Cash flow GQG Partners Inc.

Equities

GQG

AU0000180499

Investment Management & Fund Operators

Market Closed - Australian S.E. Other stock markets 06:59:51 18/05/2026 BST			5-day change	1st Jan Change
1.575 ^AUD	-1.87%		-3.37%	-9.74%

05-15	GQG Partners Inc. - Shareholder/Analyst Call
05-12	GQG Partners' Funds Under Management Rise in April; Declares Quarterly Dividend	MT

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Published financial data: GQG PARTNERS INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	398M	437M	518M	760M	808M
Total Revenues	398M	437M	518M	760M	808M
Cost of Goods Sold, Total	52.89M	71.66M	93.03M	132M	142M
Gross Profit	345M	365M	425M	629M	667M
Selling General & Admin Expenses, Total	21.62M	33.02M	40.19M	50.75M	44.19M
Other Operating Expenses, Total	21.62M	33.02M	40.19M	50.75M	44.19M
Operating Income	323M	332M	384M	578M	622M
Interest And Investment Income	-	-	-	8.1M	6.12M
Net Interest Expenses	-	-	-	8.1M	6.12M
Other Non Operating Income (Expenses)	-438K	-90K	512K	-4.18M	793K
EBT, Excl. Unusual Items	323M	332M	385M	582M	629M
Gain (Loss) On Sale Of Investments	740K	-456K	1.98M	5.03M	479K
EBT, Incl. Unusual Items	324M	332M	387M	587M	630M
Income Tax Expense	18.87M	93.65M	104M	156M	168M
Earnings From Continuing Operations	305M	238M	283M	431M	462M
Net Income to Company	305M	238M	283M	431M	462M
Minority Interest	-	-	-	237K	1.46M
Net Income - (IS)	305M	238M	283M	432M	463M
Preferred Dividend and Other Adjustments	258M	4.39M	4.16M	6.57M	6.26M
Net Income to Common Incl Extra Items	46.44M	234M	278M	425M	457M
Net Income to Common Excl. Extra Items	46.44M	234M	278M	425M	457M
Per Share Items
Net EPS - Basic	0.02	0.08	0.1	0.15	0.16
Basic EPS - Continuing Operations	0.02	0.08	0.1	0.15	0.16
Basic Weighted Average Shares Outstanding	2.91B	2.91B	2.91B	2.92B	2.93B
Net EPS - Diluted	0.02	0.08	0.1	0.15	0.16
Diluted EPS - Continuing Operations	0.02	0.08	0.1	0.15	0.16
Diluted Weighted Average Shares Outstanding	2.95B	2.95B	2.95B	2.93B	2.93B
Normalized Basic EPS	0.07	0.07	0.08	0.12	0.13
Normalized Diluted EPS	0.07	0.07	0.08	0.12	0.13
Dividend Per Share	0.02	0.08	0.09	0.14	0.15
Payout Ratio	84.43	117.03	87.79	85.79	94.82
American Depositary Receipts Ratio (ADR)	1	1	1	1	1
Supplemental Items
EBITDA	324M	332M	385M	578M	624M
EBITA	323M	332M	384M	578M	622M
EBIT	323M	332M	384M	578M	622M
EBITDAR	-	-	-	-	-
Total Revenues (As Reported)	398M	437M	518M	760M	808M
Effective Tax Rate - (Ratio)	5.83	28.24	26.97	26.5	26.69
Current Domestic Taxes	15.45M	-	-	139M	149M
Current Foreign Taxes	-	-	-	636K	337K
Total Current Taxes	15.45M	75.97M	85.77M	140M	150M
Deferred Domestic Taxes	3.42M	17.68M	18.57M	16.01M	18.33M
Total Deferred Taxes	3.42M	17.68M	18.57M	16.01M	18.33M
Normalized Net Income	202M	208M	241M	364M	395M
Supplemental Operating Expense Items
Marketing Expenses	-	-	-	-	-
Selling and Marketing Expenses	-	-	-	-	-
General and Administrative Expenses	21.62M	33.02M	40.19M	50.75M	44.19M
Net Rental Expense, Total	-	-	-	-	-
Stock-Based Comp., COGS (Total)	800K	3.84M	3.18M	5.2M	7.58M
Stock-Based Comp., Other (Total)	131K	-	-	-	-
Total Stock-Based Compensation	931K	3.84M	3.18M	5.2M	7.58M

