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Polar Capital Holdings PLC on Wednesday said flow momentum improved ‘materially’ as the financial year progressed led by demand for technology. The specialist active asset manager said assets under management rose 43% to £30.6 billion at March 31 from £21.4 billion the year prior, and had risen further to £44.7 billion at June 19. ‘Flow momentum improved materially as the year progressed. After a more challenging first half, the group returned to positive net inflows in December and delivered a strong finish, with £1.4 billion of net inflows in the final quarter,’ the firm said. Encouragingly, this momentum has continued into financial 2027, the firm said, with net inflows of £2.3 billion in the period April 1 to June 19. ‘Inflows were led by our technology and artificial intelligence strategies, reflecting sustained client demand for exposure to structural growth themes,’ the company said. Shares in the company rose 2.8% to 915.69 pence each in London on Wednesday. Pretax profit increased by 49% to £76.9 million in the financial year ended March 31 from £51.6 million the year prior, with revenue of £264.3 million, up from £222.1 million. Diluted earnings per share improved to 59.2 pence from 36.1p on-year, with adjusted diluted EPS more than doubled to 57.8p from 52.6p. A second interim dividend of 32.0p per share was declared, unchanged from a year ago, taking the total payout for the financial year to 46.0p, also unchanged. With effect from April 1, the group expects to return ‘at least’ 50% of adjusted core profits to shareholders through an ordinary dividend. Excess performance fee profits and surplus capital will be returned to shareholders over time through special dividends or share repurchases, it added. For financial 2027, ‘we do not anticipate next year’s full year ordinary dividend being lower than 46p,’ the company said. Polar Capital announced a £15 million share buyback in January. Copyright 2026 Alliance News Ltd. All Rights Reserved.
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