GQG Partners Jumps 5% on Profit Growth and Dividend Boost

2 min read | February 14, 2025 11:44 AM AEDT | By Team Kalkine Media

GQG Partners Jumps 5% on Profit Growth and Dividend Boost — Image source: Shutterstock

Impressive Revenue and Earnings Growth

For the 12 months ending December 31, 2024, GQG Partners recorded a 46.9% increase in net revenue, reaching US$760.4 million. The company’s distributable earnings also experienced significant growth, jumping 50.4% to US$447.9 million.

Generous Dividend Payout

The financial performance enabled GQG Partners to boost its total dividend payout by 50.2% to 13.67 US cents per share. This includes a final quarterly dividend of 3.78 US cents per share, rewarding shareholders with a substantial return on investment.

Surging Fund Inflows and Asset Growth

CEO and executive director Tim Carver highlighted the company's positive net inflows, which nearly doubled year-over-year. "For the year ended December 31, 2024, GQG experienced net inflows of US$20.2 billion, nearly double our net flows of $10.2 billion from 2023," he said.

These inflows, along with significant investment performance, helped GQG Partners grow its total funds under management (FUM) to US$153.0 billion, reflecting a 26.9% increase from the end of 2023.

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