Company Reports

AMP's underlying net profit after tax for the first half of 2026 rose 33% from last year to AUD 174 million. Key contributors were higher income from strategic partnerships and group cash, reduced interest expense following a debt note redemption, and solid wealth management product flows.

AMP is focused on simplifying its business and reducing costs, with less emphasis on growth than historically. The advantages of AMP’s vertical integration have weakened due to proactive regulatory scrutiny, expanding approved product lists, and more transparent product/fee disclosures.

AMP is focused on simplifying its business and reducing costs, with less emphasis on growth than historically. The advantages of AMP’s vertical integration have weakened due to proactive regulatory scrutiny, expanding approved product lists, and more transparent product/fee disclosures.

AMP is heading into 2026 with momentum—funds under administration rose 7% year on year to AUD 144 billion in the first quarter, while its loan book grew 3% to AUD 24 billion.

AMP's underlying net profit for 2025 surged by more than 20% to AUD 285 million, supported by improving net flows and rising assets under management. However, shares declined by around 25% intraday.

AMP is focused on simplifying its business and reducing costs, with less emphasis on growth than historically. The advantages of AMP’s vertical integration have weakened due to proactive regulatory scrutiny, expanding approved product lists, and more transparent product/fee disclosures.

AMP is focused on simplifying its business and reducing costs, with less emphasis on growth than historically. The advantages of AMP’s vertical integration have weakened due to proactive regulatory scrutiny, expanding approved product lists, and more transparent product/fee disclosures.

AMP reported a 4% increase in assets under management to around AUD 160 billion, from AUD 154 billion in the prior quarter. This was driven by flow improvements in its Australian platforms and master trust businesses. Loan growth also moderately picked up.

AMP reported a 9% increase in underlying net profit after tax for the first half of 2025 relative to the previous corresponding period. Revenue rose 2%, while overall costs (variable and operating) declined 2%.

AMP is focused on simplifying its business and reducing costs, with less emphasis on growth than historically. The advantages of AMP’s vertical integration have weakened, due to proactive regulatory scrutiny, expanding approved product lists, and more transparent product/fee disclosures.

AMP saw improved net flows in the second quarter of 2025 across its platforms and master trusts relative to the same period last year. Platform net flows (excluding pensions) grew by 63%, while master trusts recorded positive net flows (excluding pensions) for the first quarter since 2017.

AMP is focused on simplifying its business and reducing costs, with less emphasis on growth than historically. The advantages of AMP’s vertical integration have weakened, due to proactive regulatory scrutiny, expanding approved product lists, and more transparent product/fee disclosures.

AMP is focused on simplifying its business and reducing costs, with less emphasis on growth than historically. The advantages of AMP’s vertical integration have weakened, due to proactive regulatory scrutiny, expanding approved product lists, and more transparent product/fee disclosures.

AMP reported improved net flows in the first quarter of 2025 across its platforms and master trusts, relative to the same period last year. Meanwhile, its loan book was flat from a year ago.

AMP is focused on simplifying its business and reducing costs, with less emphasis on growth than historically. The advantages of AMP’s vertical integration have weakened, due to proactive regulatory scrutiny, expanding approved product lists, and more transparent product/fee disclosures.

AMP's underlying NPAT for 2024 grew 15% from the prior year to AUD 236 million, with profit growth across most segments except AMP Bank. Guidance for 2025 calls for broadly flat net interest margins, or NIM, platform revenue margin compression, and further operating cost reductions.

Credit growth is ticking up on population and wages growth, and households and businesses appear more optimistic about the economic outlook as rate hikes appear less likely.

AMP is focused on simplifying its business and reducing costs, with less emphasis on growth than historically. The advantages of AMP’s vertical integration have weakened, due to proactive regulatory scrutiny, expanding approved product lists, and more transparent product/fee disclosures.

No-moat AMP’s earnings turnaround continues, with its September quarter cash flow update revealing better flow trends than we expected. Improvements in net platform inflows—relative to the prior comparable period—exceeded our forecasts, while net outflows from master trusts were lower than anticipated. Strong portfolio returns in the quarter also helped boost growth in assets under management. The proportion of inflows coming from non-AMP advisors continues to grow. According to data from Plan For Life, AMP's platform market share losses have slowed for the third consecutive quarter through to March 2024.

AMP is focused on simplifying its business and reducing costs, with less emphasis on growth than historically. The advantages of AMP’s vertical integration have weakened, due to proactive regulatory scrutiny, expanding approved product lists, and more transparent product/fee disclosures.