Liontrust (LIO) Q1 2027 TU earnings summary

Executive summary

• Assets under management and advice (AuMA) reached £24.3 billion as of 30 June 2026, up from £19.6 billion at 31 March 2026, driven by the acquisition of River Global Holdings Limited.

• Net outflows for the period were £357 million, a significant improvement from £1.1 billion in the same period last year.

• The acquisition of River Global added £3.0 billion to AuMA and expanded investment capabilities and fund offerings.

• Recent mandate wins and improving net flow trends reflect growing global distribution and client engagement.

Financial highlights

• AuMA increased by £4.7 billion during the quarter, including £3.0 billion from River Global.

• Net outflows of £357 million included £520 million of gross institutional flows.

• Market and investment performance contributed £2.1 billion to AuMA growth.

Outlook and guidance

• Management expects the expanded investment capabilities and broader distribution to position the group well for future opportunities.

• Forward-looking statements caution that actual results may differ materially due to various risks and uncertainties.