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	56.79M	19.48M	64.94M	94.39M	133M
Total Cash And Short Term Investments	56.79M	19.48M	64.94M	94.39M	133M
Accounts Receivable, Total	69.21M	72.5M	85.88M	120M	118M
Other Receivables	-	-	-	4.02M	64K
Notes Receivable	-	-	-	11.08M	11.96M
Total Receivables	69.21M	72.5M	85.88M	135M	130M
Prepaid Expenses	2.45M	3.49M	5.45M	10.47M	15.13M
Restricted Cash	-	-	-	1.67M	1.52M
Other Current Assets, Total	-	-	-	-	-
Total Current Assets	128M	95.47M	156M	242M	280M
Gross Property Plant And Equipment	3.94M	11.75M	19.62M	24.35M	33.04M
Accumulated Depreciation	-721K	-1.05M	-1.48M	-1.91M	-1.79M
Net Property Plant And Equipment	3.22M	10.7M	18.14M	22.44M	31.24M
Long-term Investments	8.48M	11.84M	14.81M	17.22M	18.26M
Deferred Tax Assets Long-Term	235M	217M	198M	182M	164M
Other Long-Term Assets, Total	1.19M	7.12M	2.02M	-	-
Total Assets	376M	342M	390M	464M	493M
Liabilities
Accounts Payable, Total	5.86M	6.59M	6.58M	9.36M	7.62M
Accrued Expenses, Total	4.61M	11.42M	9.16M	16.81M	11.17M
Current Portion of Leases	-	-	-	3.71M	4.36M
Current Income Taxes Payable	14.45M	135K	3.22M	-	-
Other Current Liabilities	58.01M	-	-	-	-
Total Current Liabilities	82.93M	18.15M	18.95M	29.88M	23.15M
Long-Term Leases	2.15M	10.68M	19.22M	15.75M	22.43M
Other Non Current Liabilities	-	1.05M	1.79M	3.34M	4.7M
Total Liabilities	85.08M	29.88M	39.96M	48.98M	50.29M
Common Stock, Total	2.95M	2.95M	2.95M	2.96M	2.96M
Additional Paid In Capital	241M	245M	248M	252M	258M
Retained Earnings	46.44M	63.93M	98.41M	160M	184M
Comprehensive Income and Other	-	-	-	284K	-234K
Total Common Equity	291M	312M	350M	415M	444M
Minority Interest	-	-	-	-232K	-1.36M
Total Equity	291M	312M	350M	415M	443M
Total Liabilities And Equity	376M	342M	390M	464M	493M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	2.95B	2.95B	2.95B	2.96B	2.96B
ECS Total Common Shares Outstanding	2.95B	2.95B	2.95B	2.96B	2.96B
Book Value / Share	0.1	0.11	0.12	0.14	0.15
Tangible Book Value	291M	312M	350M	415M	444M
Tangible Book Value Per Share	0.1	0.11	0.12	0.14	0.15
Tangible Book Value Per Share (As Reported)	0.02	0.03	0.05	0.08	0.1
Total Debt	2.15M	10.68M	19.22M	19.46M	26.79M
Net Debt	-54.64M	-8.8M	-45.72M	-74.93M	-107M
Debt Equivalent Oper. Leases	-	-	-	-	-
Minority Interest, Total (Incl. Fin. Div)	-	-	-	-232K	-1.36M
Equity Method Investments, Total	-	-	-	-	-
Account Code - Inventory Valuation	3	3	3	3	3
Machinery, Total	1.02M	1.02M	1.36M	2.22M	4.37M
Full Time Employees	-	154	189	236	239

