Allfunds Group (ALLFG) AGM 2025 summary

Opening remarks and agenda

• Meeting opened with introductions of the Board, executive team, and auditor, confirming quorum and agenda overview.

• Agenda included CEO's review of 2024 performance, strategic highlights, governance update, Q&A, and voting on resolutions.

Financial performance review

• Achieved record AUA, revenues, and profits in 2024, with net revenues of EUR 632 million (+16%) and adjusted EBITDA of EUR 422 million (+18%).

• Adjusted net profit reached EUR 253 million (+16% YoY); AUA excluding discontinued operations rose to EUR 1.503 trillion (+17%).

• Platform services grew 22%, and subscription-based business increased 13%, now 11% of total revenues.

• Q1 2025 update: AUA up 13.2% YoY to EUR 1.517 trillion, net flows of EUR 34.6 billion, and net revenue of EUR 162.6 million (+10.3%).

Dividend announcements

• Increased dividend to EUR 80 million, raising payout ratio to 32%.

• Share buyback program of EUR 250 million proposed, with potential for acceleration depending on market conditions.