Challenger (ASX:CGF) said its fiscal third-quarter funds under management rose to AU$115.16 billion from AU$114.48 billion a year earlier, according to a Thursday Australian bourse filing.
The company reported total Life sales of AU$1.44 billion, down from AU$1.75 billion a year earlier. Group assets under management grew year over year to AU$125.63 billion from AU$123.77 billion.
The company tightened its fiscal 2025 normalized net profit after tax guidance to a range of between AU$450 million and AU$465 million, with the midpoint representing a 10% year-on-year growth.
The company's shares rose almost 7% in recent Thursday trade.
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