Shares of Tatton Asset Management plc (TAM.L) were gaining approximately 15.51 percent on the London Stock Exchange after the firm reported higher profit in fiscal 2026, ahead of market estimates, due to growth in Assets Under Management and Influence or AUM/I, and underlying net inflows.
Further, the company lifted dividend and said it expects to make good progress in the year ahead and beyond despite the uncertainties in geopolitics and volatile market.
The firm also maintained growth target of 30 billion pounds AUM/I1 by the end of the financial year 2029 and said it is confident to meet or exceed the target.
Profit before tax in 2026 rose to 25.31 million pounds from 21.60 million pounds last year.
Profit after tax attributable to owners of the Parent Company was 18.84 million pounds, compared to 16.14 million pounds a year ago. Earnings per share went up to 30.22 pence from 26.21 pence last year.
Adjusted earnings per share increased to 35.05 pence from 28.65 pence in 2025.
Adjusted operating profit was 28.49 million pounds, compared to 22.95 million pounds a year ago.
Total revenue rose to 54.44 million pounds from 45.31 million pounds in the previous year.
AUM/I for 2026 increased by 11 percent to 24.22 billion pounds from 21.83 billion pounds the previous year, supported by underlying net inflows of 2.806 billion pounds.
Underlying AUM increased 26.8 percent from last year to 22.805 billion pounds.
Further, the Board of the company recommended a final dividend of 15 pence, which was 9.5 pence last year. This gives a total dividend of 27 pence, 42 percent increase from the previous year's dividend of 19 pence. The final dividend will be paid on August 5 to shareholders on the register on June 26.
On the London Stock Exchange, the shares were trading 15.51 percent higher at 695.40 pence.
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