AMP (AMP) Q3 2025 TU earnings summary

Executive summary

• Total Assets Under Management (AUM) rose 3.6% to $159.5 billion compared to the previous quarter, driven by strong inflows and positive investment markets.

• Platforms net cashflows surged 61.6% year-over-year to $1.2 billion, with AUM reaching $86.9 billion.

• Superannuation & Investments net cash outflows improved 27.8% year-over-year to $241 million, with AUM up to $60.5 billion.

• New Zealand Wealth Management AUM remained steady at $12.2 billion, with net cashflows of $64 million.

• AMP Bank's loan book grew moderately to $23.8 billion, and total deposits increased to $20.8 billion.

Financial highlights

• Platforms AUM increased 11.3% year-over-year to $86.9 billion, with North Managed Portfolios up 33.4% to $23.8 billion.

• Superannuation & Investments AUM rose 8.4% year-over-year to $60.5 billion.

• New Zealand Wealth Management AUM grew 4.7% year-over-year to $12.2 billion.

• AMP Bank total deposits were $20.8 billion, up 0.5% year-over-year, and total loans reached $23.8 billion, up 3.4%.

Outlook and guidance

• Continued focus on innovation in Platforms, including new features and managed portfolios.

• Ongoing member retention initiatives and digital advice enhancements in Superannuation.

• AMP Bank to further develop digital offerings and expand customer base.