The Perpetual Ltd (ASX: PPT) share price is in focus after the company flagged a non-cash impairment charge of A$63.5 million, following a major client redemption in its asset management unit.

What did Perpetual report?

• Non-cash impairment charge of A$63.5 million against goodwill for TSW
• Impairment recognised as a Significant Item in FY26 statutory results
• Redemption of approximately US$4.6 billion from TSW International Equity strategy expected in Q2 FY27
• No impact on Perpetual’s liquidity, banking covenants, or UPAT

What else do investors need to know?

Perpetual received notice last week from a client of Thompson, Siegel & Walmsley LLC (TSW) regarding the planned redemption. Although the redemption will occur in the next financial year, accounting standards require the resulting impairment to be recognised in the FY26 results.

The impairment is non-cash and will not affect Perpetual’s liquidity position or dividend payout ratio, as it doesn’t impact UPAT. The charge also does not affect Perpetual’s compliance with banking covenants.

Perpetual will provide a full update on FY26 results—including the final impact of the impairment—on 27 August 2026.

What’s next for Perpetual?

Looking ahead, investors will be watching for further clarification in Perpetual’s upcoming FY26 results announcement. The company remains due to release audited financial statements and further guidance on 27 August 2026.

Perpetual emphasised that its underlying profit and ability to pay dividends are not affected by this impairment charge. The business continues to focus on its broader asset management strategy and client service.

Perpetual share price snapshot

Over the past 12 months, Perpetual shares have declined 9%, trailing the All Ordinaries Index (ASX: XAO), which is flat over the same period.

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The post Perpetual reveals $63.5m impairment after major fund redemption appeared first on The Motley Fool Australia.

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Motley Fool contributor Laura Stewart has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips. This article was prepared with the assistance of Large Language Model (LLM) tools for the initial summary of the company announcement. Any content assisted by AI is subject to our robust human-in-the-loop quality control framework, involving thorough review, substantial editing, and fact-checking by our experienced writers and editors holding appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content published by The Motley Fool Australia.

The Corporate Travel Management Ltd (ASX: CTD) share price remains suspended but that hasn’t stopped the company announcing that it has reached agreements with 86% of its key impacted UK customers and confirmed the major terms of its customer remediation process.

What did Corporate Travel Management report?

• Secured binding offers from UK customers covering GBP 102 million out of a total estimated GBP 118 million liability
• Will refund GBP 87 million to these customers, with GBP 11 million already paid
• Remaining GBP 76 million to be refunded on a staged basis through to 30 September 2027
• Agreed to pay GBP 12 million to settle further UK contract uncertainties, including GBP 6 million for 1HFY26
• Continues final negotiations with customers accounting for GBP 16 million of the remaining liability

What else do investors need to know?

The company is in advanced talks with lenders to secure financing for both its client remediation obligations and ongoing business needs. These funding arrangements are expected to be announced soon.

These agreements are a significant step forward in resolving historical issues within CTM’s UK operations, helping pave the way for the release of FY25 audited financial statements. Final negotiations with a small number of remaining UK customers are progressing.

What did Corporate Travel Management management say?

Ana Pedersen, Managing Director and Group CEO, said:

Reaching agreements with impacted UK customers representing 86% of the total estimated liability is a major milestone for CTM and reflects our commitment to doing the right thing by customers. These outcomes are the result of months of constructive engagement between CTM, its advisers and affected customers, whose cooperation and support throughout this process has been greatly appreciated.

Importantly, these agreements demonstrate that we can address legacy matters responsibly while continuing to deliver the high-quality service and support our customers rely on for their travel needs. We remain focused on completing the remaining steps required to seek reinstatement of CTM’s shares to trading on the ASX and look forward to updating shareholders on our progress.

What’s next for Corporate Travel Management?

CTM expects to finalise negotiations with the few remaining clients in the coming period, clearing the path to resolving its UK business issues. The company is also seeking to secure new financing and aims for reinstatement of its shares on the ASX once all requirements are met.

Management has indicated it will continue working closely with stakeholders to maintain service quality and restore confidence among its shareholders and clients.

Corporate Travel Management share price snapshot

Over the past five years, the Corporate Travel Management share price has lost 25% of its value.

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The post Corporate Travel Management updates UK remediation progress and settlement terms appeared first on The Motley Fool Australia.

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Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Corporate Travel Management. The Motley Fool Australia has positions in and has recommended Corporate Travel Management. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips. This article was prepared with the assistance of Large Language Model (LLM) tools for the initial summary of the company announcement. Any content assisted by AI is subject to our robust human-in-the-loop quality control framework, involving thorough review, substantial editing, and fact-checking by our experienced writers and editors holding appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content published by The Motley Fool Australia.

The Lifestyle Communities Ltd (ASX: LIC) share price is in focus today after the company reported a 55.4% jump in net new home sales and a return to profitability in FY26.

What did Lifestyle Communities report?

• Statutory profit after tax of $46.9 million (FY25: $195.3 million loss)
• Net new home sales up 55.4% to 216 homes
• Operating profit after tax of $25.4 million (FY25: $45.2 million)
• Rental income up 12.4% to $51.4 million
• Net debt reduced by $186.8 million, to $273.7 million
• Unsold inventory down 55.0%, from 269 to 121 homes

What else do investors need to know?

Lifestyle Communities achieved a 23% lift in brand awareness and improved appointment-to-sale conversions, providing support for its sales rebound. Homes under management reached 4,368, with the company managing 25 communities across Victoria.

The company continues to adapt its management fee models following the VCAT decision, offering customers an upfront option that has quickly gained traction. At the time of the result, the Court of Appeal’s ruling on the DMF issue remained pending, with a provision in place should repayment of certain fees be required.

What did Lifestyle Communities management say?

Chief Executive Officer Henry Ruiz said:

FY26 was a year of rebuilding the brand and sales momentum, strengthening our foundations and positioning Lifestyle Communities for future growth. We delivered a material improvement in net new home sales, significantly reduced inventory levels, strengthened the balance sheet via the pay down of debt and continued to grow our recurring rental income stream despite challenging property market conditions.

What’s next for Lifestyle Communities?

Lifestyle Communities enters FY27 with a stronger balance sheet, a growing rental income stream, and several development opportunities on the horizon. While settlement volumes may fluctuate due to the sales cycle, the company remains focused on disciplined, measured growth and is actively planning new communities.

The overarching strategy puts emphasis on operational discipline, steady sales momentum, and adapting to changing market conditions. The group is positioning itself to support a growing downsizer market and Victoria’s ageing population, aligning with long-term sector trends.

Lifestyle Communities share price snapshot

The Lifestyle Communities share price has modestly outperformed the S&P/ASX 200 index (ASX: XJO) over the past 12 months with a gain of 5%.

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The post Lifestyle Communities share price: FY26 profit rebounds with sales momentum appeared first on The Motley Fool Australia.

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Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips. This article was prepared with the assistance of Large Language Model (LLM) tools for the initial summary of the company announcement. Any content assisted by AI is subject to our robust human-in-the-loop quality control framework, involving thorough review, substantial editing, and fact-checking by our experienced writers and editors holding appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content published by The Motley Fool Australia.