Aberdeen Group Plc · LSE:ABDN
Aberdeen — H1 2026 Earnings Presentation
25 slides from Aberdeen's earnings presentation, Jul 29, 2026
Slide 1: Half year results 2026
Half year results 2026 29 July 2026
Slide 2: Agenda
Agenda Highlights and overview Jason Windsor Financial performance and outlook Siobhan Boylan Delivering against our strategy Jason Windsor Q&A 2|
Slide 3: Highlights and overview
Highlights and overview Jason Windsor
Slide 4: Our ambition is to be the UK's leading Wealth & Investments group
Our ambition is to be the UK’s leading Wealth & Investments group Self-directed investing Advised investing & trading platform platform Our Purpose £108bn AUMA £85bn AUMA Enabling our clients to be better investors #1 by net flows in the UK1 #3 by AUA in the UK2 interactive Our Ambition Adviser To b
Slide 5: Positive momentum towards successful delivery of 2026 Plan
Positive momentum towards successful delivery of 2026 Plan Adjusted operating profit (AOP) by business interactive investor • Increased AOP reflects continued strong organic growth and +21% £151m scalability in the business £125m £38m • Record flows and trading, supported by repricing £35m +9% £41m
Slide 6: interactive investor: A winning business delivering sustainable organic growth
interactive investor A winning business delivering sustainable organic growth H1 2026 highlights Market-leading proposition supported by differentiated subscription model Continued customer growth #1 Net inflows up 66% AUMA growth of 33% 525k D2C platform 461k net flows3 £4.1bn £6.8bn £81bn £108bn H
Slide 7: Adviser: Converting a stronger platform into long-term growth
Adviser Converting a stronger platform into long-term growth H1 2026 highlights • Expanding investment choice with new cash and smoothed fund Improved service levels, Improving solutions but more to do #3 technology • Leveraged AI to develop customer app, targeting H2 launch UK Adviser platform plat
Slide 8: Investments: Stronger investment performance, ongoing focus on specialist areas
Investments Stronger investment performance, ongoing focus on specialist areas H1 2026 highlights Ongoing focus across strategic growth priorities Continued improvement in investment performance1 £38m • Positive flows delivered in 10 of the last 12 months FY 25 H1 26 Adjusted operating profit Wholes
Slide 9: AI adoption across the Group is starting to deliver impact
AI adoption across the Group is starting to deliver impact • Focus AI on unlocking productivity, growth, cost reduction and better customer outcomes Our • Build, test and learn supported by strong guardrails and risk management approach • Colleagues engaged and leading the journey, with training and
Slide 10: Focused on delivering 2026 Group targets and sustainable growth
Focused on delivering 2026 Group targets and sustainable growth Confident in delivery of 2026 Group targets Focused on growth and returns beyond 2026 Growth in NCG Ongoing focus on 5-10% p.a.1 capital generation on average Adjusted operating >£300m profit Delivering sustainable Supporting profitabil
Slide 11: Financial performance and outlook
Financial performance and outlook Siobhan Boylan
Slide 12: Revenue growth and continued focus on efficiency driving higher profitability
Revenue growth and continued focus on efficiency driving higher profitability Sustained organic and efficient growth in interactive investor, profit broadly stable in Adviser with Growing our business actions taken to return to growth, efficiency focus supporting performance in Investments Adjusted
Slide 13: interactive investor: Strong momentum with profit up 18%, record net flows and trading
interactive investor Strong momentum with profit up 18%, record net flows and trading Customers Net flows +14% +66% • 14% increase in total customers, with strong growth in £6.8bn 525k customers with a SIPP (up 35%) 461k £4.1bn • Record net inflows of £6.8bn: 66% higher • AUMA up 15% from FY2025 to
Slide 14: Adviser: Broadly stable profit, net flows remain challenging
Adviser Broadly stable profit, net flows remain challenging Net flows AUMA (£bn) +5% £3.6bn £5.7bn £84.8bn £(0.4)bn £80.4bn • AUMA up 5% to £85bn driven by positive markets £(4.9)bn • Net outflows of £1.3bn (H1 2025: £0.9bn), with 9% growth £(0.9)bn in gross inflows more than offset by higher redemp
Slide 15: Investments: Financial performance benefiting from lower costs
Investments Financial performance benefiting from lower costs I&RW net flows ex-liquidity Investments AUM (£bn) • Net flows in I&RW (ex-liquidity) reflect lower margin £(7.4)bn +2% equities withdrawals of c.£4bn partly offset by inflows in 1.1 real assets, quants and fixed income 14.4 398 • £1bn cre
Slide 16: Strong growth in capital generation and coverage levels
Strong growth in capital generation and coverage levels Capital generation • ACG up 26% reflecting higher operating profit and £19m H1 2026 H1 2025 benefit from use of DB pension surplus to fund DC £m £m Adjusted operating profit 151 125 contributions Adjusted net financing and investment return 50
Slide 17: 2026 financial guidance
2026 financial guidance interactive • Revenue growth expected to be in line with growth in customers investor • Continuing to invest for growth while delivering Cost/AUMA ratio <18bps • Profitability in H2 expected to be broadly flat, reflecting higher markets, inflation and growth in AUMA Adviser r
Slide 18: Delivering against our strategy
Delivering against our strategy Jason Windsor
Slide 19: A leading Wealth & Investments group with positive momentum
A leading Wealth & Investments group with positive momentum •Continued execution of strategic priorities and strong financial performance in H1 •Good momentum into H2, with increased line of sight to delivery of current Plan •Confident in the delivery of Group targets for 2026 •Focused on building a
Slide 20: il interactive
e. . il interactive IE investor Claberdeen
Slide 21: Aberdeen Group plc is registered in Scotland (SC286832) at 1 George Street, Edinburgh, EH2
Aberdeen Group plc is registered in Scotland (SC286832) at 1 George Street, Edinburgh, EH2 2LL www.aberdeenplc.com © 2026 Aberdeen Group plc. All rights reserved. 21 |
Slide 22: Forward-looking statements
Forward-looking statements This document may contain certain ‘forward-looking statements’ with respect to the financial condition, performance, results, strategies, targets (including sustainability targets), objectives, plans, goals and expectations of the Company and its affiliates. These forward-
Slide 23: Appendices
Appendices
Slide 24: Analysis of profit and earnings per share
Analysis of profit and earnings per share £m H1 2026 H1 2025 Change Net operating revenue 643 628 2% Adjusted operating expenses (492) (503) (2)% Adjusted operating profit 151 125 21% Adjusted net financing costs and investment return 50 56 (11)% Adjusted profit before tax 201 181 11% Restructuring
Slide 25: Analysis of regulatory capital
Analysis of regulatory capital £m H1 2026 FY 2025 Change CET1 own funds 1,476 1,433 3% Own Funds Threshold Requirement (834) (879) (5)% CET1 excess over total OFTR 642 554 16% CET1 capital coverage 177% 163% 14ppts AT 1 and Tier 2 (net of amortisation) 433 485 (11)% Total capital excess over OFTR 1,