• Profit attributable to shareholders of $98m, down 4.9% from 1H 2024
• Improved earnings across Platforms, AMP Bank, and New Zealand Wealth Management
• Total AUM across key business units increased by 10.1% to $153.9b

AMP Limited has released its financial results for the half year ended 30 June 2025. The company reported a profit attributable to shareholders of $98m, down 4.9% from the prior corresponding period of $103m. This was driven by improved earnings across the Platforms (up 7.4%), AMP Bank (up 2.9%), and New Zealand Wealth Management (up 11.8%) business units, offset by a reduction in Group earnings. Superannuation & Investments earnings remained steady at $34m. Total AUM across the key business units increased by 10.1% to $153.9b, reflecting positive market conditions and continued growth in managed portfolios. The company's cost-to-income ratio improved to 59.4% from 62.3% in the prior period, with controllable costs decreasing by $14m to $303m. AMP's CET1 capital surplus stood at $211m as at 30 June 2025, up from $139m at the end of 2024. The Board has declared an interim dividend of 2.0 cents per share, 20% franked. AMP's strategic priorities include driving flows in its wealth businesses, scaling AMP Bank GO, supporting its partnerships, maintaining cost control, and leveraging AI opportunities.

AMP is targeting a dividend payout of 2.0 cents per share per half through 2025, subject to economic conditions and other uses of capital.

AMP is positioned to be a pre-eminent retirement specialist, giving Australians financial confidence in retirement. The company's strategic priorities include driving flows in its wealth businesses, scaling AMP Bank GO, supporting its partnerships, maintaining cost control, and leveraging AI opportunities.