Brooks Macdonald Group (BRK) H2 2025 earnings summary

Executive summary

• Achieved record FUMA of £19.2 billion, reflecting strong execution of a UK-focused strategy and completion of three financial planning acquisitions.

• Delivered 4.6% revenue growth year-over-year while maintaining flat AUA costs and strict cost discipline.

• Launched new retirement strategies and Global MPS, targeting a growing UK retirement market and building momentum.

• Integration of three acquisitions completed, forming Brooks Financial, with synergies of £1 million expected.

• Increased client base by 15%, focusing on affluent and high-net-worth clients.

Financial highlights

• FUMA increased 17% year-over-year to £19.2bn, driven by acquisitions and market performance.

• Revenue rose 4.6% to £111.6m compared to £106.7m in 2024.

• Underlying profit declined to £28.9m from £30.3m, with margin at 25.9% (down from 28.4%).

• Final dividend proposed at 51 pence, up 4.1% year-over-year; total dividend increased to 81.0p from 78.0p.

• No debt on the balance sheet, maintaining a strong financial position.

Outlook and guidance

• Medium-term targets include 5% annualised net inflows and BAU cost growth below 5%.

• Investment spend expected to remain at £15 million for FY 2026, focused on digital, AI, and product enhancements.

• Share buyback of up to £10m remains in place, with £8.1m deployed as of August 2025.

• Continued disciplined approach to M&A, prioritizing EPS accretion and attractive returns.

• Ongoing adviser engagement initiatives, including an Autumn roadshow and enhanced marketing.