London · Delayed Price · Currency is GBP · Price in GBX Ninety One Group Earnings Call Transcripts
Fiscal Year 2026
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AUM rose to GBP 171.8 billion with GBP 2.8 billion net inflows, driven by Sanlam integration and strong Asia-Pacific performance. Adjusted EPS grew 12%, and the dividend increased 10%. Ongoing investments in AI and technology aim to boost future efficiency.
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AUM grew over 19% year-over-year, with GBP 4.3 billion net inflows and a 15% rise in adjusted EPS. Operating margin expanded to 32.1%, and the Sanlam UK transaction added GBP 1.9 billion AUM. Fee pressure and competition remain, but growth opportunities are strong in Asia and emerging markets.
Fiscal Year 2025
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AUM rose 4% to GBP 130.8bn, with net outflows improving and positive second-half flows. Adjusted EPS fell 3%, and the Sanlam deal is set to add scale and new distribution. Focus remains on technology, AI, and long-term growth.
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AUM rose 3% to $127.4B despite net outflows, with adjusted EPS down 11% and a 30.5% margin. A major Sanlam deal will transfer GBP 17B in assets and boost distribution, while credit and alternatives showed growth. Management remains cautiously optimistic amid industry headwinds.
Fiscal Year 2024
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AUM declined slightly with continued net outflows, but profit before tax rose 2% and cost discipline was maintained. Adjusted EPS fell 8%, and the dividend was reduced 7%. The business remains focused on core strengths, with growth expected as market conditions improve.