ASX:QAL

Qualitas Upgrades Long-Term Australian Funds Management EBITDA Margin Target to 60%

Qualitas (ASX:QAL) has upgraded its long-term Australian segment funds management earnings before interest, taxes, depreciation and amortization (EBITDA) margin target to 60%, after meeting its previous target of 50%, according to a Friday Australian bourse filing.The company said it is aiming to achieve greater operating leverage through artificial intelligence, with fiscal 2027 implementation spend focused on building a proprietary AI platform based on Qualitas' proprietary data and intellectual property.Improved scalability and efficiency gains support the upgraded long-term Australian funds management business margins, it added.

Morgans Financial Upgrades Qualitas to Buy from Accumulate; Price Target is AU$3.50