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Ninety One PLC and Ltd on Monday described its interim earnings as ‘healthy’, thanks to strong markets, a swing to net inflows and rising assets under management. The London and Cape Town-based money manager reported pretax profit of £102.2 million for the six months that ended September 30, up 10% from £93.3 million a year earlier. Net revenue was £304.7 million, up 5.0% from £290.3 million. Assets under management rose 19% to £152.1 billion as at September 30, from £127.4 billion at September 30, 2024, and were up 16% from £130.8 billion at March 31, 2025. Net inflows were £4.3 billion, recovering after net outflows of £5.3 billion a year prior, due to organic net inflows of £2.4 billion and the Sanlam inflow of £1.9 billion. Back in June, Ninety One reported the transfer of Sanlam Investments UK Ltd’s active asset management business to Ninety One UK Ltd had been completed. The UK transaction saw Ninety One UK appointed as the primary active asset manager for a specified portion of Sanlam Investments UK’s assets under management, starting on Monday. ‘The combination of strong markets, competitive investment returns, net inflows and ongoing cost control has delivered healthy earnings growth,’ Founder & Chief Executive Officer Hendrik du Toit said. ‘We see early evidence of a demand recovery for emerging markets and differentiated active investment management,’ Du Toit said. Ninety One declared an interim dividend of 6.0 pence, up 11% from 5.4p. Basic earnings per share and headline EPS both rose 14% to 8.9p from 7.8p. Going forward, Ninety One said it sees renewed opportunity for growth and remains ‘firmly focused on building the active investment manager of the future with pace and intensity’. Ninety One shares in London declined 2.2% to 215.00p on Monday morning. In Johannesburg, Ninety One Ltd shares were down 2.0% to R 47.16, and Ninety One PLC shares were 2.0% lower at R 48.37. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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