Ninety One announces full-year results for year ended 31 March 2021

Ninety One Says Full-Year AUM Rises 27% to Record £130.9 billion, Firm-Wide Investment Performance Improves.
Ninety One Says Full-Year AUM Rises 27% to Record £130.9 billion, Firm-Wide Investment Performance Improves.

Ninety One said assets under management for the year ended 31 March 2021 increased by 27% to a record £130.9 billion, driven by the market recovery. Firm-wide Investment performance improved, with three-year outperformance at 82%.

Profit before tax rose 3% to £204.1 million, bolstered by higher performance fees and flat costs. Adjusted operating profit advanced 9% to £206.2 million. Ninety One recorded net outflows of £197 million, while average assets under management were 1% higher, at £119.9 billion.

The Board of Ninety One proposed a final dividend of 6.7p, resulting in a full-year dividend of 12.6p.

Ninety One, which is marking its first year operating as an independently listed company and its 30th year in business, said basic earnings per share increased 1% to 16.9p and adjusted earnings per share rose 6% to 17.0p.

“We remain excited by the long-term growth opportunities for Ninety One,” Chief Executive Officer Hendrik du Toit said. “It is our intention to continue on our well-established organic growth path.”

The firm’s strategy, articulated at listing last year, is unchanged, encompassing a simple and capital-light model; consistent investment for growth; an owner culture; and long-term relevance to clients.

Fact sheet

  • Ninety One will join the Net Zero Asset Managers Initiative, which supports investing aligned with the goal of net zero emissions by 2050 or sooner, and will advocate for a fair transition.
  • Ninety One’s staff ownership rose to 23% from 21%.
  • Ninety One, led by CEO and founder Hendrik du Toit, is marking its 30th year in business and its first year as an independently listed company.
  • Ninety One, which is dual listed in London and Johannesburg, serves the institutional and advisor markets.
  • Ninety One has five regionally defined client groups (the UK, Africa, Europe, the Americas, and Asia Pacific), 21 offices in 14 countries, and five primary investment centres.
  • Ninety One’s asset class offerings comprise equities, fixed income, multi-asset, and alternatives.

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