UK's Ashmore FY26 profit rises 17% as AuM grows 13%
UK's Ashmore FY26 profit rises 17% as AuM grows 13%
Overview
UK emerging markets asset manager's FY26 profit before tax rose 17% yr/yr
Assets under management increased 13% to $54.0 bln, supported by net inflows and investment performance
Adjusted net revenue fell 7% yr/yr, mainly due to lower performance fees
Outlook
Ashmore expects emerging markets to benefit from global capital expenditure and growth differentials
Company sees potential for further investor rebalancing toward emerging markets as U.S. assets face scrutiny
Ashmore says it is well-positioned to capture flows as sentiment toward emerging markets improves
Result Drivers
INVESTMENT PERFORMANCE - Strong investment returns in emerging markets generated $3.7 bln and supported AuM growth, per company
NET INFLOWS - Net inflows of $2.7 bln across fixed income, equities and alternatives contributed to AuM increase, per company
SEED CAPITAL RETURNS - Profit before tax and EPS growth driven by £82.5 mln gain on seed capital, per company
Company press release: ID:nRSG6435Ta
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
FY Pretax Profit |
| GBP 126.90 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy", 1 "hold" and 5 "sell" or "strong sell"
The average consensus recommendation for the investment management & fund operators peer group is "buy."
Wall Street's median 12-month price target for Ashmore Group PLC is GBp200.00, about 8.4% below its September 4 closing price of GBp218.40
The stock recently traded at 29 times the next 12-month earnings vs. a P/E of 25 three months ago
Reuters Recommended Reads
Sept 4 - Private credit roundup: Software marks and Blackstone's backlog of redemptions
Sept 4 - Global money funds draw biggest inflow in nearly a month as investors turn cautious
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)