6th Aug 2025 08:45
(Alliance News) - Quilter PLC on Wednesday posted a "solid" interim financial performance, driven largely by strong net inflows and positive markets.
The London-based wealth manager said attributable pretax profit multiplied to GBP62 million for the six months that ended June 30 from GBP18 million a year earlier.
Assets under management & administration rose 12% to GBP123.4 billion on June 30 from GBP110.6 billion a year before, reflecting net inflows, coupled with a positive contribution from market movements. AuMA was up 6% since December 31.
Net inflows more than doubled to GBP4.3 billion from GBP1.5 billion as gross flows rose 27% to GBP9.5 billion from GBP7.5 billion.
Total income declined 24% to GBP2.56 billion from GBP3.38 billion, due to lower investment revenue generated on shareholder funds, partly offsetting higher management fee revenue.
Quilter declared an interim dividend of 2.0 pence, up 18% from 1.7p.
Both basic earnings per share and headline EPS multiplied to 3.4p from 1.0p.
"I'm pleased with our start to 2025," Chief Executive Officer Steven Levin said, adding: "Flow momentum remains excellent with our affluent and high net worth segments both outperforming their market peers for level of inflows and growth as a percentage of opening assets.
"Our business has built on the momentum of the last two years, is in great shape and is continuing to deliver on the growth opportunities ahead."
Shares in Quilter were down 2.1% to 159.30p in London on Wednesday morning. They were down 2.3% to ZAR37.92 in Johannesburg.
By Artwell Dlamini, Alliance News senior reporter South Africa
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