Ninety One Group H2 Earnings Call Highlights

Ninety One Group (LON:N91) reported higher assets nether management, renewed nett inflows and improved profitability for the twelvemonth ended March 31, 2026, arsenic absorption pointed to stronger request for emerging marketplace strategies and aboriginal benefits from its concern with Sanlam Investment Management.

Hendrik, who led the presumption for Ninety One, said assets nether absorption roseate to £171.8 billion, driven by portfolio growth, the take-on of Sanlam Investment Management assets and a instrumentality to yearly nett inflows. Net inflows were £2.8 cardinal for the year, portion adjusted net per stock accrued 12%. The committee recommended a last dividend of £0.074 per share, taking the full-year dividend to £0.134 per share, up 10% twelvemonth implicit year.

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“I’m delighted to study maturation successful gross and net aft 3 pugnacious years,” Hendrik said, adding that the comparative attractiveness of emerging markets had improved during the period. He said this was important for Ninety One due to the fact that the steadfast is intimately associated with emerging marketplace investing.

Assets Rise arsenic Sanlam Partnership Takes Effect

Ninety One said assets nether absorption accrued by £41 cardinal implicit the twelvemonth to £171.8 billion. The summation included £19.9 cardinal of portfolio growth, £18.3 cardinal from Sanlam and £2.8 cardinal of nett inflows from different business. Hendrik said each plus classes but multi-asset recorded affirmative nett inflows.

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The Sanlam partnership, announced past year, was formally established astatine the opening of February. Hendrik said the narration is beardown and “starting to deliver.” In South Africa, the Sanlam integration has moved to concern arsenic usual, with a last systems conversion expected shortly. Kim McFarland, Ninety One’s Finance Director, said the bulk of the Sanlam assets were taken connected adjacent the extremity of the fiscal year, meaning the net interaction connected fiscal 2026 results was limited.

During the question-and-answer session, Hendrik said 1 attraction of the Sanlam transaction was that it shifted Ninety One’s portfolio toward fixed income astatine a clip erstwhile equity beta had already supported the business. He said the steadfast believed it had capableness to tally larger fixed income portfolios, peculiarly successful South Africa, and described the concern arsenic a borderline enhancer and portfolio stabilizer contempt little fees.

Revenue and Profit Improve, Fee Pressure Remains

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McFarland said absorption fees accrued 9% to £617.3 million, reflecting a emergence successful mean assets nether absorption from £129 cardinal to £151.8 billion. The mean interest complaint declined to 40.7 ground points, with the last six months averaging 40 ground points.