On Thursday, Premier Miton Group PLC (PMI.L), an investment firm, reported a loss in the first half of 2026, compared to prior year's profit, as assets under management or AuM decreased due to significant net outflows. Revenues also were lower than last year.
Further, the firm trimmed its interim dividend.
On the London Stock Exchange, the shares were trading 3.36 percent lower at 36.24 pence.
In the first half, loss before tax was 0.52 million pounds, compared to a profit of 1.09 million pounds a year ago.
Loss after tax was 0.60 million pounds, in comparison with a profit of 0.52 million pounds in the prior year. Loss per share was 0.37 pence, compared to a profit of 0.32 pence in the previous year.
Adjusted profit before tax went down to 3.01 million pounds from 5.37 million pounds last year. Adjusted earnings per share went down to 1.50 pence from 2.55 pence in 2025.
Total revenue decreased to 26.92 million pounds from 33.14 million pounds in 2025.
The AuM for the period decreased to 9.0 billion pounds from 10.33 billion pounds in the same period in 2025. The decrease was due to net outflows of 1.31 billion pounds in international equity strategies, compared to 254 million pounds outflows last year.
Further, the Board declared an interim dividend of 1.5 pence per share, lower than the previous dividend of 3.0 pence per share in 2025. The dividend will be paid on August 7 to shareholders on the register at the close of business on July 10.
For the current financial year, the Board plans a total dividend of 3.0 pence per share, including a further 1.5 pence per share as a final dividend, which will be declared subject to trading conditions in the second half of the year.
From the next financial year, the board intends to adopt a policy to distribute 75 percent of adjusted profit after tax.
Looking ahead, the firm said the near-term outlook for the industry remains challenging. Investor confidence is still fragile, competition for flows remains intense and the relative attraction of cash continues to influence behaviour among UK savers, the company noted.
However, the Board remains confident in the strategy and in the actions being taken to strengthen the firm and position it to deliver improved performance.
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