Perpetual takes $153.7m impairment, shifts portfolio holdings

Perpetual Limited will recognise a pre-tax non-cash impairment of $153.7 million ($134.6 million post-tax) for FY25, primarily due to J O Hambro strategies.

The firm ceased being a substantial holder in Orora Limited and became an initial substantial holder in Baby Bunting Group Limited with 5.019% voting power. It also increased its holding in Reliance Worldwide Corporation Limited to 7.193%.