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AMP
(Sydney:AMP)
AMP (AMP) vs. iShares MSCI Australia ETF (EWA)
AMP Business Overview & Revenue Model
AMP Earnings Call Summary
AMP Financial Statement Overview
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 1.69B | 856.00M | 2.58B | 2.24B | 1.65B |
| Gross Profit | 232.00M | 856.00M | 2.73B | 864.00M | 2.25B |
| EBITDA | 1.75B | 1.92B | 1.19B | 625.00M | 285.00M |
| Net Income | 133.00M | 150.00M | 265.00M | 387.00M | -252.00M |
Balance Sheet | |||||
| Total Assets | 34.21B | 33.16B | 33.88B | 34.95B | 32.20B |
| Cash, Cash Equivalents and Short-Term Investments | 7.36B | 7.18B | 1.44B | 1.82B | 2.92B |
| Total Debt | 29.64B | 28.71B | 28.92B | 29.53B | 26.25B |
| Total Liabilities | 30.47B | 29.51B | 30.00B | 30.77B | 28.22B |
| Stockholders Equity | 3.74B | 3.65B | 3.87B | 4.17B | 3.98B |
Cash Flow | |||||
| Free Cash Flow | -1.45B | 169.00M | -137.00M | 933.00M | 1.63B |
| Operating Cash Flow | -1.38B | 216.00M | -105.00M | 963.00M | 1.68B |
| Investing Cash Flow | -472.00M | -478.00M | 1.25B | -1.32B | -565.00M |
| Financing Cash Flow | 1.82B | 201.00M | -1.74B | -511.00M | -722.00M |
AMP Technical Analysis
AMP Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | AU$1.83B | 6.19 | 16.50% | 5.99% | -13.22% | -29.69% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
61 Neutral | AU$2.77B | 14.10 | 13.61% | 3.45% | 37.42% | 38.37% | |
56 Neutral | AU$1.33B | 8.41 | 7.96% | 6.26% | 38.64% | -21.14% | |
53 Neutral | $3.14B | 9.67 | 0.72% | ― | -15.63% | ― | |
50 Neutral | AU$1.85B | 9.75 | -1.00% | 6.01% | 2.87% | 87.93% | |
44 Neutral | AU$3.11B | 34.62 | 3.56% | 1.65% | -14.92% | 179.69% |
AMP Corporate Events
AMP Limited, the Australian financial services group listed on the ASX, has disclosed an updated notice of its interest in its own ordinary shares under an exemption in subsection 259C(2) of the Corporations Act. The group, including its controlled entities, reports a small increase in its holding of AMP ordinary shares, with voting power rising from 0.79% to 0.80% of total issued capital.
The disclosure indicates that AMP and its controlled entities now control 20,319,751 AMP ordinary shares, up from 20,124,869 reported in the previous notice in December 2025. The company also confirmed that its net economic exposure to additional AMP shares, excluding these voting shares, remains at 0%, suggesting no additional derivative-based or other economic interests beyond the disclosed equity stake.
The most recent analyst rating on (AU:AMP) stock is a Hold with a A$1.00 price target. To see the full list of analyst forecasts on AMP stock, see the AU:AMP Stock Forecast page.
AMP Limited has scheduled its 2026 Annual General Meeting for 10 April 2026 at the Wesley Conference Centre in Sydney, with a simultaneous online option, continuing its hybrid format to accommodate both in-person and virtual shareholder participation. The company has released key AGM materials, including the notice of meeting, proxy and question forms, and access details to its 2025 annual report and 2026 meeting documentation, underscoring its focus on shareholder engagement and transparent corporate governance.
The hybrid AGM structure enables broader access for domestic and overseas investors, reflecting evolving market expectations around flexibility and digital participation in corporate decision-making. By providing comprehensive documentation ahead of the meeting, AMP gives shareholders time to review performance, lodge proxies and submit questions, which may support more informed voting outcomes and reinforce confidence in the company’s oversight framework.
The most recent analyst rating on (AU:AMP) stock is a Sell with a A$1.50 price target. To see the full list of analyst forecasts on AMP stock, see the AU:AMP Stock Forecast page.
AMP Limited has disclosed changes to the equity interests of its chief executive, Alexis Ann George, reflecting adjustments under the company’s long-term incentive arrangements. Following the scheduled vesting of equity awards on 24 February 2026, George received 3,097,661 ordinary shares upon the vesting of an equal number of rights, while 438,715 rights lapsed after performance conditions were not met.
As a result of these changes, George’s direct holding increased to 5,725,663 ordinary shares, with 3,363,759 rights remaining on issue, alongside an unchanged small indirect shareholding. The update underscores the performance-linked nature of AMP’s executive remuneration structure, highlighting both the scale of equity-based incentives and the impact of unmet performance hurdles on senior leadership’s total potential compensation.
