Allfunds Group (ALLFG) investor relations material

Executive summary

• Achieved double-digit growth in H1 2026, with AuA reaching €1,943 billion, driven by €51 billion net inflows and favorable markets.

• Completed strategic portfolio review, including divestitures such as WebFG and Allfunds Digital, and advanced exit of ManCo via Waystone partnership.

• Expanded platform into private markets, ETFs, and tokenization, launching new ETF functionalities and blockchain initiatives, including integration with Solana.

• Recommended acquisition by Deutsche Börse AG approved by shareholders, with completion expected in H1 2027 pending regulatory approvals.

• Profitability improved, with adjusted EBITDA margin rising to 67.8% and CET1 ratio up to 34%.

Financial highlights

• Net revenues reached €337.6 million, up 9.9% year-over-year; revenue excluding NTI up 10.8%.

• Adjusted EBITDA grew 10.2% to €229 million, with margin at 67.8%.

• Adjusted profit after tax rose 10.1% to €141.5 million; adjusted EPS increased 12.2% to €0.24.

• AuA increased 21.3% year-over-year to €1,943 billion, with net inflows of €51 billion and market performance adding €84 billion.

• Commission revenue up 14.4% year-over-year to €208.1 million.

Outlook and guidance

• FY 2026 targets reaffirmed: platform services net flows of €100–120 billion, mid- to high-single-digit revenue growth, and adjusted EBITDA margin around 68%.

• Dividend policy remains sustainable, subject to market and regulatory conditions.