24th Jun 2026 13:17
(Alliance News) - Liontrust Asset Management PLC shares climbed on Wednesday as it reported slowing net outflows and said it is "strongly positioned to deliver future growth".
The London-based asset manager said pretax profit fell 35% to GBP14.4 million in the 12 months to the end of March from GBP22.3 million a year earlier.
Revenue was down 21% to GBP134.4 million from GBP169.8 million.
The firm declared a second interim dividend of 12.0 pence per share, down 76% from 50.0p a year earlier. The total dividend for the year is 74% lower at 19.0p from 72.0p.
However, Liontrust said net outflows over the financial year were GBP4.18 billion, down 15% from GBP4.90 billion a year earlier.
The company said in the first quarter of the new year so far, to June 19, net outflows were GBP276 million. Assets under management and advice on the same date was GBP21.45 billion.
Shares in Liontrust Asset Management rose 13% to 332.00 pence on Wednesday afternoon in London.
Chief Executive Officer John Ions said: "The improvement in Liontrust's flows over the past nine months is testament to the expansion of our distribution internationally and broadening of client types.
"This reflects the significant development at Liontrust over the past couple of years, with net outflows now at GBP276 million for the current quarter with one week to go, and strategies such as cashflow solution benefiting from both strong performance and client diversification."
The previously announced acquisition of River Global Holdings Ltd, the holding company of River Global PLC's asset management business, is expected to complete on June 30. Liontrust said this will "accelerate the further diversification" of the business.
CEO Ions added: "We are strongly positioned to deliver future growth, with expansion of our client base and distribution globally, and we have a broadening pipeline. We are extending our investment talent, capabilities and styles to capitalise on the opportunities for active management that we believe the existing market environment is offering."
By Michael Hennessey, Alliance News reporter
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