The most recent analyst rating on (AU:AMP) stock is a Sell with a A$1.50 price target. To see the full list of analyst forecasts on AMP stock, see the AU:AMP Stock Forecast page.
AMP Limited has notified the market of the issue of 6,927,959 new ordinary fully paid shares following the conversion or exercise of previously unquoted equity securities. The additional stock, issued on 24 February 2026, marginally increases AMP’s share capital base and reflects the ongoing use of equity-based instruments within its capital management and employee or incentive structures.
While the size of this issuance is relatively modest compared with AMP’s overall register, it still constitutes incremental dilution for existing shareholders and signals continued reliance on unquoted options or convertible securities in its remuneration and financing mix. The move underscores standard capital markets practice for large financial institutions, with limited immediate operational impact but some implications for ownership dispersion and future earnings per share.
The most recent analyst rating on (AU:AMP) stock is a Sell with a A$1.50 price target. To see the full list of analyst forecasts on AMP stock, see the AU:AMP Stock Forecast page.
AMP has advised that its share registry provider, Computershare Investor Services, has changed the address of its Sydney office to Level 4, 44 Martin Place, Sydney NSW 2000. All future lodgment of documentation by member organisations, securityholders and other parties must now be directed to this updated registry address, with operational processes expected to transition accordingly.
The change in registry address is largely administrative but is important for ensuring accurate and timely handling of shareholder communications, transfers and other registry-related matters. Stakeholders who interact with AMP’s registry will need to update their records to reflect the new location to avoid disruption in service or delays in processing documentation.
The most recent analyst rating on (AU:AMP) stock is a Buy with a A$2.10 price target. To see the full list of analyst forecasts on AMP stock, see the AU:AMP Stock Forecast page.
AMP Limited has revised how it allocates technology and property-related costs across its business units and group centre to better align with its simplified operating structure, following an extensive transformation and cost-reduction program. The changes do not alter AMP’s total controllable cost base or overall NPAT, but they do lead to a restatement of underlying NPAT for individual business units in FY24 and 1H25 as more costs are reallocated from Group to the operating units. Looking ahead, AMP expects FY25 costs to remain within existing guidance, and forecasts FY26 controllable costs of A$630–640 million, reflecting 3–4% inflation and higher expenses from scaling its AMP Bank GO platform. The company is also revising its cost-to-income methodology to align with peers by excluding investment income, resulting in higher reported CTI ratios for prior periods, a move aimed at giving markets a more comparable and transparent view of the group’s efficiency and business unit performance.
The most recent analyst rating on (AU:AMP) stock is a Hold with a A$2.00 price target. To see the full list of analyst forecasts on AMP stock, see the AU:AMP Stock Forecast page.
AMP Limited has appointed current Chief Financial Officer Blair Vernon as its new Group Chief Executive Officer, effective following the retirement of incumbent CEO Alexis George on 30 March 2026, after a five-year tenure marked by significant transformation and growth. The board highlighted Vernon’s central role in tightening financial management, steering the capital return program and executing key divestments, including the separation of AMP Capital and the sale of the AMP Advice business, positioning him to ensure continuity of strategy and maintain the company’s positive operational momentum. The leadership transition underscores AMP’s intent to build on the simplified, customer-centric platform established under George’s tenure, with a focus on delivering stronger performance for customers, shareholders and other stakeholders, while the company commences a process to recruit a new Chief Financial Officer.
The most recent analyst rating on (AU:AMP) stock is a Hold with a A$2.00 price target. To see the full list of analyst forecasts on AMP stock, see the AU:AMP Stock Forecast page.
AMP Limited has notified the market that 461,724 AMPAB conditional rights have lapsed as of 31 December 2025 after the conditions attached to those rights were not, or could no longer be, satisfied. The cessation of these securities reduces the company’s pool of potential future equity issuance tied to those rights, marginally affecting its issued capital structure and reflecting the non-fulfilment of performance or service conditions linked to this tranche of rights.
The most recent analyst rating on (AU:AMP) stock is a Hold with a A$1.50 price target. To see the full list of analyst forecasts on AMP stock, see the AU:AMP Stock Forecast page.
AMP Limited has released its key financial calendar dates for 2026, outlining the timetable for major corporate and reporting events in the year ahead. The schedule includes the deadline for director nominations on 4 February, the release of 2025 full-year financial results on 12 February, the annual general meeting on 10 April, and the 2026 half-year results on 6 August. The publication of these dates provides investors and other stakeholders with visibility over AMP’s upcoming governance and reporting milestones, although the company cautions that the timetable may be adjusted if circumstances require.
The most recent analyst rating on (AU:AMP) stock is a Hold with a A$1.50 price target. To see the full list of analyst forecasts on AMP stock, see the AU:AMP Stock Forecast page.