QIC has delivered record earnings of $9.6 billion to Queensland government clients in FY25, taking total earnings for the State to more than $22 billion since 2022.
Amidst fluctuating market conditions, assets under management grew to $131.6 billion, while an operating profit before tax of $154.1 million saw budget expectations exceeded by 26 per cent.
QIC CEO Kylie Rampa said the results demonstrated an unwavering commitment to creating shared value for Queensland, clients and community.
"In a year marked by economic headwinds and global uncertainty, QIC not just held its ground, we propelled forward."
Kylie Rampa - CEO
“Our disciplined focus on investment performance, cost management and revenue growth has seen expectations exceeded both in investment outcomes and commercial returns to the State.
“Delivering another record return for Queensland government clients of $9.6 billion is an outstanding result which takes QIC’s total earnings for the State to more than $22 billion since 2022.
“Every dollar generated for government clients helps build a stronger Queensland, whether it’s supporting hospitals, universities, councils, charities or government and statutory bodies.”
In addition, a record $287.5 million will be returned in payments to the Queensland Government, taking total payments to the State since 2022 to $764 million.
As the State’s strategic investment advisor, QIC has worked closely with the Queensland Government to advance a range of initiatives across the energy, infrastructure, innovation and housing sectors.
“We are incredibly proud of the role QIC continues to play in driving strong financial outcomes aligned to priorities for the State,” Ms Rampa said.
“Whether it’s applying a commercial lens to critical energy projects, managing major infrastructure for future growth, unlocking the potential of local startups or financing the delivery of housing, QIC is putting its diversified capabilities to work for the betterment of Queenslanders.
“The QIC team and I remain confident in our ability to seize new opportunities in the year ahead, bringing direct access to world-class capabilities and global capital to continue generating value for the state, our clients, people and communities.”
In FY25, approximately 86 per cent of QIC’s representative funds met or outperformed their investment objectives on a funds-weighted basis, reflecting consistent outperformance across asset classes and client mandates.
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In Queensland, QIC manages $18 billion in infrastructure assets including stakes in the Port of Brisbane and Brisbane Airport, while its $4 billion Queensland Real Estate portfolio comprises of retail hubs on the Gold Coast, Sunshine Coast and Toowoomba, as well as key office buildings in the Brisbane CBD.
For more information on QIC’s annual reporting, please visit Annual Reports.
