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Allfunds Group (ALLFG) investor relations material
Allfunds Group H2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved record assets under administration (AUA) of €1.76 trillion, up 17% year-over-year, driven by strong net flows and positive market performance.
Strategic review and refocus led to restructuring and divestment of non-core businesses, including exits from WebFG, ManCo Luxembourg, and Mainstreet Partners, to concentrate on core strengths and scalable opportunities.
Announced board-recommended acquisition by Deutsche Börse at a substantial premium, with a shareholder vote scheduled and offer including cash, shares, and additional dividends.
Expanded partnerships, notably with MSCI for ESG data and Waystone for ManCo services, enhancing client offerings and operational efficiency.
Alternatives and ETFs highlighted as key growth drivers, with alternatives AUA up 74% year-over-year and ETF platform moving to full production.
Financial highlights
Net revenues reached €639.9 million, a 5% increase year-over-year and 10% growth excluding net treasury income.
Adjusted EBITDA rose 4% to €417.3 million, with a margin of 65.2% on a constant perimeter.
Adjusted profit after tax increased 10% to €254.6 million; adjusted EPS up 12% year-over-year to €0.42.
Returned €160 million to shareholders via dividends and share buybacks.
Normalised free cash flow increased 10.3% to €239.1 million.
Outlook and guidance
2026 net flows expected between €100 billion and €120 billion, representing double-digit growth on beginning-of-period AUA.
Total revenue growth projected in the mid to high single digit range; adjusted EBITDA margin expected to improve versus 2025 constant perimeter and align with 2025 reported margin.
Full operational launch of ETF platform expected in 2026, with ongoing feature expansion.
Focus remains on capturing flows across asset classes, especially mutual funds, alternatives, and ETFs.
Management confident in strategic direction and value creation following Deutsche Börse acquisition.
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