparisons in the presentation were stated to be against FY25.

Funds Under Management and Six-Year Growth Trajectory

Funds under management stood at $14.5 billion as at 30 June 2026, representing a 4% increase year-on-year. The presentation disclosed six-year compound annual growth rates of 24% for FUM, 17% for revenue, 19% for diluted earnings per share on a UPAT basis, and 20% for annual dividend per share. The presentation noted inorganic growth through the Christian Super successor fund transfer and Altius Asset Management. FUM figures disclosed in the presentation show progression from $4.05 billion at 30 June 2020 to $14.50 billion at 30 June 2026.

Strategic Initiatives and Foundation Allocations

The AGM presentation cited completion of a single superannuation platform described as supporting further growth and improving member experience. The company also disclosed further enhanced investment capability, including the launching of new products in response to middle market demand, and strengthened governance and risk management across the group. The Australian Ethical Foundation allocated a record $3.4 million in FY26, bringing total allocations to $16 million since 2000. The presentation also noted 230 stewardship engagements during the period and a Global PRI Award for System Stewardship received by the company.