Schroders (SDR) Q4 2025 TU earnings summary

Executive summary

• Annual results for 2025 are expected to exceed market expectations on adjusted operating profit, with preliminary figures showing strong performance across key metrics.

Financial highlights

• Adjusted operating profit for FY25 of at least £745 million, up from £603.1 million in FY24.

• Adjusted net operating income of at least £2,580 million, compared to £2,437.1 million in FY24.

• Adjusted operating expenses expected to be broadly flat year-over-year at £1,834.0 million.

• Adjusted operating cost:income ratio expected at approximately 71%, improved from 75% in FY24.

Outlook and guidance

• Commitment to transformation target of £150 million annualised net savings by end of 2027.

• Annual results for the year ended 31 December 2025 will be announced on 12 February 2026.