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Highlights

  • Assets under Management at £10.2B, with Absolute Return strategies attracting net inflows.

  • 71% of funds outperforming since launch or tenure; net outflows at £254M.

  • £3M in annual cost savings identified and on track for implementation by September 2025.

Premier Miton Group plc (AIM:PMI) has reported a resilient set of results for the six months ended 31 March 2025, despite challenging market conditions and continued outflows across parts of the UK asset management sector.

The Group ended the period with £10.2 billion in Assets under Management (AuM), down from £10.7 billion at the end of September 2024. Notably, Absolute Return strategies performed well, attracting net inflows, helping to partially offset broader redemptions. Net outflows totalled £254 million, compared to £46 million in the same period last year.

Despite these outflows, 69% of funds ranked above the median since launch or manager tenure as of 31 March. This figure further improved to 71% by the end of April.

Premier Miton recorded an adjusted profit before tax of £5.4 million, slightly lower than the £5.7 million posted in the first half of 2024, reflecting ongoing market pressure and investor caution. The Board has declared an interim dividend of 3.0 pence per share, maintaining last year’s level.

A major focus for the Group has been operational efficiency, with £3 million in annualised cost savings identified, expected to be fully implemented by September 2025.

Post-period, the Group's AuM had recovered to £10.4 billion as of 22 May 2025, helped by improved fund flows and market conditions. Looking forward, management is optimistic, pointing to a significant product pipeline across fixed income, absolute return, and equity strategies.

Premier Miton is also progressing with strategic expansion initiatives. Its offshore fund platform in Ireland is advancing well. Additionally, new distribution partnerships in South Africa are set to open fresh channels for future inflows.

The Group continues to pursue inorganic opportunities to complement its organic growth strategy, following the successful integration of Tellworth in the prior year.

Commenting on the results, Premier Miton said it remains "strongly positioned" for the future, with performance-driven fund offerings, operational discipline, and a clear roadmap for expansion.