Allfunds Group (ALLFG) Q1 2026 TU earnings summary

Executive summary

• Assets under administration (AUA) reached EUR 1.766 trillion at the end of Q1 2026, up 16.4% year-over-year, demonstrating platform resilience amid challenging markets.

• Achieved continued growth in client onboarding with 21 new distributors and 56 fund partners in Q1 2026.

• Platform service AUA grew 14.6% year-on-year to EUR 1.253 trillion, driven by strong net flows from both new and existing clients.

• D&A business AUA increased 21% year-on-year to EUR 512.3 billion.

• Alternatives business AUA surged 61% year-on-year to EUR 37.9 billion, with a 68% increase in assets under distribution agreements.

Financial highlights

• Total revenues were EUR 170.9 million, up 8.3% year-on-year.

• Platform revenues rose 8.4% year-on-year to EUR 157.8 million.

• Commission revenues increased 13.9% year-on-year to EUR 103.2 million.

• Transaction revenues grew 1.5% year-on-year to EUR 33.5 million.

• Net Treasury Income declined 3.9% year-on-year to EUR 21.0 million due to lower interest rates.

Outlook and guidance

• On track to deliver full-year 2026 net flow target of EUR 100-120 billion.

• Management expects continued growth in alternatives and platform services following strategic refocus.

• Migrations slightly below expectations due to delayed onboarding of a scale client.