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	305M	238M	283M	432M	463M
Depreciation & Amortization - CF	170K	328K	430K	429K	1.09M
Depreciation & Amortization, Total	170K	328K	430K	429K	1.09M
(Gain) Loss on Sale of Investments - (CF)	-740K	456K	-1.98M	-5.92M	65K
Stock-Based Compensation (CF)	931K	3.84M	3.18M	5.2M	7.58M
Other Operating Activities, Total	3.65M	18.11M	19.64M	14.72M	16M
Change In Accounts Payable	-582K	733K	-14K	871K	-1.74M
Change In Income Taxes	14.45M	-14.32M	3.09M	-	-3.49M
Change in Other Net Operating Assets	-21.44M	-1.79M	-11.7M	-27.67M	349K
Cash from Operations	301M	245M	295M	419M	483M
Capital Expenditure	-817K	-	-684K	-4.13M	-3.06M
Investment in Marketable and Equity Securities, Total	-	-	-	-85.86M	-
Net (Increase) Decrease in Loans Originated / Sold - Investing	-	-	-	-15M	200K
Other Investing Activities, Total	-4.06M	-3.52M	-699K	-1.05M	-227K
Cash from Investing	-4.88M	-3.52M	-1.38M	-106M	-3.08M
Short Term Debt Issued, Total	-	-	-	93.8M	-
Total Debt Issued	-	-	-	93.8M	-
Short Term Debt Repaid, Total	-	-	-	-93.8M	-
Total Debt Repaid	-	-	-	-93.8M	-
Issuance of Common Stock	890M	-	-	-	-
Repurchase of Common Stock	-865M	-	-217K	-1.18M	-1.41M
Common Dividends Paid	-257M	-278M	-248M	-370M	-439M
Common & Preferred Stock Dividends Paid	-257M	-278M	-248M	-370M	-439M
Other Financing Activities, Total	-24.71M	-	-	87.5M	-
Cash from Financing	-257M	-278M	-248M	-284M	-441M
Foreign Exchange Rate Adjustments	-	-	-	284K	-518K
Net Change in Cash	39.03M	-36.69M	45.52M	29.52M	38.81M
Supplemental Items
Cash Interest Paid	-	-	-	4.52M	-
Cash Income Tax Paid (Refund)	2.78M	95.29M	77.64M	142M	152M
Levered Free Cash Flow	254M	143M	229M	316M	388M
Unlevered Free Cash Flow	254M	143M	229M	316M	388M
Change In Net Working Capital	-51.29M	69.12M	14.53M	47.03M	6.38M
Net Debt Issued / Repaid	-	-	-	0	-

