Quilter Plc ( (QUILF) ) has released its Q4 earnings. Here is a breakdown of the information Quilter Plc presented to its investors.
Quilter Plc is a UK-based company operating in the wealth management sector, providing financial advice and investment management services to high net worth and affluent clients. In its latest earnings report, Quilter Plc announced a 17% increase in adjusted profit to £196 million for the year ended December 31, 2024, alongside a two-percentage point improvement in operating margin to 29%. The company reported a 12% increase in total assets under management and administration, reaching £119.4 billion, driven by net inflows of £4.8 billion and favorable market conditions. Revenues grew by 7% to £670 million, while costs were tightly controlled, resulting in a modest 3% increase in expenses. Quilter’s simplification program has already achieved £35 million in savings, with an additional £15 million expected by the end of 2025. Despite an IFRS loss after tax of £34 million, the company declared a 13% increase in its full-year dividend to 5.9 pence per share. Looking ahead, Quilter’s management remains optimistic about future growth, supported by strong net inflows and a robust balance sheet, positioning the company well for continued success in 2025 and beyond.