Highlights:
- A year of significant headwinds.
- Solid financial performance, supported by cost discipline.
- Assets under management (“AUM”) decreased by 10% to £129.3 billion, average AUM reduced by 3% to £134.9 billion.
- Net outflows of £10.6 billion.
- Competitive firm-wide investment performance with three-year outperformance at 71%.
- Profit before tax reduced by 20% to £212.6 million. Adjusted operating profit decreased by 10% to £206.9 million.
- Basic earnings per share decreased 19% to 18.2p and adjusted earnings per share decreased 10% to 17.3p.
- Strong balance sheet with no debt.
- Proposed final dividend of 6.7p per share, resulting in a full year dividend of 13.2p per share.
Hendrik du Toit, Founder and Chief Executive Officer, commented: “The past year was challenging for Ninety One. We faced significant headwinds. We nevertheless remain confident of the underlying strength of our business and the relevance and quality of our proposition to clients. Our people are united and motivated to serve our clients and unlock the compelling long-term growth potential of Ninety One.”
Read our results announcement