Aberdeen Group (ABDN) investor relations material

Executive summary

• Group AUMA ended Q1 at £547.7bn, down from £556.0bn at year-end due to divestment, lower markets, and net outflows, but recovered to over £570bn post-quarter amid significant market volatility.

• Interactive Investor achieved record net inflows of £3.0bn, up 88% year-on-year, and 14% customer growth, with SIPP customers up 32%.

• Adviser segment saw stable net outflows of £0.6bn, improved from Q4, and appointed a new CEO to drive growth.

• Investments segment focused on profitability and resilience, with AUM declines mainly from lower margin equity redemptions, partially offset by fixed income inflows.

• Continued delivery against strategic objectives, with positive commercial momentum and key service teams brought in-house to improve client outcomes.

Financial highlights

• Group AUMA at 31 March 2026: £547.7bn, down from £556.0bn at 31 December 2025, but estimated at £573bn by 17 April 2026.

• Interactive Investor net inflows reached a record £3.0bn, up 88% year-on-year, with AUA at £95.3bn and customer cash balances up 9% to £8.7bn.

• Adviser AUMA at £78.6bn, with net outflows of £0.6bn and gross inflows of £1.9bn.

• Investments AUM at £383.4bn, reflecting £4bn lower margin equities withdrawals and adverse market movements.

• Group targets for FY2026 reaffirmed: adjusted operating profit and net capital generation of at least £300m each.

Outlook and guidance

• Ongoing geopolitical tensions and macroeconomic volatility expected to sustain market uncertainty in the short term.

• Confidence in delivering 2026 targets, with a focus on long-term profitable growth and leveraging UK Wealth market tailwinds.

• Q2 net inflows expected to include a £1.2bn advisory mandate in real assets and a £1bn sterling credit win.