London · Delayed Price · Currency is GBP · Price in GBX St. James's Place Earnings Call Transcripts
Fiscal Year 2026
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Strong H1 2026 results with record FUM of £240.8bn, net inflows of £2.7bn, and advisor retention at 90%. Investments in technology and advisor support continue, with net flows expected to exceed 3% of opening FUM as the firm enters its Amplify growth phase.
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Strong half-year results driven by robust FUM growth, high client retention, and strategic investments. Adjusted IFRS profit before tax reached GBP 278 million, with accelerating earnings expected from 2027 and a focus on technology and adviser support to capture significant market opportunities.
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A new, simplified financial reporting framework will be implemented from half year 2026, with no impact on profitability or guidance. The key profit metric is renamed, and margin guidance remains at a three basis points annual increase, mainly due to gestation unwind.
Fiscal Year 2025
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Delivered strong financial and operational results in 2025, with growth in new business, FUM, and underlying cash. Announced a higher payout ratio for shareholders from 2026 and continued strategic progress in technology, cost efficiency, and high net worth segments.
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Delivered strong growth in new business, FUM, and underlying cash, with net inflows up 42% and FUM reaching GBP 220 billion. Implemented a new charging structure, strengthened the balance sheet, and raised shareholder return guidance to 70% payout from 2026.
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Record net inflows and a 17% rise in underlying cash result marked a strong H1, with funds under management at GBP 198.5 billion. Strategic initiatives, including a new charging structure and passive investment options, are on track, while capital returns continue via buybacks.
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Double-digit earnings growth and record funds under management were achieved, with GBP 10.5 billion in new client investments and a 17% rise in underlying cash result. The new charging structure and efficiency programs are on track, supporting ambitions for long-term compounding growth.
Fiscal Year 2024
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Strong client growth, high retention, and robust flows marked the year, with a refreshed strategy and new charging structure set for H2 2025. Continued investment in advisor support and technology underpins long-term ambitions, while capital allocation remains disciplined.
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Record funds under management and resilient net inflows marked a strong H1 2024, with robust pensions growth and a stable solvency position. Strategic cost savings and reinvestment are set to drive mid- to high single-digit FUM growth and double underlying cash results by 2030.