**Summary of Jupiter Fund Management PLCs Annual Financial Report (2025)**
**Overview**
Jupiter Fund Management PLC reported strong financial results for the year ended December 31, 2025, marked by significant growth in assets under management (AUM), positive net inflows, and improved profitability. The company highlighted material progress in its strategic objectives, including increased scale, reduced complexity, and enhanced client relationships.
**Key Financial Highlights**
**Underlying Profit Before Tax** Increased by 42% to £138.3 million (2024: £97.5 million), driven by performance fees of £120.3 million (2024: £31.2 million).
**Statutory Profit Before Tax** Rose to £131.9 million (2024: £88.3 million).
**Assets Under Management (AUM)** Grew by 19% to £54.0 billion (2024: £45.3 billion), supported by net inflows and market movements.
**Net Inflows** Recorded £1.3 billion (2024: net outflows of £10.3 billion), the first year of positive net inflows since 2017.
**Cost Management** Administrative expenses (before performance fees and exceptional items) decreased by 2% to £255.5 million (2024: £260.5 million).
**Strategic Achievements**
**Acquisitions** Completed the acquisition of CCLA Investment Management, adding £15 billion to AUM and expanding into the non-profit client segment. Also acquired Origin Asset Management.
**Cost Savings** Delivered cost savings ahead of schedule and reconfirmed synergy targets for the CCLA acquisition.
**Dividends and Share Buyback** Announced a final ordinary dividend of 2.3p per share, a special dividend of 5.7p per share, and a share buyback program of up to £30 million, representing a 50% distribution of 2025 performance fee revenue.
**Operational Performance**
**Net Revenue** Increased by 18% to £431.0 million (2024: £364.1 million), driven by higher performance fees.
**Investment Performance** 68% of mutual fund AUM outperformed their peer group over three years, with nearly half in the top quartile.
**Client Sentiment** Improved, leading to positive net inflows across both institutional and retail & wholesale channels.
**Outlook**
The company expressed confidence in its ability to achieve its medium-term target of a 70% cost:income ratio, supported by improved investment performance, strategic acquisitions, and disciplined cost management. Jupiter Fund Management PLC is well-positioned to benefit from potential shifts in client allocations and market conditions.
**Management Commentary**
Chief Executive Matthew Beesley emphasized the companys strong performance, strategic progress, and improved client sentiment. He highlighted the successful integration of acquisitions and the focus on cost discipline, positioning the company for continued growth and value creation.
**Conclusion**
Jupiter Fund Management PLCs 2025 results reflect robust financial and operational performance, strategic advancements, and a positive outlook. The companys focus on scale, cost efficiency, and client relationships has strengthened its position in the asset management industry.