Highlights

  • Aberdeen Group reported AUMA of GBP  556.0bn as at 31 December 2025, representing a 9% YoY.
  • Interactive investor recorded Q4 net inflows of GBP  1.4bn, customer growth of 14% year-on-year, and higher daily trading volumes.
  • Adviser and Investments divisions experienced Q4 net outflows influenced by UK Budget-related redemptions and previously announced withdrawals.

Aberdeen Group plc (LSE:ABDN) released its Q4 2025 assets under management and administration (AUMA) and flows trading update, outlining year-on-year growth in group AUMA, increased activity across interactive investor, and varied flow trends across Adviser and Investments channels. The update also reaffirmed expectations for FY2025 adjusted operating profit.

Group AUMA and Q4 Overview

Aberdeen Group ended Q4 2025 with total AUMA of GBP  556.0bn, up from GBP  511.4bn at the same point in the prior year. Market movements contributed positively to asset levels across the group. Investments AUM reached GBP  390.4bn, an increase of 6% year-on-year, while Adviser AUMA rose to GBP  80.4bn from GBP  75.2bn.

The group stated that FY2025 adjusted operating profit is expected to align with current market expectations.

interactive investor Shows Increased Customer Activity

interactive investor continued to expand its customer base, with total customers reaching 500,000, up 14% year-on-year. Excluding the Jarvis acquisition, customer growth stood at 9%. SIPP customers increased by 30% year-on-year to 105,000.

Engagement levels rose during the quarter, with daily average retail trades (DARTs) in Q4 reaching 29,200, up 40% compared with Q4 2024. Net inflows for the quarter totalled GBP  1.4bn, while FY2025 net inflows reached GBP  7.3bn, representing 9% of opening AUMA.

interactive investor AUMA increased to GBP  97.5bn, up 26% year-on-year. During the period, the company progressed enhancements to its customer offering, including the launch of a managed SIPP, early access to the iiAdvice digital advice service, and advanced testing of the ii360 trading platform. Pricing changes are scheduled to take effect from February 2026.

Adviser Flows Affected by UK Budget Timing

The Adviser channel recorded net outflows of GBP  0.8bn in Q4, compared with GBP  0.9bn in the prior-year quarter. These outflows were attributed to increased redemptions ahead of the UK Budget. For the full year, Adviser net outflows improved to GBP  2.2bn, a 44% year-on-year reduction.

AUMA in the Adviser segment increased to GBP  80.4bn, supported by market movements. The division also launched the Aberdeen SIPP in December, while net promoter scores improved to +45 for FY2025.

Investments Division Sees Improved Mix Despite Outflows

The Investments business recorded Q4 net outflows of GBP  3.0bn, which included a previously announced GBP  4.5bn low-margin quantitative withdrawal and GBP  1.2bn of Insurance Partners outflows. These movements were partially offset by inflows from the Stagecoach Group Pension Scheme and continued demand in commodities and fixed income.

Alternatives recorded Q4 net inflows of GBP  1.3bn, with commodity ETFs contributing to a 35% quarterly increase in AUM to GBP  15.8bn. The group now expects FY2025 revenue margin in Investments to be around 19.2bps. In December, Aberdeen announced an agreement with MFS to acquire management of GBP  1.5bn in closed-end fund assets, subject to approval.

Outlook and Share Price

Aberdeen Group reaffirmed that FY2025 adjusted operating profit is expected to meet market expectations. FY2026 targets include adjusted operating profit of at least GBP  300m and net capital generation of approximately GBP  300m.

ABDN shares were trading at 214.80p on 21 January 2026, marking a 45.23% increase over the past year.