UK's Quilter beats annual prelim adjusted pretax profit estimates

Quilter

04/03/2026 07:10

Overview

UK wealth manager's preliminary adjusted pretax profit rose 6%, beating analyst expectations

Company reported record net inflows and improved operating margin to 30%

Company announced £100 mln share buyback and new distribution policy

Outlook

Quilter expects high single to double digit growth in adjusted profit for 2026

Quilter plans a £100 mln share buyback program to be completed by end of 2026

From 2026, Quilter to distribute 70% of post-tax earnings via dividends and share buybacks

Result Drivers

RECORD NET INFLOWS - Quilter reported record net inflows of £9.1 bln, driven by strong performance in Affluent and High Net Worth segments

DUAL-DISTRIBUTION MODEL - Quilter's dual-distribution strategy contributed to strong inflows and growth opportunities, according to CEO Steven Levin

TECHNOLOGY INVESTMENTS - Quilter's investment in AI tools and technology enhanced adviser productivity and customer experiences

Company press release: ID:nRSD2102Va

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
FY Adjusted Pretax Profit
Beat
GBP 207 mln
GBP 178.80 mln (12 Analysts)
FY Dividend
GBP 0.04
FY Operating Margin
30.00%
FY Pretax Profit
GBP 163 mln
FY ROE
10.80%
FY Solvency Ratio
200.00%


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "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 Quilter PLC is GBp203.50, about 8.9% above its March 3 closing price of GBp186.80

The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 16 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.)