**Summary of Tatton Asset Management PLCs Unaudited Interim Results for the Six Months Ended 30 September 2025**
Tatton Asset Management PLC reported strong unaudited interim results for the six months ended 30 September 2025, highlighting double-digit organic growth in revenue and adjusted operating profit. Key financial and operational highlights include
### **Financial Highlights**
**Revenue Growth** Increased by 18.6% to £25.691 million (Sep 2024: £21.660 million).
**Adjusted Operating Profit** Up 20.4% to £13.111 million (Sep 2024: £10.894 million), with a margin of 51.0% (Sep 2024: 50.3%).
**Adjusted Fully Diluted EPS** Rose 17.2% to 16.02p (Sep 2024: 13.67p).
**Net Cash Position** Strengthened to £34.1 million (Mar 2025: £32.1 million).
**Interim Dividend** Increased by 26.3% to 12.0p (Sep 2024: 9.5p).
### **Operational Highlights**
**Assets Under Management/Influence (AUM/I):** Grew 29.6% to £25.848 billion (Sep 2024: £19.948 billion), driven by £1.7 billion in net inflows.
**Net Inflows** Organic net inflows of £1.684 billion (Sep 2024: £1.832 billion), with an annualised growth rate of 16.1%.
**IFA Firms and Accounts** IFA firms increased by 5.4% to 1,170, and accounts grew by 8.6% to 167,150.
**Paradigm Mortgages** Completions rose 30.3% to £8.6 billion, with member firms increasing to 1,960.
**Paradigm Consulting** Members grew to 426 (Mar 2024: 425).
### **Strategic Review**
**Tatton Division** Delivered 20.7% revenue growth to £22.348 million, with adjusted operating profit up 22.0% to £14.291 million. AUM/I increased to £25.848 billion, supported by strong net inflows and investment performance.
**Paradigm Division** Revenue grew to £3.343 million, with adjusted operating profit of £0.969 million. Paradigm Mortgages saw record applications of £11.1 billion in H1 FY26, up 44% year-on-year.
**Market Position** Tatton remains the UKs leading Model Portfolio Services (MPS) provider, with a competitive pricing model, consistent investment performance, and a strong service proposition.
### **Outlook**
Despite macroeconomic and geopolitical challenges, Tatton is well-positioned to maintain momentum, supported by structural growth in demand for financial advice and model portfolio solutions.
The Group remains confident in achieving its £30 billion AUM/I target by FY29 and delivering results in line with market expectations for the full year.
### **Key Metrics and Targets**
**AUM/I Target** On track to reach £30 billion by FY29.
**Dividend Policy** Interim dividend increased to 12.0p, reflecting strong financial performance and liquidity.
**Regulatory Capital** Maintained significant headroom over regulatory requirements, with total qualifying capital resources at 386% of the requirement.
In summary, Tatton Asset Management PLC demonstrated robust growth and resilience in the first half of FY26, underpinned by strong net inflows, consistent investment performance, and strategic expansion across its divisions. The Group remains optimistic about its long-term growth prospects despite external challenges.