AJ Bell Plc (AJB.L), an investment platform, on Friday recorded a rise in earnings for the first half, reflecting increased revenue. For the six-month period to March 31, the company posted a profit before tax of 68.833 million pounds, higher than 61.396 million pounds reported for the same period last year.
Net profit was 51.161 million pounds, or 12.36 pence per share, compared with 45.950 million pounds, or 11.11 pence per share in the previous year. Operating profit stood at 65.506 million pounds as against 58.929 million pounds in 2024.
AJ Bell Investments sustained its strong growth, with its MPS products growing in popularity among financial advisers. This resulted in total Assets Under Management, or AUM, increasing 10% from 6.8 billion pounds as of September 30, 2024, to 7.5 billion pounds as of March 31, 2025.
Revenue was 153.2 million pounds, up from the prior year's 131.3 million pounds. This growth was primarily driven by robust ad valorem revenues and elevated transactional dealing volumes.
The company will pay an interim dividend of 4.50 pence per share on June 27 to shareholders on the register as of June 6.
Looking ahead, Michael Summersgill, CEO of AJ Bell, said: "In the first half of the year we have delivered strong financial results. We expect this momentum to continue with full-year revenue and PBT anticipated to be higher than that previously guided at the start of the financial year."
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