London · Delayed Price · Currency is GBP · Price in GBX AJ Bell Earnings Call Transcripts
Fiscal Year 2025
-
Platform customers and assets under administration both grew 19% year-over-year, driving an 18% revenue increase and a 22% rise in profit before tax. Record net inflows, strong brand investment, and operational efficiency supported growth, with further capital returns and investments planned.
-
PBT margin rose on higher FX revenues and dealing activity, with cost growth expected to moderate as operational efficiencies improve. Revenue margin may ease slightly, while marketing and tech investment remain key. Regulatory and competitive pressures persist, but brand, service, and user experience are prioritized.
-
Customer and asset growth drove a 17% revenue increase and 12% higher profit before tax, with strong net inflows and record D2C performance. Dividend and buyback returns to shareholders are set to exceed £100 million for the year.
Fiscal Year 2024
-
Customer and asset growth drove a 23% revenue and 29% profit before tax increase, with record shareholder returns via a higher dividend and new buyback. Outlook remains positive despite regulatory and tax headwinds, with continued investment in technology and brand.