Australia's Perpetual declines on flagging goodwill impairment in its FY earnings

Perpetual

21/08/2026 06:31

** Shares of Australia's Perpetual PPT.AX fall as much as 2.4% to A$19.220, marking their biggest intraday pct loss since July 30
** Investment manager says expects to book a A$63.5 million ($45.33 million) goodwill impairment against US asset manager  Thompson, Siegel & Walmsle (TSW)
** Says a client of TSW has notified its intention to redeem about $4.6 billion from TSW's International Equity strategy, expected to occur in Q2 FY27
** Adds impairment is non-cash and does not affect PPT's liquidity, others
** Adds impairment will be recognised as significant item in FY26 statutory results
** Co's shares up 1.3% so far this week 
** YTD, stock up 4.8%, including session's moves 

($1 = 1.4010 Australian dollars)

 (Reporting by Subhalakshmi Dey in Bengaluru)
 ((Subhalakshmi.Dey@thomsonreuters.com;))