Highlights from GQG Partners Inc (ASX:GQG) Half Year 2025 Earnings Call: Record Funds Under Management

Financial Performance: GQG Partners Inc reported net flows of $8 billion, increasing funds under management to $172.4 billion, with net revenue rising 11% to $403 million and net operating income growing by 12.3% to $306.8 million.

Dividends and Payouts: The company declared a dividend of 3.56 US cents per share, maintaining a 90% payout ratio of distributable earnings, and paid out $224.1 million in dividends, reflecting a 33.6% growth rate.

Market Challenges: GQG faced short-term performance challenges, particularly in frothy markets, leading to some redemption pressure in the institutional channel, although client understanding of portfolio positioning remains strong.

Operational Insights: Operating expenses increased by 7.1%, attributed to growth in funds under management and investments in human capital, while management fee margins experienced slight compression due to a shift in strategy and vehicle mix.