UK's Jupiter Fund Management adjusted pretax profit beats estimates; sees net positive flows in early 2026

Jupiter Fund Management

26/02/2026 07:19

Overview

UK asset manager's adjusted pretax profit beat analyst expectations, driven by performance fees

Company's assets under management rose 19% to £54 bln, aided by acquisitions

Company completed CCLA acquisition in February, adding £15 bln to AUM

Outlook

Jupiter targets 70% cost:income ratio in medium term

Company sees positive client sentiment and net positive flows in early 2026

Jupiter expects less correlated markets to benefit active managers

Result Drivers

PERFORMANCE FEES - Strong performance fees of £120.3m contributed significantly to underlying profit growth

POSITIVE NET INFLOWS - Company achieved net inflows of £1.3bn, first positive calendar year since 2017

CCLA ACQUISITION - Completion of CCLA acquisition added £15bn to AUM and opened new client channel

Company press release: ID:nRSZ4439Ua

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
FY Adjusted Pretax Profit
Beat
GBP 138.30 mln
GBP 96.70 mln (8 Analysts)
FY Assets Under Management
GBP 54 bln
FY Pretax Profit
GBP 131.90 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 5 "hold" and 1 "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 Jupiter Fund Management PLC is GBp156.00, about 17% below its February 25 closing price of GBp188.00

The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 13 three months ago

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.)