## AJ Bell PLC Final Results Summary
**Key Highlights**
* **Strong Financial Performance** AJ Bell reported record revenue of £317.8 million (up 18%) and profit before tax (PBT) of £137.8 million (up 22%) for the year ended September 30, 2025. This growth was driven by increased customer numbers, assets under administration (AUA), and operational efficiency.
* **Customer Growth** The company added 102,000 new customers, reaching a total of 644,000, representing a 19% increase. This growth was fueled by both advised and direct-to-consumer (D2C) channels.
* **AUA Growth** AUA reached a record £103.3 billion, up 19%, driven by net inflows of £7.5 billion and favorable market movements.
* **Shareholder Returns** AJ Bell increased its dividend by 14% to 14.25 pence per share, marking the 21st consecutive year of dividend growth. The company also announced a £50 million share buyback program for FY26.
* **Operational Efficiency** The companys scalable business model resulted in a PBT margin of 43.4%, demonstrating its ability to manage costs effectively while investing in growth.
**Business Segments**
* **Platform Business** The core platform business saw excellent growth in customer numbers and AUA, driven by strong net inflows and market performance.
* **AJ Bell Investments** Assets under management (AUM) increased by 31% to £8.9 billion, reflecting strong inflows and investment performance.
* **Non-Platform Business** The sale of the Platinum SIPP and SSAS business was completed in November 2025, simplifying the business model and allowing focus on the core platform.
**Outlook**
* **Market Opportunity** The UK platform market remains attractive, with significant growth potential as more assets move onto platforms.
* **Investment in Growth** AJ Bell plans to increase investment in brand, marketing, and propositions to accelerate growth in FY26.
* **Confidence in Outlook** Management expressed confidence in the companys prospects, highlighting its scalable model, strong capital position, and focus on long-term growth.
**Key Metrics**
* **Revenue** £317.8 million (up 18%)
* **PBT** £137.8 million (up 22%)
* **Diluted EPS** 25.56 pence (up 26%)
* **AUA** £103.3 billion (up 19%)
* **AUM** £8.9 billion (up 31%)
* **Customer Retention Rate** 94%
**Overall**
AJ Bells final results demonstrate strong financial performance, customer growth, and operational efficiency. The company is well-positioned to capitalize on the growing UK platform market and continues to prioritize shareholder returns through dividends and share buybacks. The focus on investment in growth initiatives and its scalable business model bode well for its future prospects.