Aberdeen hails 'very strong' ii performance as FY profits rise

(Sharecast News) - Aberdeen reported a jump in full-year profit on Tuesday as it hailed a "very strong" performance from Interactive Investor and a continued focus on efficiency. Adjusted operating profit rose 4% to £264m, while IFRS pre-tax profit surged 76% to £442m. The latter includes a £236m gain from favourable market movements in the company's stake in Standard Life (formerly Phoenix).

Assets under management and administration rose 9% on the previous year to £556bn, with growth largely driven by positive markets.

Interactive Investor saw operating profit rise 34% to £155m, while AUMA increased to £97.5bn from £77.5bn, reflecting positive markets and record net inflows of £7.3bn, up from £5.7bn a year earlier.

In the Adviser segment, however, adjusted operating profit fell to £86m from £126m as strategic repricing impacted profitability. AUMA ticked up to £80.4bn from £75.2bn, driven by positive markets.

Aberdeen said that thanks to strong execution, it surpassed its annual savings target of at least £150m, with £84m of cost savings delivered in 2025 and £180m of annualised savings.

Chief executive Jason Windsor said: "Our efforts over the last twelve months mean Aberdeen is in much better shape as we pursue our ambition to be the UK's leading Wealth & Investments group."

He said Interactive Investor is "undoubtedly one of the UK's most exciting fintechs", with strong growth in customers and profits testament to its competitiveness.

"We have entered 2026 with momentum and remain firmly focused on delivering our 2026 group targets and sustainable growth beyond this," Windsor said.

Looking ahead, Aberdeen said it was confident in the outlook for the business and in the FY 2026 group targets of adjusted operating profit of at least £300m and net capital generation of about £300m.