Ninety One PLC (JSE:N91)

Full Year 2025 Ninety One PLC Earnings Call Transcript

Jun 4, 2025 / 08:00 AM GMT

Release Date Price: R41.9 (+7.63%)

Transcript

Key Points

Positve

Ninety One PLC (FRA:3XH) recorded positive net flows in the second half of the year, reversing the negative trend from the first half.
Assets under management increased by 4% to 130.8 billion pounds, indicating growth in the company's asset base.
The company has opened two new offices in the Middle East, expanding its geographical footprint and intensifying activity in the region.
The transaction with Sunamm is expected to grow assets under management by approximately 17 billion pounds and offers preferred access to their distribution network.
Ninety One PLC (FRA:3XH) has been actively investing in AI and technology to enhance efficiency and effectiveness, positioning itself as a future-ready investment manager.

Negative

Net outflows were 4.9 billion pounds, although improved from the previous year's 9.4 billion, still indicating challenges in retaining client assets.
Basic earnings per share declined by 7% to 17.2% per share, and adjusted earnings per share declined by 3% to 15.5%.
The full year dividend decreased by 1% to 12.2%, reflecting a reduction in shareholder returns.
The adjusted operating profit margin decreased from 32% to 31.2%, indicating pressure on profitability.
The company faces intense competition for client assets and pricing pressure in the market, which could impact future growth and profitability.

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

N91.L - Ninety One PLC
Full Year 2025 Ninety One PLC Earnings Call
Jun 04, 2025 / 08:00AM GMT

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Presentation
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Unidentified_1 [1]
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Good morning, ladies and gentlemen, and welcome to our results presentation.

The past year was another tough year for the active asset management industry and even more challenging for those who offered emerging market and international active strategies like '91.

However, I'm delighted to report that we performed in line with our expectations set at the half year stage.

We did significantly better over the second half, recording positive net flows and benefits from higher benefited from higher average assets under management.

We also delivered credible investment performance, and the overall performance picture is stronger than a year ago.

The market for new business remains extremely

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