GQG Partners Reports $463 Million Profit, Launches US Equity ETF in 2025
GQG Partners Inc. reported a 6.3% increase in net revenue and a 7.3% rise in net profit for 2025, alongside a strategic US ETF launch and a new dividend declaration.
- Net revenue up 6.3% to $808.3 million
- Net profit attributable to shareholders rises 7.3% to $463.3 million
- Funds under management grow 7.1% to $163.9 billion despite net outflows
- Launch of first US Equity ETF on NYSE in July 2025
- Quarterly dividend declared at $0.0365 per share
Financial Performance and Growth
GQG Partners Inc. has delivered solid financial results for the year ended 31 December 2025, reporting net revenue of US$808.3 million, a 6.3% increase from the previous year. Net profit attributable to shareholders rose 7.3% to US$463.3 million, reflecting operational efficiency and steady growth in assets under management.
Despite net outflows of US$3.9 billion, GQG’s funds under management (FUM) increased by 7.1% to US$163.9 billion, driven primarily by positive investment performance. This resilience underscores the firm’s disciplined investment approach amid challenging market conditions.
Strategic Product Expansion
In a significant development, GQG launched its first US Equity exchange-traded fund (ETF) on the New York Stock Exchange in July 2025. The GQG US Equity ETF (ticker – GQGU) attracted nearly US$350 million in assets by year-end, marking an important step in diversifying the firm’s product offerings and meeting evolving investor preferences.
Additionally, the firm expanded its UCITS fund range with new launches for its Global Quality Value and US Quality Value strategies, catering to international investors seeking exposure to high-quality equities at attractive valuations.
Dividend and Shareholder Returns
Reflecting confidence in its earnings and cash flow, GQG declared a quarterly dividend of US$0.0365 per share, payable on 26 March 2026. This dividend represents approximately 90% of distributable earnings, consistent with the company’s policy to return a substantial portion of profits to shareholders.
The company maintains a strong balance sheet with US$133.4 million in cash and no debt, supporting ongoing investments in growth initiatives and shareholder distributions.
Market Position and Investment Philosophy
GQG’s leadership emphasised the firm’s long-term investment philosophy centred on capital preservation and investing in high-quality companies. The firm acknowledged short-term underperformance in 2025 due to market dynamics favouring speculative technology and AI stocks, sectors where GQG maintains a cautious stance.
Executive Chairman Rajiv Jain highlighted the firm’s commitment to adaptability and risk management, noting that current portfolios are positioned to capture consistent growth when market sentiment normalises. CEO Tim Carver reaffirmed the firm’s focus on organic growth, geographic expansion, and maintaining a strong culture aligned with client interests.
Leadership and Governance
2025 saw a leadership transition with CFO Melodie Zakaluk retiring effective 1 January 2026, succeeded by Deputy CFO Charles Falck. The company’s governance framework remains robust, with a diverse and experienced board and management team committed to sustainable growth and shareholder value.
GQG continues to prioritise corporate responsibility, diversity, and ESG integration within its investment process, reflecting a holistic approach to value creation.
Bottom Line?
GQG’s 2025 results and strategic initiatives set the stage for navigating market volatility while pursuing long-term growth and shareholder returns.
Questions in the middle?
- How will GQG’s portfolios perform if speculative market trends persist?
- What impact will the new US ETF have on the firm’s fee structure and margins?
- How will leadership changes influence GQG’s strategic direction and culture?
