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Rathbones Group PLC (GB:RAT)
LSE:RAT
Earnings Data
Report Date
Jul 29, 2026TBA (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
―Last Year’s EPS
0.74Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The results and presentation contained several clear positives: FUMA grew to GBP 115.6bn, underlying profit and EPS increased, a material buyback and dividend uplift were announced, and IW&I synergies materially exceeded targets (GBP 76m vs a GBP 60m goal). Management provided detailed margin guidance and a plan to reach a 30% underlying margin by Q4 2026, backed by a strengthened leadership team, AI adoption and system consolidation. However, there are notable near-term challenges: net outflows and tax-driven withdrawals have offset market gains, commission income is expected to normalise lower, margin pressure is anticipated in H1 2026 due to one-off system investments and inflationary staff costs, and some integration-related costs continue into 2026–27. Management’s cautious stance on not providing explicit flow targets left some investor uncertainty. Balancing the strong operational progress, synergy outperformance, capital returns and strategic initiatives against the flow volatility, near-term cost headwinds and remaining integration items, the highlights outweigh the lowlights.Company Guidance
FUMA Growth and Size
Funds under management and administration (FUMA) increased by just under 6% to GBP 115.6 billion at 31 December 2025, ending the year GBP 6.4 billion higher than it began (average fee-calculation FUMA was GBP 3.3 billion higher than 2024).
Underlying Profit and EPS Growth
Underlying profit before tax grew 4.6% to GBP 238.1 million and underlying basic earnings per share increased 5.5% to 170.5p, reflecting operational improvement and the benefit of synergies.
Statutory Profit Improvement
Statutory profit before tax increased 53.5% to GBP 152.9 million, helped by a reduction in integration costs year-on-year.
Revenue and Margin Recovery in H2
Operating income grew 3.1% year-on-year with all principal income streams up; underlying operating margin recovered from 24% in H1 to 27.5% in H2 and averaged 25.8% for the full year.
Synergy Delivery Exceeding Targets
IW&I integration synergies reached GBP 76 million (annualized run rate) by 31 December 2025, exceeding the original GBP 60 million target and delivered ahead of the September 2026 schedule.
Capital Return and Dividend Progression
The group completed a GBP 50 million share buyback and announced an extension of GBP 20 million; proposed total dividend rose to 99p (final 68p), a 6.5% increase versus 2024, continuing a long-term progressive dividend policy.
Clear 2026 Margin Path and Guidance
Management provided detailed margin guidance, confirming an intent to reach a 30% underlying operating margin in Q4 2026, based on achieved synergies and an assumed 3% FUMA growth for 2026.
Strategic and Operational Strengthening
Leadership strengthened with new CEO and senior hires (CTO, CIO, CPO, CRO, COO, Head of Marketing); investments in AI (Copilot enterprise-wide) and plan to consolidate client life-cycle systems to Salesforce/XPlan to support growth and productivity.
GB:RAT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
GB:RAT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 27, 2026 | 2210.00p | 2265.00p | +2.49% |
Jul 30, 2025 | 1832.08p | 1873.36p | +2.25% |
Feb 26, 2025 | 1596.31p | 1568.10p | -1.77% |
Jul 31, 2024 | 1654.81p | 1778.69p | +7.49% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Rathbones Group PLC (GB:RAT) report earnings?
Rathbones Group PLC (GB:RAT) is schdueled to report earning on Jul 29, 2026, TBA (Confirmed).
What is Rathbones Group PLC (GB:RAT) earnings time?
Rathbones Group PLC (GB:RAT) earnings time is at Jul 29, 2026, TBA (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
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What is the P/E ratio of Rathbones Group PLC stock?
The P/E ratio of Rathbones Group PLC is N/A.
What is GB:RAT EPS forecast?
Currently, no data Available