Aberdeen Group posted a broadly flat adjusted operating profit of £125 million for the half year down just 2% from £128m with its DIY investor platform a stand-out performer.
IFRS profit before tax rose 45% to £271m from £187m, while assets under management and administration (AUMA) grew by 1% to £517.6 billion from £511.4bn.
The interactive investor platform enjoyed record net inflows and a 25% increase in profit. AUMA was up 9% to £84.7bn (FY 2024: £77.5bn), with net inflows increasing by 29% to £4bn. The adviser division has been repriced to help the return to growth.
The company said it is on track to deliver the target of at least £150m of cost savings on an annualised basis by the end of 2025. The interim dividend is maintained at 7.3p.
Commenting on the half-year figures, Jason Windsor, chief executive, said: “In the first six months of 2025 we have made good progress against our strategic ambition to become the UK’s leading Wealth & Investments group. Our financial performance reflects our transition to achieving our growth and efficiency targets.
“interactive investor continues to go from strength to strength, delivering sustained growth in customers and profit with record net inflows. Our decision to reprice in Adviser had the expected impact on profitability. With Q2 net flows at their best level for over two years and much improved service and sales performance, the foundations are in place to return Adviser to growth.
“In Investments we have made further progress in improving efficiency, which has kept profits stable as we reposition the business towards our strengths in credit, specialist equities and real assets.
“Looking ahead, there is clear growth potential across all three of our businesses and we remain focused on delivering against our 2026 targets.”
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