London · Delayed Price · Currency is GBP · Price in GBX Ashmore Group Earnings Call Transcripts
Fiscal Year 2026
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Strong investment performance drove a 10% AUM increase and 64% profit growth, with equities and local offices expanding. Fee margins remain stable, and the outlook is positive for EM assets, though industry margin pressure and geopolitical risks persist.
Fiscal Year 2025
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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.
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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
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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.