Computershare revenue falls to $3.1 billion while profit rises
Make us a preferred source
Make us a preferred source on Google
The news: Computershare has reported revenue of $3.1 billion for the past financial year, down 5.5% due to its disposal of US Mortgage Services.
Pro forma revenue, however, was up 4.4% from the year before.
Net income hit $607 million, a dramatic turnaround from the $352 million of 2024.
The numbers: Among the biggest growth areas was revenue from managing Employee Share Plans, which rose 14.1% to $504 million.
Corporate Trust revenue was up 8.5% to $978 million, while Issuer Services rose 6% to $1.251 billion.
Margin income, which is exposed to higher interest rates, fell 2.5% to $759 million.
Operating expenses grew 2.2% to $1.5 billion.
What they said: Computershare CEO Stuart Irving said: “Results are in line with the earnings guidance we upgraded in February. We are executing well on the strategic plans we made to build a simpler, higher quality and capital light Computershare, that can deliver consistent results and enduring returns for shareholders".
The source: ASX
