Rathbones Group PLC (OTCPK:RTBBF)

Half Year 2025 Rathbones Group PLC Earnings Call Transcript

Jul 30, 2025 / 09:00 AM GMT

Release Date Price: $25.61

Transcript

Key Points

Positve

Rathbones Group PLC (RTBBF) completed the planned migration of Investec Wealth and Investment, marking a significant milestone in their integration journey.
The company announced a proposed share buyback of 50 million pounds, the first in its 283-year history, reflecting confidence in its business model and future prospects.
Operating income increased to 449.1 million pounds for the first half, showing resilience despite market volatility.
Synergies from the integration of Investec Wealth and Investment are expected to deliver 60 million pounds by the end of 2025, ahead of schedule.
Rathbones Group PLC (RTBBF) is launching new propositions, including a model portfolio service and charity authorized investment fund, to enhance its market offerings.

Negative

Underlying profit before tax reduced by 4.4 million pounds due to temporary and longer-term cost factors.
Net outflows were reported for the half year, although the position improved in the second quarter.
The asset management segment experienced a decrease in fee margins due to a shift towards lower margin multi-asset funds.
Temporary cost increases amounted to 5.2 million pounds, including costs related to transitioning technology services.
The company faces challenges from macroeconomic factors such as interest rate changes and market volatility, impacting net interest margins and investment sentiment.

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

RAT.L - Rathbones Group PLC
Half Year 2025 Rathbones Group PLC Earnings Call
Jul 30, 2025 / 09:00AM GMT

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Presentation
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Unidentified_1 [1]
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Good morning.

And a very warm welcome to Rathbone's 2025 1st half results. I hope you enjoyed the video.

Invest well, live well, rathbones at its best.

Thank you Simonetta.

And thank you to everybody who is joining us in person here today and for those who are online.

We are recording today's presentation, so if I could politely ask you and remind everybody who is physically with us to switch off the phone, I would be most grateful, put them on silent.

For those who do not know me, my name is Clive Banister, and I have the honor to chair Rathbone's PLC.

And I'm joined here today by our chief executive, Paul Stockton, our Chief Financial Officer, Ian Hooley, and

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