St James's Place PLC (FRA:1IV)

Half Year 2026 St James's Place PLC Earnings Call Transcript

Jul 29, 2026 / 06:00 AM GMT

Release Date Price: €12.6

Transcript

Key Points

Positve

Strong net inflows of £2.7 billion and gross inflows of £10.5 billion, reflecting high demand for financial advice.
Funds under management (FUM) increased to over £240 billion, driven by positive net inflows and strong investment performance.
Improved FUM retention rate to 95.4%, above the long-term ambition of 95%.
Adjusted IFRS profit before tax of £278.4 million, exceeding consensus expectations of £194 million.
Successful launch of Polaris Multi-Index, with £4.6 billion in assets, and continued progress in AI tools like Advice Assistant and ChatSJP to boost advisor productivity.

Negative

Adjusted IFRS profit before tax decreased 9% year-over-year due to lower margins from the new charging structure.
Advisor retention rate slightly declined to 90% from 91% in 2025, with some planned exits from underperforming advisors.
Net inflows as a percentage of opening FUM remain in the 2-3% range, considered soft relative to the company's scale.
Case sizes decreased by 10% year-over-year, partly due to macroeconomic uncertainty and client preference for cash holdings.
The ongoing service evidence review, while nearing completion, still carries a remaining provision of £110 million, indicating legacy issues.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

SJP.L - St James's Place PLC
Half Year 2026 St James's Place PLC Earnings Call
Jul 29, 2026 / 06:00AM GMT

=====================
Presentation
--------------------------------------------------------------------------------
Unidentified_1 [1]
--------------------------------------------------------------------------------
Good morning and welcome to our 2026 Half Year Results presentation.

I'm pleased to report a strong set of results for St. James's Place, reflecting both good financial performance and continued operational and strategic progress.

I'll start by summarizing new business performance in the period. And I'll then hand over to Caroline to take you through the financials in more detail before I come back to discuss our strategic progress. In the first half of the year, we continued to see high demand for financial advice as our clients navigated a complex and evolving environment.

This is reflected in our new business performance.

Net inflows for the period were 2.7 billion pounds, supported by

Already have an account? Log in

Get the full story

Subscribe Now

	Access to All Earning Calls and Stock Analysis
	30-Year Financial on one screen
	All-in-one Stock Screener with unlimited filters
	Customizable Stock Dashboard
	Real Time Insider Trading Transactions
	8,000+ Institutional investors’ 13F holdings
	Powerful Excel Add-in and Google sheets Add-on
	All data downloadable
	Quick customer support
	And much more...

7-Day Free Trial · Cancel Anytime

Subscription fee may be tax deductible.

Excellent

4.6 out of 5

Trustpilot

Research Tools

All-In-One Screener Stock Ideas Stock List Guru List Guru Real-Time Picks Insider List Insider Trades Economic Indicators Sector & Industry Performance DCF Calculator Calculators Discussion Board

Product

Pricing Plans Excel Add-In Google Sheets Add-on Data API Stock Comparison Table Manual of Stocks Instant Alerts Mobile App Newsletters Signup 中文

Education

Financial Glossary Tutorials FAQ Buffett Indicator Shiller P/E Yield Curve Today U.S. Inflation Rate Global Market Valuation Fed Net Liquidity Buffett Assets Allocation

Company

About GuruFocus Career Contact Us Advertise Term of Use Privacy Policy Referral Program Partner Program

Survey

We'd love to learn more about your experiences on GuruFocus.com and how we can improve!

Take Survey

Disclaimers

GuruFocus.com is not operated by a broker or a dealer. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes are provided by QuoteMedia, Inc. (CSI). Company fundamental data is provided by Morningstar. Analyst estimates data is sourced from both Refinitiv and Morningstar, with priority given to Refinitiv data. Data is updated daily.