Latest Generation Development (ASX:GDG) News

Generation Development Group (GDG) reported a striking 170% jump in underlying net profit after tax for FY25, driven by strong revenue growth and strategic acquisitions. The company’s expanding funds under management and new partnerships signal robust momentum ahead.

Generation Development Group Limited reported a remarkable 555% increase in net profit for the 2025 financial year, alongside a strategic acquisition that brings Lonsec fully under its control.

Generation Development Group reports a transformative FY25 with record Investment Bond sales and successful integration of Evidentia and Lonsec managed accounts, setting the stage for strong growth in FY26.

Generation Development Group (GDG) has forged a strategic alliance with BlackRock, combining local market leadership with global investment expertise to develop innovative retirement income solutions for Australian retirees.

Generation Development Group has successfully closed its institutional equity raising, securing $233.3 million to fund the strategic acquisition of Evidentia Group Holdings. Strong investor demand underscores confidence in GDG’s growth trajectory.

Generation Development Group (GDG) has announced a $320 million acquisition of Evidentia Group Holdings, funded by a $287.9 million equity raising. The deal positions GDG as a market leader in the rapidly expanding Managed Accounts sector with expected earnings accretion in FY26.

Generation Development Group Limited (ASX:GDG) has announced a $320 million acquisition of Evidentia Group Holdings, aiming to consolidate its position as a leader in Australia's managed accounts market. The deal is supported by a fully underwritten $287.9 million equity raising and promises immediate earnings accretion.