Australia · Delayed Price · Currency is AUD AMP Limited Earnings Call Transcripts
Fiscal Year 2026
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The AGM highlighted strong financial growth, ongoing cost discipline, and a focus on organic expansion in wealth management. Key initiatives include AI adoption, capital returns via buybacks, and steady dividends, while addressing shareholder concerns on governance, remuneration, and digital banking.
Fiscal Year 2025
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NPAT and EPS rose over 20% year-over-year, driven by cost reductions and strong platform flows. Most legacy issues are resolved, capital surplus improved, and guidance points to stable margins and continued cost discipline for FY 2026.
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Underlying NCAP rose over 9% to $131 million, with EPS up 18% and cost-to-income ratio improving to 59.4%. AUM grew across all segments, margins held steady, and the interim dividend was set at $0.02 per share. Guidance for FY25 remains unchanged, with a focus on cost discipline and innovation.
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The business is now focused on retirement, leveraging innovative products like MyNorth Lifetime and digital advice to drive growth. Adviser engagement, technology investment, and unique solutions have led to improved cash flows and strong market positioning in super and retirement.
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The AGM covered strong financial returns amid market volatility, board renewal, and a focus on retirement solutions and digital innovation. Shareholders discussed dividends, executive pay, and governance, with all major resolutions put to a vote and results to be published.
Fiscal Year 2024
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Underlying profit rose 15% to AUD 236 million, with EPS up 25% and AUM up 11%. Cost reductions exceeded targets, and a AUD 1.1 billion buyback was completed. 2025 guidance includes further cost cuts, stable margins, and a focus on organic growth.
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NPAT rose 5.4% to AUD 118 million, driven by cost reductions and improved business performance. A transformational Advice business sale was announced, with an expected AUD 30 million loss on sale, and the capital return program is nearly complete. Dividend of AUD 0.02 per share declared.