Record Net Inflows and Strong Flow Momentum
Net flows of approximately GBP 9.0–9.1 billion in FY2025, a record level and ~75% higher than 2024; management comments that net flows around GBP 2 billion per quarter feel broadly sustainable.
Operating Margin at Target
Operating margin reached 30% (in line with the company's medium‑term goal), supported by positive operating leverage from revenue growth and cost discipline.
Adjusted Profit and EPS Growth
Adjusted profit increased 6% to GBP 207 million; adjusted diluted earnings per share rose 4% to 11p.
Revenue Growth and Fee Momentum
Revenues grew 5% to GBP 701 million; net management fees up 7% (partly offset by lower interest income which reduced overall revenue growth by ~1 percentage point).
WealthSelect MPS Leadership and AUM Growth
Managed assets increased from GBP 26 billion in 2023 to GBP 37 billion at end‑2025; WealthSelect MPS now has over GBP 25 billion under management and is described as the market leader available on 6 third‑party platforms.
Record Distribution and Adviser Productivity
Quilter channel inflows up 12% year‑on‑year (net flows ~18% of opening balances); IFA channel net inflows up 92% YoY (running at ~9% of opening balances). Adviser force is smaller but more productive, reportedly more than doubling gross flows per adviser since 2020; >100 advisers graduated from the Quilter Academy.
Cost Management and Simplification Savings
Total costs increased 4% to GBP 494 million (below the GBP 500 million guidance). The simplification program is complete and the business has delivered over GBP 160 million of savings since 2018.
Shareholder Returns and Capital Allocation Update
Dividend increased 7% to 6.3p for the year; Board announced a share buyback to return ~GBP 100 million of excess capital and a new distribution policy to return ~70% of adjusted post‑tax post‑interest earnings to shareholders going forward (retain 30% for growth).
Balance Sheet and Provision Update
Solvency and cash position described as strong; remediation provision reduced by GBP 20 million (provision balance at end‑2025 GBP 42 million) as remediation program begins; cash available ~GBP 270 million after dividend and proposed buyback.
Technology & AI Rollout and Productivity Gains
Market roll‑out of AI productivity tools for advisers underway (meeting transcription and summarization reducing hours of work to ~10–15 minutes), final stages of end‑to‑end adviser support platform with FNZ, and planned further AI/tech investments to drive adviser capacity and operational efficiency.