EQT Holdings' 26% Growth: A Year in Review

Investors in EQT Holdings (ASX:EQT) have enjoyed a 26% return over the past year, driven by strategic investments and transformative initiatives. The company's acquisition of Australian Executor Trustees (AET) in July 2023 has been a significant catalyst for growth, contributing to a 23.1% increase in revenue and a 13.8% increase in underlying net profit after tax. The integration of AET has exceeded expectations, positioning EQT well to win new clients and opportunities.

EQT's strategic focus and investments have also supported organic growth momentum. The company's technology and transformation initiatives have enabled it to streamline operations, improve efficiency, and enhance client experiences. This has resulted in a strong pipeline of new business activity and positive client satisfaction outcomes.

Despite a 28.3% increase in expenses, primarily due to investments in staff and persistent inflation, Equity Trustees' underlying net profit after tax grew 13.8% to $37.9 million. The company's final dividend was 53 cents per share, bringing total dividends for the year to 104 cents.

Looking ahead, EQT Holdings' outlook is positive, with market-leading positions and strong business pipelines. The company's transformed structure, enhanced digital capability, and enlarged footprint provide a solid foundation for further growth. The scaling down of one-off costs related to the integration of AET and substantial technology investments, as well as the exit from Ireland and the UK, should benefit the company's future performance.


EQT Holdings' strategic investments and transformative initiatives have driven its growth over the past year. The acquisition of AET and the company's focus on technology and digital transformation have enabled it to expand its service offerings, attract new clients, and drive organic growth.


As EQT Holdings continues to execute its strategic plan, investors can expect the company to build on its strong performance and deliver further growth in the coming years. With its market-leading positions, strong business pipelines, and solid foundation for growth, EQT Holdings is well-positioned to continue generating value for shareholders.