Balance-sheet Simplification And Value UnlockingPlanned balance-sheet divestments, potential new REIT listings and an asset-light strategy could unlock additional value and help sustain dividend capacity.
Funds Under Management GrowthGrowth in funds under management and management's view that organic growth can deliver a substantial increase, alongside selective acquisitions, supports expansion of recurring fee income.
Operating Profit ImprovementOperating profit excluding valuation losses strengthened due to higher contributions from listed funds, lower finance costs, and tighter control of operating expenses, supporting earnings resilience.