Q1 2026 AUMA & Flows Trading Update

22 April 2026

Aberdeen Group plc

Q1 2026: AUMA and flows trading update

Key highlights:

- Robust Group performance in Q1 despite market headwinds, with particular strength in interactive investor.

- AUMA of £547.7bn (31 December 2025: £556.0bn), with movements in the quarter reflecting the divestment of the financial planning business, lower markets, and net outflows of £(2.9)bn.

- Continued strong growth in interactive investor, with total customers up 14% year-on-year to 513k and a record quarter for both net inflows at £3.0bn and daily average retail trades (DARTs) at 35k.

- Adviser net outflows of £(0.6)bn with higher gross inflows and improvement in MPS. New CEO appointed to drive return to growth.

- Investments AUM of £383.4bn, lower than Q4, principally reflecting the previously announced c.£4bn lower margin equities withdrawals and adverse market movements, partly offset by continued net inflows into fixed income.

- We are firmly committed to the delivery of the Group's FY2026 targets of adjusted operating profit of at least £300m and net capital generation of c.£300m.

AUMA and flows (unaudited)

1. Includes financial planning business AUA of £3.6bn as at 31 December 2025.

All figures in this announcement are unaudited and subject to revision.

Jason Windsor, Chief Executive Officer, said:

"We continued to deliver against our strategy in Q1, despite the backdrop of heightened geopolitical and market uncertainty.

"interactive investor delivered a record quarter across a range of key metrics - supported by continued strong growth in SIPP customers. Net inflows of £3.0bn were 88% higher than Q1 last year, with customer numbers up 14% year-on-year.

"In Adviser, we have seen an increase in gross inflows and we continue to reposition the business for a return to sustainable growth. Rich Denning has been appointed as our new Adviser CEO and we are bringing key service teams back in-house to streamline the client experience.

"In Investments, performance in the quarter was largely as expected, despite geopolitical uncertainty. Outflows were mainly driven by anticipated redemptions, while we recorded progress in fixed income, real assets, and in our emerging market franchise. We have stronger investment performance and growing confidence in our pipeline.

"Looking ahead, we remain focused on delivery of our 2026 targets, while supporting customers through ongoing market uncertainty."

Management will be hosting a call for analysts at 8:30am (BST) today. To access a webcast of the conference call, please use the following link https://stream.brrmedia.co.uk/broadcast/69d6638b66d5600014b25118

Appendix

interactive investor 

Quarterly net flows and additional data

1. Excludes our financial planning business.

2. Q4 2025 and Q3 2025 total customers are presented net of Jarvis customers who are expected to close their accounts by mid-2026 - based on trends seen from previous M&A activity.

3. Source: BWC Benchmarking, data for Q1 2026 not yet available.

Analysis of AUMA

1. Includes Platform AUA at 31 March 2026 of £75.2bn (31 December 2025: £77.0bn).

2. Market and other movements include the transfer of £2.3bn of assets from MyFolio funds in Institutional & Retail Wealth to Insurance Partners.

3. Corporate actions in Q1 2026 relate to the sale of the financial planning business.

Quarterly AUMA

Quarterly net flows

Institutional & Retail Wealth AUM

Detailed asset class split

1. Market and other movements include the transfer of £2.3bn of assets from MyFolio funds in Institutional & Retail Wealth to Insurance Partners.

LEI: 0TMBS544NMO7GLCE7H90

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