London · Delayed Price · Currency is GBP · Price in GBX Ashmore Group Earnings Call Transcripts
Fiscal Year 2026
-
Strong investment performance and net inflows drove a 13% increase in AuM to $54 billion, with profit before tax up 17% and EPS up 28%. Growth was broad-based across equities, alternatives, and local offices, while fee margin pressure and geopolitical risks remain key considerations.
-
AUM rose 10% to $52.5bn, with $2.3bn net inflows as subscriptions increased and redemptions fell. Seed gains drove PBT up 64% and diluted EPS up 89%, while adjusted net revenue declined 16% YoY.
Fiscal Year 2025
-
AUM declined 3% to $47B, but outperformance and improved net flows were achieved, with strong growth in equities, alternatives, and local offices. Revenue and profit fell year-over-year, but margins remained robust and the dividend was maintained.
-
Assets under management held steady at $49 billion, with net outflows sharply reduced and strong cost control supporting a 42% EBITDA margin. Equities and local platforms drove growth, while the outlook for emerging markets remains positive amid ongoing market volatility.
Fiscal Year 2024
-
Statutory profit before tax rose 15% to GBP 128.1 million, driven by strong performance fees and balance sheet returns, despite a 10% drop in average AUM. Operating margin remains high at 41%, and the dividend is maintained. Positive outlook for EM assets as client interest grows.