Strong Cash Flow GenerationNinety One converts earnings into cash efficiently, with substantial free cash flow growth. Durable cash generation funds dividends, buybacks, technology investment and acquisitions without heavy borrowing, supporting long-term strategic flexibility and resilience through market cycles.
Low Leverage And Solid Balance SheetLow debt and ample cash reduce refinancing and solvency risk for an asset manager exposed to market volatility. This financial strength supports opportunistic M&A, absorptive capacity for client outflows and sustained capital returns, improving solvency over multiple quarters.
AUM Growth Aided By Net Inflows And Sanlam U.K. DealMeaningful AUM growth via organic GBP 2.4bn inflows plus a GBP 1.9bn acquisition meaningfully scales fee-bearing assets. Higher AUM supports recurring management fees, enhances distribution credibility and creates a larger base to absorb fee compression over the medium term.