The earnings call presented a mixed picture. While there were strategic achievements such as the Sanlam partnership and growth in assets under management, persistent net outflows, declining earnings, and challenging market conditions were significant concerns.
Company Guidance
During the earnings call for Ninety One's Q2 2025, several key financial metrics and strategic developments were highlighted. Assets under management (AUM) saw a growth of 3%, reaching GBP 127.4 billion, despite ongoing net outflows. Basic earnings per share decreased to 7.8p from 8.9p, while adjusted earnings per share fell by 11% to 7.3p. The dividends per share aligned with the adjusted earnings, dropping to 5.4p. The adjusted operating profit margin was reported at 30.5%. Significant strategic moves included a long-term agreement with Sanlam, transferring approximately ZAR 400 billion (GBP 17 billion) of assets to Ninety One and enhancing their market leadership in South Africa. This agreement, expected to be earnings accretive, would result in Sanlam owning 12.3% of Ninety One, subject to shareholder and regulatory approvals. The company also reported securing over USD 0.5 billion in anchor investment commitments for its emerging market transition debt strategy and closing its third Africa Credit Opportunities fund. The call emphasized the company's strategic focus on building its credit platform and maintaining cost discipline, with management fees reported at GBP 282.4 million and adjusted operating expenses held flat at GBP 201.9 million.
Growth in Assets Under Management
Assets under management grew by 3% to GBP 127.4 billion despite net outflows, supported by positive financial market performance.
Sanlam Partnership
Ninety One entered into a long-term agreement with Sanlam, South Africa's largest nonbank financial services group, to become its primary active investment manager, transferring approximately ZAR 400 billion (GBP 17 billion) of assets to Ninety One.
Emerging Market Transition Debt Strategy
Secured anchor investment commitments in excess of USD 0.5 billion for the emerging market transition debt strategy.
Expansion in Middle East
Established two new offices in the Middle East, in Riyadh and Abu Dhabi, to tap into the opportunity-rich region.
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Ninety One (GB:N91) Earnings, Revenues Date & History
The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced
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
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GB:N91 Earnings-Related Price Changes
Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Nov 20, 2024
156.48p
150.29p
-3.95%
Jun 05, 2024
158.86p
148.53p
-6.50%
Nov 15, 2023
158.21p
155.24p
-1.88%
May 17, 2023
149.22p
138.83p
-6.96%
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.
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FAQ
When does Ninety One (GB:N91) report earnings?
Ninety One (GB:N91) is schdueled to report earning on May 14, 2025, TBA Not Confirmed.
What is Ninety One (GB:N91) earnings time?
Ninety One (GB:N91) earnings time is at May 14, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.