4th Dec 2025 09:57
(Alliance News) - AJ Bell PLC on Thursday reported a rise in full-year profit aided by increased revenue, after the company said it saw record customer growth resulting from targeted brand and proposition investments.
The Manchester, England-based retail investment platform said pretax profit rose 22% to GBP137.8 million for the year ended September 30 from GBP113.3 million the year before.
This was driven by an 18% increase in revenue to GBP317.8 million from GBP269.4 million, as well as efficiency gains. The company noted an increase across its custody fee, interest income and dealing commission revenue streams.
Platform customer numbers rose 19% to 644,000 customers from 542,000, which the company described as a record. Advised customers increased by 6%, whilst direct-to-consumer customers rose by 25%, which AJ Bell attributed to the results of brand recognition investment.
Assets under management rose 31% to GBP8.9 billion from GBP6.8 billion the year prior.
AJ Bell proposed a total ordinary dividend per share of 14.25 pence, representing an increase of 14% from 12.50 pence last year.
Looking ahead to financial 2026, the company said it will increase investment in its brand and propositions to advance growth.
"We are prioritising investment for long-term growth, while the operational gearing inherent in our business model provides opportunities for [pretax profit] margin expansion beyond FY26," AJ Bell said.
Chief Executive Michael Summersgill added: "This has been another excellent year for the business, surpassing GBP100 billion in platform [assets under administration] and attracting over 100,000 new customers to our platform. We're continuing to invest in our brand and propositions to drive growth in a market with significant opportunity."
Shares in AJ Bell fell 6.3% to 491.59p on Thursday morning in London.
By Roya Shahidi, Alliance News reporter
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