360 One Wam (360ONE) Q4 24/25 earnings summary

Executive summary

• Achieved record annual PAT of ₹1,015 crore, up 26.6% year-over-year, with total revenues at ₹2,652 crore, and strong client base and AUM growth despite volatile markets.

• Total AUM reached ₹5,81,498 crore as of March 2025, with ARR AUM at ₹2,46,828 crore, up 23.2% year-over-year, and over 440 new clients onboarded with ₹10 crore+ Wealth ARR AUM.

• Announced exclusive strategic collaboration with UBS AG, including a 4.95% equity stake, integration of UBS India Wealth Management business, and joint Apex committee.

• Completed ET Money acquisition and progressing with B&K Securities acquisition to expand broking and capital markets presence.

• Board approved FY26 first interim dividend of ₹6 per share.

Financial highlights

• Total ARR AUM rose to ₹2,46,828 crore, up 23% year-over-year, with ARR revenues up 28.2% to ₹1,701 crore, representing 70% of total operational revenues.

• Total revenues increased 35% year-over-year to ₹2,652 crore; revenue from operations was ₹2,446 crore, up 32.5% year-over-year.

• Operating profit before tax for FY25 was ₹1,228 crore, up 38.1% year-over-year.

• Cost-to-income ratio improved to 45.9% in FY25 from 48.7% in FY24.

• Tangible ROE at 24.3% for FY25.

Outlook and guidance

• Targeting 20-25% AUM growth annually, with 16-18% revenue growth and 20-25% PAT growth.

• Strategic focus on expanding institutional relationships, product innovation, and deepening domestic distribution.

• Collaboration with UBS AG expected to drive synergies in asset management and investment banking, and broaden global client access.

• Board approved raising up to ₹250 crore via non-convertible debt securities on a private placement basis.

• No major block redemptions expected; fund flows to normalize with annual cycles.