Quilter (QLT) Q4 2024 TU earnings summary

Executive summary

• Achieved record core net inflows of £5.2bn in 2024, with Q4 delivering the strongest performance at £2.0bn, representing 7% of opening AuMA annualised.

• Group AuMA reached £119.4bn at year-end, up 12% year-over-year, driven by strong net inflows and a positive currency impact.

• Both Affluent and High Net Worth segments showed robust new business momentum, with significant improvement in net inflows compared to 2023.

Financial highlights

• Q4 2024 core net inflows of £1,960m, up 30% from Q3 and significantly above Q4 2023 (£175m).

• Full-year gross inflows rose to £16,044m from £11,174m in 2023; core net inflows increased to £5,200m from £832m.

• Platform net inflows hit a record £1.9bn in Q4, representing 9% of opening AuMA annualised.

Outlook and guidance

• Management expects to provide a progress update on the ongoing Adviser Evidence Review with preliminary results in March 2025.

• Forward-looking statements highlight exposure to macroeconomic, geopolitical, and regulatory risks, including market volatility and tax changes.