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	89.85	57.84	65.68	84.65	81.28
Return on Total Capital	113.77	67.43	69.48	89.94	86.05
Return On Equity %	172.63	78.94	85.4	112.84	107.64
Return on Common Equity	26.3	77.48	84.14	111.15	106.32
Margin Analysis
Gross Profit Margin %	86.71	83.59	82.03	82.67	82.48
SG&A Margin	5.43	7.56	7.76	6.67	5.47
EBITDA Margin %	81.32	76.11	74.34	76.06	77.15
EBITA Margin %	81.28	76.03	74.26	76	77.02
EBIT Margin %	81.28	76.03	74.26	76	77.02
Income From Continuing Operations Margin %	76.61	54.47	54.58	56.72	57.13
Net Income Margin %	76.61	54.47	54.58	56.75	57.32
Net Avail. For Common Margin %	11.67	53.47	53.78	55.89	56.54
Normalized Net Income Margin	50.73	47.51	46.48	47.85	48.85
Levered Free Cash Flow Margin	63.76	32.65	44.17	41.51	48.04
Unlevered Free Cash Flow Margin	63.76	32.65	44.17	41.51	48.04
Asset Turnover
Asset Turnover	1.77	1.22	1.42	1.78	1.69
Fixed Assets Turnover	211.33	62.78	35.9	37.48	30.11
Receivables Turnover (Average Receivables)	6.65	6.16	6.54	7.37	6.78
Short Term Liquidity
Current Ratio	1.55	5.26	8.24	8.1	12.09
Quick Ratio	1.52	5.07	7.96	7.32	10.86
Operating Cash Flow to Current Liabilities	3.63	13.52	15.57	14.03	20.86
Days Sales Outstanding (Average Receivables)	54.85	59.21	55.85	49.63	53.8
Average Days Payable Outstanding	42.43	31.7	25.83	24.85	21.89
Long Term Solvency
Total Debt/Equity	0.74	3.42	5.5	4.69	6.05
Total Debt / Total Capital	0.73	3.31	5.21	4.48	5.7
LT Debt/Equity	0.74	3.42	5.5	3.8	5.06
Long-Term Debt / Total Capital	0.73	3.31	5.21	3.63	4.77
Total Liabilities / Total Assets	22.64	8.74	10.26	10.56	10.19
Total Debt / EBITDA	0.01	0.03	0.05	0.03	0.04
Net Debt / EBITDA	-0.17	-0.03	-0.12	-0.13	-0.17
Total Debt / (EBITDA - Capex)	0.01	0.03	0.05	0.03	0.04
Net Debt / (EBITDA - Capex)	-0.17	-0.03	-0.12	-0.13	-0.17
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	74.88	9.77	18.49	46.92	6.29
Gross Profit, 1 Yr. Growth %	88.95	5.83	16.26	48.08	6.05
EBITDA, 1 Yr. Growth %	90.96	2.74	15.74	50.3	7.66
EBITA, 1 Yr. Growth %	91.08	2.69	15.72	50.36	7.56
EBIT, 1 Yr. Growth %	91.08	2.69	15.72	50.36	7.56
Earnings From Cont. Operations, 1 Yr. Growth %	81.57	-21.95	18.73	52.67	7.06
Net Income, 1 Yr. Growth %	81.57	-21.95	18.73	52.76	7.34
Normalized Net Income, 1 Yr. Growth %	90.82	2.8	15.91	51.27	8.61
Diluted EPS Before Extra, 1 Yr. Growth %	-99.52	400.93	19.4	52.78	7.25
Accounts Receivable, 1 Yr. Growth %	37.38	4.76	18.45	40.14	-2.01
Net Property, Plant and Equip., 1 Yr. Growth %	489.74	232.2	69.54	23.74	39.22
Total Assets, 1 Yr. Growth %	406.98	-9.01	13.9	19.11	6.35
Tangible Book Value, 1 Yr. Growth %	365.7	7.33	12	18.78	7.06
Common Equity, 1 Yr. Growth %	365.7	7.33	12	18.78	7.06
Cash From Operations, 1 Yr. Growth %	109.49	-18.84	20.32	42.02	15.25
Capital Expenditures, 1 Yr. Growth %	-	-	-	503.22	-25.91
Levered Free Cash Flow, 1 Yr. Growth %	-	-43.78	60.28	39.3	22.8
Unlevered Free Cash Flow, 1 Yr. Growth %	-	-43.78	60.28	39.3	22.8
Dividend Per Share, 1 Yr. Growth %	-	403.9	17.27	50.22	7.46
