UK's Ashmore bottoms FTSE midcaps after core profit miss

Ashmore

05/09/2025 08:31

** Shares of Ashmore ASHM.L fall as much as 14.7% to 145.9p

** Emerging markets-focused asset manager Ashmore is top loser on FTSE mid-cap index .FTMC, which is up 0.3%

** Co's H2 2025 adjusted EBITDA comes in 22% below company-compiled consensus, while revenue misses by 7%, JPM analysts say

** The revenue miss reflects a 6% shortfall in management fees, driven by a lower-than-expected fee margin - JPM

** ASHM's annual adj pre-tax profit of 70.1 million pounds ($94.70 million) comes below the 105.4 million pounds from last year

** YTD, stock up 7% while FTSE mid-cap index gains 4.4%

 (Reporting by DhanushVignesh Babu in Bengaluru)

 ((DhanushVignesh.Babu@thomsonreuters.com;))