3rd Mar 2026 09:15
(Alliance News) - Aberdeen Group PLC on Tuesday hailed a "very strong" performance from retail investment platform interactive investor as it reported slightly better-than-hoped annual adjusted operating profit.
The Edinburgh-based wealth and asset management company said pretax profit leapt 76% to GBP442 million in 2025 from GBP251 million in 2024.
Adjusted operating profit increased 3.5% to GBP264 million from GBP255 million, slightly ahead of GBP261 million consensus.
Adjusted diluted earnings per share rose 4.7% to 15.7 pence from 15.0p, ahead of 14.7p consensus.
The dividend was unchanged 14.6 pence per share.
Assets under management & administration increased 8.7% to GBP556.0 billion at December 31 from GBP511.4 billion the year prior.
Net outflows, excluding liquidity, declined to GBP1.7 billion from GBP6.1 billion.
The firm said it delivered GBP180 million of annualised cost savings in 2025, exceeding its GBP150 million target.
Aberdeen hailed reported a "very strong" performance from retail investment platform interactive investor, where adjusted operating profit jumped 34%.
But adjusted operating profit fell 32% at Adviser, its platform provider and technology partner for financial advisers, driven by the previously announced strategic repricing.
Here, Aberdeen reported an improvement in net outflows to GBP2.2 billion in 2025 from GBP3.9 billion in 2024.
Aberdeen now expects to return to positive net flows at Adviser in 2026, with GBP1 billion net inflow target to be delivered in 2027.
Aberdeen said it is confident in its outlook and its 2026 targets of adjusted operating profit of at least GBP300 million and net capital generation of around GBP300 million. It is also targeting average net capital generation growth of 5% to 10% per year over the medium term.
"With higher customer engagement, a pipeline of proposition enhancements and our compelling price point, we see significant opportunities for future growth," said Chief Executive Officer Jason Windsor.
Shares in Aberdeen were down 7.7% at 205.00p each in London on Tuesday morning.
By Jeremy Cutler, Alliance News reporter
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