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	86.18	38.55	14.05	31.94	24.96
Gross Profit, 2 Yr. CAGR %	96.13	41.41	10.92	31.21	25.31
EBITDA, 2 Yr. CAGR %	102.91	40.06	9.04	31.89	27.3
EBITA, 2 Yr. CAGR %	103.11	40.08	9.01	31.91	27.26
EBIT, 2 Yr. CAGR %	103.11	40.08	9.01	31.91	27.26
Earnings From Cont. Operations, 2 Yr. CAGR %	98.6	19.04	-3.74	34.64	27.85
Net Income, 2 Yr. CAGR %	98.6	19.04	-3.74	34.67	28.05
Normalized Net Income, 2 Yr. CAGR %	102.98	40.06	9.16	32.42	28.12
Diluted EPS Before Extra, 2 Yr. CAGR %	-	-84.57	144.56	34.93	28
Accounts Receivable, 2 Yr. CAGR %	-	19.96	11.39	28.84	17.18
Net Property, Plant and Equip., 2 Yr. CAGR %	-	342.62	137.32	44.84	31.25
Total Assets, 2 Yr. CAGR %	-	114.78	1.8	16.47	12.55
Tangible Book Value, 2 Yr. CAGR %	-	123.57	9.64	15.34	12.77
Common Equity, 2 Yr. CAGR %	-	123.57	9.64	15.34	12.77
Cash From Operations, 2 Yr. CAGR %	107.92	30.59	-1.18	30.72	27.94
Capital Expenditures, 2 Yr. CAGR %	-	-	-8.5	-	111.41
Levered Free Cash Flow, 2 Yr. CAGR %	-	-	-5.08	48.77	30.9
Unlevered Free Cash Flow, 2 Yr. CAGR %	-	-	-5.08	48.77	30.9
Dividend Per Share, 2 Yr. CAGR %	-	-	143.09	32.73	27.05
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-	56.12	31.51	24.09	22.77
Gross Profit, 3 Yr. CAGR %	-	59.67	32.47	22.14	22.22
EBITDA, 3 Yr. CAGR %	-	61.72	31.44	21.35	23.32
EBITA, 3 Yr. CAGR %	-	61.81	31.44	21.35	23.29
EBIT, 3 Yr. CAGR %	-	61.81	31.44	21.35	23.29
Earnings From Cont. Operations, 3 Yr. CAGR %	-	45.47	18.94	12.26	24.74
Net Income, 3 Yr. CAGR %	-	45.47	18.94	12.28	24.87
Normalized Net Income, 3 Yr. CAGR %	-	61.79	31.5	21.7	23.91
Diluted EPS Before Extra, 3 Yr. CAGR %	-	-	-69.48	108.93	24.99
Accounts Receivable, 3 Yr. CAGR %	-	-	19.46	20.25	17.6
Net Property, Plant and Equip., 3 Yr. CAGR %	-	-	221.45	91.02	42.94
Total Assets, 3 Yr. CAGR %	-	-	73.84	7.27	13
Tangible Book Value, 3 Yr. CAGR %	-	-	77.56	12.6	12.51
Common Equity, 3 Yr. CAGR %	-	-	77.56	12.6	12.51
Cash From Operations, 3 Yr. CAGR %	-	52.11	27.08	11.52	25.35
Capital Expenditures, 3 Yr. CAGR %	-	-	-	71.57	-
Levered Free Cash Flow, 3 Yr. CAGR %	-	-	-	7.55	39.63
Unlevered Free Cash Flow, 3 Yr. CAGR %	-	-	-	7.55	39.63
Dividend Per Share, 3 Yr. CAGR %	-	-	-	107.05	23.7
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-	-	-	45.96	28.85
Gross Profit, 5 Yr. CAGR %	-	-	-	47.61	29.56
EBITDA, 5 Yr. CAGR %	-	-	-	49.06	29.77
EBITA, 5 Yr. CAGR %	-	-	-	49.11	29.75
EBIT, 5 Yr. CAGR %	-	-	-	49.11	29.75
Earnings From Cont. Operations, 5 Yr. CAGR %	-	-	-	41.03	22.43
Net Income, 5 Yr. CAGR %	-	-	-	41.05	22.5
Normalized Net Income, 5 Yr. CAGR %	-	-	-	49.33	30.13
Diluted EPS Before Extra, 5 Yr. CAGR %	-	-	-	-	-45.86
Accounts Receivable, 5 Yr. CAGR %	-	-	-	-	18.54
Net Property, Plant and Equip., 5 Yr. CAGR %	-	-	-	-	124.65
Total Assets, 5 Yr. CAGR %	-	-	-	-	46.09
Tangible Book Value, 5 Yr. CAGR %	-	-	-	-	48.07
Common Equity, 5 Yr. CAGR %	-	-	-	-	48.07
Cash From Operations, 5 Yr. CAGR %	-	-	-	43.16	27.42