Jupiter Fund Management plc released its half-year report for the period ended June 30, 2025. The company had a strong start to the year with growing momentum and made progress toward its strategic objectives. They announced a cost-saving target and the acquisition of CCLA Investment Management Limited, subject to regulatory approval. Despite outflows in the first quarter, net inflows in the second quarter resulted in net outflows of £0.2bn for the six-month period. Assets under management increased by 4% to £47.1bn. Total operating costs were lower at £125.4m compared to £129.1m in the same period last year. Underlying profit before tax was £30.4m, and statutory profit before tax was £27.5m. The company announced an ordinary dividend of 2.1p per share. The CEO, Matthew Beesley, commented on the positive momentum and improving investment performance. The company provided a management statement, highlighting an improvement in client sentiment and cost efficiency. They also discussed the acquisition of CCLA, which will add scale and leverage efficiencies. Gross flows returned to normal levels, and there was an improvement in retail client demand. The Systematic equities capability generated £2bn of net inflows. The Groups expected capital surplus increased, and they announced an additional capital distribution to shareholders. The Groups goodwill asset was not impaired. Intangible assets comprise computer software, and there were no disposals. Financial instruments held at fair value include seed investments and assets held to hedge compensation awards. Cash and cash equivalents have an original maturity of three months or less. The Groups Tier 2 subordinated debt notes were fully redeemed in April 2025. The Board declared an interim dividend of 2.1p per ordinary share. The Groups principal risks remain unchanged, and they continue to manage them effectively. The Group uses alternative performance measures (APMs) to provide useful information for users of the accounts. Ernst & Young LLP provided an independent review report, concluding that the condensed consolidated set of financial statements is prepared in accordance with the relevant standards.
| Year | AUM (£bn) | Net Flows (£bn) | Net Revenue (£m) | Profit Before Tax (£m) | EPS (p) |
|---|---|---|---|---|---|
| 30 June 2025 | 47.1 | (0.2) | 153.9 | 27.5 | 4.1 |
| 30 June 2024 | 51.3 | (3.4) | 173.7 | 38.7 | 5.4 |
| 31 December 2024 | 45.3 | (10.3) | 364.1 | 88.3 | 12.5 |