Liontrust (LIO) investor relations material

Executive summary

• Net outflows of £0.8 billion for the quarter ended 31 March 2026, an improvement from £1.3 billion outflows in the prior year period.

• Assets under management and advice (AUMA) were £19.6 billion at 31 March 2026, rising to £20.8 billion by 20 April 2026.

• Two new institutional mandates totaling over £500 million expected to be funded before end of May 2026.

• Acquisition of River Global Holdings Limited (RGH) approved, adding £2.6 billion in AUMA and expanding investment styles and client base.

• Positive outlook driven by international distribution expansion and strong European strategy performance.

Financial highlights

• Net outflows for the period were £836 million, compared to £1,284 million in the same period last year.

• AUMA breakdown as of 31 March 2026: £19,554 million, with significant allocations to Sustainable Investment (£5,309m), Cashflow Solution (£4,086m), and Multi-Asset (£3,550m).

• Market and investment performance contributed to a decrease in AUMA during the period.

Outlook and guidance

• Anticipates funding of over £500 million from new institutional mandates in the current quarter.

• Expects to benefit from increased demand for active management and further international expansion, particularly in the Middle East and Asia.

• Well positioned for organic growth and to realize benefits from the RGH acquisition.