ASX ANNOUNCEMENT: Qualitas Limited (ASX:QAL) AI Initiatives Investor Briefing
26 June 2026
Qualitas AI initiatives update and upgrade to long-term Australian segment funds management EBITDA margin target1
Qualitas Limited (ASX:QAL) (Qualitas or Company) is pleased to provide investors with an update on our AI initiatives including our proprietary AI platform.
At our 2023 Investor Day, we announced a long-term funds management EBITDA margin target for our Australian business of greater than 50%. Reflecting a combination of expected operational efficiency factors and the potential benefits of our AI initiatives, we are upgrading our long-term target and now target to achieve a funds management EBITDA margin for the Australian business of greater than 60% over the long-term1.
INVESTOR BRIEFING
The investor briefing was held today with Andrew Schwartz (Group Managing Director and Co-Founder), Philip Dowman (Group Chief Financial Officer) and Dr. Michael Kollo (Chief AI Transformation Officer). Please use the link here to access the webcast replay.
Authorised for release by the Board of Directors of the Company.
About Qualitas
Qualitas Limited ACN 655 057 588 (Qualitas) is an ASX-listed Australian alternative investment manager offering clients domestic and global investment strategies across real assets and private credit. With approximately $10.9 billion of committed funds under management2 , Qualitas matches global capital with access to attractive risk-adjusted investments for institutional, wholesale and retail clients. Qualitas offers flexible capital solutions for its partners, creating long-term value for shareholders, and the communities in which it operates. For 18 years, Qualitas has been investing through market cycles to finance assets, now with a combined value of over $40 billion across all real estate sectors2. Qualitas focuses on real estate private credit, opportunistic real estate private equity, income producing commercial real estate and build-to-rent residential. The broad platform, complementary debt and equity investing skillset, deep industry knowledge, long-term partnerships, and diverse and inclusive team provides a unique offering in the market to accelerate business growth and drive performance for shareholders.
For more information, please contact:
| Investor enquiries
Nina Zhang Head of Investor Relations P: +61 3 9612 3939 E: nina.zhang@qualitas.com.au |
Media enquiries
Kate Stokes Head of Marketing and Communications P: +61 3 9612 3936 E: kate.stokes@qualitas.com.au |
Investor website: investors.qualitas.com.au/investor-centre/
1. AI is one component assisting to drive operating efficiency, complementing continued focus on deal size and matching of institutional capital to investment opportunities. In addition to the AI component, the updated target reflects a combination of factors including expected scale benefits, continued cost discipline, as well as the potential efficiency contributions from AI-assisted processes currently being deployed. Actual results may differ materially from the target.
2. As at 31 December 2025.
Disclaimer
This announcement contains general information only and does not take into account your investment objectives, financial situation or needs. Qualitas is not licensed to provide financial product advice in relation to Qualitas shares or any other financial products. This announcement does not constitute financial, tax or legal advice, nor is it an offer, invitation or recommendation to apply for or acquire a share in Qualitas or any other financial product. Before making an investment decision, readers should consider whether Qualitas is appropriate given your objectives, financial situation and needs. If you require advice that takes into account your personal circumstances, you should consult a licensed or authorised financial adviser. Past performance is not a reliable indicator of future performance.
Qualitas results are reported under International Financial Reporting Standards (IFRS), which are used to measure group and segment performance. Qualitas presentations may also include certain non-IFRS measures, including Normalised earnings before interest, taxes, depreciation and amortisation (EBITDA), Normalised net profit before tax (NPBT) and Normalised net profit after tax (NPAT). These measures are used internally by management to assess the performance of our business, make decisions on the allocation of resources, and assess operational management. All non-IFRS information unless otherwise stated has not been extracted from Qualitas’ financial statements and has not been subject to audit or review. Certain figures may be subject to rounding differences. Refer to the Directors Report of the Company’s Interim Financial Report for the period ending 31 December 2025 for the reconciliation of statutory earnings to normalised earnings. All amounts are in Australian dollars unless otherwise stated.
Statements contained in this presentation may be forward looking statements. Such statements are inherently speculative and always involve some risk and uncertainty as they relate to events and depend on circumstances in the future, many of which are outside the control of Qualitas. Any forward-looking statements contained in this presentation are based on a number of assumptions which may prove to be incorrect, and accordingly, actual results or outcomes may vary. Past performance is not indicative of future returns.