Premier Miton Group (PMI) investor relations material

AuM and flows

• AuM £8.1bn at 30 September 2026 vs £10.3bn a year earlier; Q4 net outflows £428m and market/investment performance reduced AuM by £102m.

• Q4 flows included £128m net inflows to fixed income; absolute return had £244m net outflows and international equity £146m.

• FY net outflows totalled £2.578bn, partly offset by £352m of positive market/investment performance.

• Cash balances were £26m at 30 September 2026.

Performance and flows

• AuM performing above median+ reached 74% YTD, 71% over one year and 68% over three years.

• 21 funds ranked in the first or second quartile YTD, including 11 first-quartile funds.

• Net outflows eased significantly in September after elevated July and August redemptions; US and European equity redemption rates fell 80% and 40%, respectively, in Q4 vs earlier FY quarters.

• Gross sales exceeded £2.7bn for the seventh consecutive year; fixed income and macro thematic multi-asset funds continued to attract demand.

Cost savings and outlook

• A further £1.5m of annualized cost savings was identified, expected over the next 12 months, with a £0.3m one-off cost.

• UK equity performance strengthened; US strategy changes supported greater AuM stability, while European equity relative performance improved.

• Stabilizing net flows and eventual growth depend on sustained investment performance and continued moderation in redemptions.

• FY2026 results are scheduled for 3 December 2026.