Aberdeen Group (ABDN) investor relations material

Executive summary

• Group AUMA reached £542.4 billion, up 6% year to date, driven by positive markets and improved net flows, especially in interactive investor and Investments.

• Interactive Investor (II) delivered strong customer and asset growth, with customer numbers up 14% year-on-year to 492,000, including 20,000 from the Jarvis acquisition, and record daily trading volumes up 43%.

• Advisor segment improved customer service and net flows, with net outflows reduced by 50% year-on-year to £0.5 billion, though it remains in outflow.

• Investments AUM rose 3% year to date to £382.3 billion, with net outflows halved compared to Q3 last year, mainly due to improvements in fixed income, alternatives, and equities.

Financial highlights

• Group AUMA increased from £511.4 billion at 31 Dec 2024 to £542.4 billion at 30 Sep 2025.

• II total customers reached 492,000, including 20,000 from the Jarvis acquisition; organic growth was 10%, ahead of the 8% target.

• II net inflows were £1.9 billion, up 58% year over year; AUMA increased to £93 billion.

• Advisor assets rose 5% to £79 billion; net outflows improved by 50% to £0.5 billion compared to Q3 last year.

• Customer cash balances at II reached £7.3 billion, up from £6.1 billion a year ago.

Outlook and guidance

• Transformation programme is on track to deliver at least £150 million annualised savings by year-end, with confidence in delivering on 2026 plan and targets.

• FY2026 targets include adjusted operating profit above £300 million and net capital generation of approximately £300 million.

• Focus remains on returning to growth and achieving the 2026 net flows target of £1 billion.

• Expecting a £4.5 billion redemption from a quants mandate in Q4, with minimal revenue impact due to low margins.