Aberdeen Group boosted by stock market surge – Daily Business

Aberdeen Group said its assets grew strongly on the back of surging stock markets which helped drive up profits at the Edinburgh based investment company.

Adjusted operating profit increased by 4% to £264 million and IFRS profit before tax rising 76% to £442m, largely due to investment gains.

The company exceeded its transformation savings target, delivering £180m in annualised cost savings though the full-year dividend is only maintained at 14.6p.

Assets under management and administration (AUMA) increased by 9% to £556 billion, driven by positive market movements and strong net inflows from interactive investor, which saw its adjusted operating profit surge by 34%.

The Adviser segment experienced lower profits due to strategic repricing, but outflows improved, and Investments saw a 5% increase in adjusted operating profit due to cost efficiencies.

The company said it remains committed to its FY 2026 targets and sees clear opportunities for sustainable, profitable growth.

Jason Windsor, chief executive, said: “Our efforts over the last twelve months mean Aberdeen is in much better shape as we pursue our ambition to be the UK’s leading Wealth & Investments group. Our adjusted operating profit is up 4%.

“ii is undoubtedly one of the UK’s most exciting fintechs, with strong growth in customers and profits testament to its competitiveness. With higher customer engagement, a pipeline of proposition enhancements and our compelling price point, we see significant opportunities for future growth.

“As expected, last year’s strategic repricing impacted profitability in Adviser. However, we have made progress, with net outflows almost halving year on year, and improved client service. We still have more to do, and our focus remains on returning to growth as quickly as possible.

“In Investments, cost discipline supported a 5% increase in adjusted operating profit, with revenues impacted by asset mix. In Institutional & Retail Wealth, gross flows (excluding liquidity) strengthened by over 50%, with improved investment performance.

“We have entered 2026 with momentum and remain firmly focused on delivering our 2026 group targets and sustainable growth beyond this.”