ASX ANNOUNCEMENT: Qualitas releases 1H26 results
16 February 2026
Record 6-month deployment and strong FEF1 growth underpinned 1H26 earnings and support 2H26 momentum
Qualitas Limited (ASX: QAL), a leading Australian alternative investment manager, is pleased to present its financial results for the six-months to 31 December 2025 (1H26)1 along with financial and operational updates.
Access the ASX announcement or presentation.
Market briefing
Qualitas’ market briefing is being held Tuesday, 17 February 2026 at 9:30am (AEDT), with presenters:
Andrew Schwartz (Group Managing Director and Co-Founder), Mark Fischer (Global Head of Real Estate and Co-Founder), Kathleen Yeung (Global Head of Corporate Development) and Philip Dowman (Chief Financial Officer).
Webcast
Please use the following link to access the webcast presentation: https://webcast.openbriefing.com/qal-hyr-2026/
Teleconference
Prefer to dial-in? Please pre-register using the link below and to access dial-in details: https://registrations.events/direct/MCM957244912
A replay of the webcast will be available on the Qualitas website at the conclusion of the briefing.
For further information, please contact:
| Investor enquiries Nina Zhang Head of Investor Relations T: +61 3 9612 3939 E: nina.zhang@qualitas.com.au |
Media enquiries Kate Stokes Head of Marketing and Communications M: +61 3 9612 3936 E: kate.stokes@qualitas.com.au |
Investor Website: https://investors.qualitas.com.au/investor-centre/
About Qualitas
Qualitas Limited ACN 655 057 588 (Qualitas) is an ASX-listed Australian alternative investment manager with approximately $10.9 billion of committed funds under management2.
Qualitas matches global capital with access to attractive risk-adjusted investments in real estate private credit and real estate private equity through a range of investment solutions 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 $34 billion across all real estate sectors3. 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.
Notes
- Fee Earning Funds Under Management refers to amount earning base management fees. Base management fee structures vary across investment platform including committed FUM, Invested FUM, net asset value, gross asset value, acquisition price and other metrics used to calculate base management fees.
- As at 31 December 2025.
- As at 30 June 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. The presentation also includes 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 Appendix A 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.