Allfunds falls on H1 adj. EBITDA miss

Allfunds

29/07/2025 08:56

** Shares in Allfunds ALLFG.AS fall 2.6%,pares losses after falling as much as 8%, after the fund distribution company reported H1 adjusted EBITDA growth below market expectations

** H1 adj. EBITDA grew by 3.6% to 205.9 million euros  ($237.53 million), missing consensus by 2.8%

** H1 revenue grew by 6.2% to 317 million euros, missing consensus by 1.3%, with ING pointing to the timing of flows and market movements as "not evenly spread through the half"

**  "Revs guidance (based on flat 2H markets) points to a slightly softer development, partly due to lower subs income

growth," Jefferies says

** The group guided for H2 adjusted EBITDA margin to remain at around 65%, flat vs H1 2025

** Up to the previous session's close, shares were up 39.3%​ YTD

($1 = 0.8669 euros)

 (Reporting by Anna Peverieri)

 ((Anna.peverieri@thomsonreuters.com))