• Platforms net cashflows increased 63.2% to $1,565 million
• Superannuation & Investments reached positive net cashflows for the first time since 2Q 17
• New Zealand Wealth Management net cashflows were $40 million

AMP Limited has provided an update on its 2Q 25 cashflows, highlighting strong performance across its key business units. The company's Platforms business delivered another standout performance, with net cashflows up 63.2% to $1,565 million compared to 2Q 24. Platforms Assets Under Management (AUM) increased 5.6% to $83.2 billion, driven by investment market movements and strong flows. In the Superannuation & Investments business, the company reached a significant milestone, delivering positive net cashflows of $33 million, compared to net cash outflows of $99 million in 2Q 24. This reflects ongoing retention initiatives, including the launch of digital advice and the rollout of AMP Lifetime Super. New Zealand Wealth Management also performed well, with net cashflows of $40 million, up from $11 million in 2Q 24, driven by improved inflows in the New Zealand Retirement Trust and the new Term Deposit product. AMP Bank continued to prudently manage volumes to preserve margins, with the total loan book at $23.5 billion and total deposits of $20.5 billion. The company's new digital bank, AMP Bank GO, is showing early positive signs, and further details will be provided at the 1H 25 results announcement.

Against the backdrop of positive momentum, AMP remains focused on the ongoing execution of its strategy, noting that investment markets remain volatile and the company continues to face sustained competitive pressure and an accelerating pace of change driven by AI.