28th Jul 2026 10:44
(Alliance News) - Man Group PLC reported record assets under management in the first half of 2026, and strong inflows, helping drive a 21% increase in core net management fee revenue.
The London-based investment manager said pretax profit more than trebled to USD264 million in the six months ended June 30 from USD77 million the year prior.
Core pretax profit, which excludes acquisitions, disposals, significant non-recurring items and profits or losses generated outside of the investment management business, doubled to USD297 million from USD146 million.
Core net revenue increased 41% to USD853 million from USD604 million. Within this, core net management fee revenue rose 21% to USD627 million from USD517 million, driven by a significant growth in assets under management, due to strong net inflows and investment performance.
AUM at June 30 stood at a record USD253.6 billion, climbing 31% from USD193.3 billion the year prior, with net inflows in the half-year of USD7.1 billion.
"The exceptional net inflows and record AUM we are reporting today are the direct result of deliberate, multi-year investments in the diversification of our business. We are now seeing the benefits compound into broad-based growth," said Chief Executive Robyn Grew.
Statutory diluted earnings per share leapt to 17.5 US cents from 4.4c, with core diluted EPS of 19.9c, up from 9.7c on-year.
The firm declared an unchanged interim dividend of 5.7c per share, in line with its guidance.
Shares in Man Group jumped 5.1% to 315.42p each in London on Tuesday morning.
By Jeremy Cutler, Alliance News reporter
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