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Highlights:

  • ABDN reported Group adjusted operating profit of GBP 125 million, broadly flat YoY, as transformation efforts offset Adviser repricing impact.
  • ABDN's platform interactive investor recorded GBP 4.0 billion net inflows.
  • ABDN's Investments division saw GBP 4.1 billion net outflows, despite GBP 9.3 billion in gross inflows in I&RW and cost savings of GBP 36 million.

Aberdeen Group PLC (LSE:ABDN), a UK-based wealth and asset management group, released its half-year results for the six months ending 30 June 2025. The company reported Group adjusted operating profit (AOP) of GBP 125 million, marginally lower than GBP 128 million in H1FY24. Net capital generation increased by 7% year-on-year to GBP 111 million, reflecting continued cost savings under the ongoing transformation programme. IFRS profit before tax rose 45% to GBP 271 million , primarily driven by valuation gains on its Phoenix stake and lower restructuring costs. Adjusted diluted earnings per share increased to 7.5p, with the interim dividend maintained at 7.3p.

The transformation programme, initiated to enhance operational efficiency and align business segments to growth areas, delivered  GBP 137 million in run rate cost savings by the end of June. The Group remains on track to reach GBP 150 million in annualised savings by year-end 2025, largely benefiting the Investments division. The interactive investor platform delivered a 25% increase in AOP to GBP 69 million, supported by a 12% rise in net operating revenue to GBP 154 million. Trading revenue climbed 36% year-on-year to GBP 45 million, with trading activity peaking in April. Cash balances rose 19% to GBP 7.0 billion, with net inflows totalling GBP 4.0 billion, the highest in over two years. Total customer count increased 9% YoY to 461,000, including 27% growth in SIPP clients.

In the Adviser segment, AOP declined to GBP 42 million from GBP 65 million in H1FY24, following previously announced repricing measures aimed at restoring long-term competitiveness. Platform revenue dropped to GBP 72 million from GBP 84 million, while net outflows reduced by 55% to GBP 0.9 billion. AUMA rose slightly to GBP 75.7 billion, supported by market movements. Customer satisfaction improved, with Net Promoter Score (NPS) climbing to +43, exceeding the company’s FY26 target.

ABDN's Investments division reported adjusted operating profit of GBP 35 million, up 3% year-on-year, despite a 9% drop in net operating revenue to GBP 371 million. The division experienced GBP 4.1 billion in net outflows, largely driven by GBP 4.5 billion in outflows from Insurance Partners' legacy portfolios. However, gross inflows in Institutional & Retail Wealth (I&RW) reached GBP 21.9 billion, the highest in more than two years. Cost controls helped reduce operating expenses by GBP 36 million.

ABDN reaffirmed its 2026 targets of at least GBP 300 million in adjusted operating profit and around GBP 300 million in net capital generation. Management expects continued investment in digital platforms, efficiency measures, and strategic repricing to support growth across the interactive investor, Adviser, and Investments units. Customer and asset momentum in H2FY25 will be key to meeting full-year goals.

ABDN shares were trading 1.20% higher at GBX 200.68 per share as of 30 July 2025.