• Underlying NPAT up 20.8% to $285 million
• Platforms and Superannuation & Investments see strong growth
• AMP Bank GO scaling up with over $310 million in deposits

AMP Ltd has announced its financial results for the 2025 financial year, reporting a 20.8% increase in underlying net profit after tax (NPAT) to $285 million. The company's Platforms business saw a 9.3% increase in underlying NPAT to $106 million, reflecting strong net cashflow growth. The Superannuation & Investments business also performed well, with underlying NPAT up 14.8% to $62 million, supported by improved member retention and growth. AMP Bank's underlying NPAT reduced by 9.8% to $55 million, with the costs of scaling the new AMP Bank GO business offsetting the positive performance of the existing bank. The New Zealand Wealth Management business contributed $39 million in underlying NPAT, up 5.4%. At the group level, underlying NPAT improved to $23 million, driven by a 53.2% increase in contribution from AMP's China partnerships. The company has resolved two legacy class actions and reset its cost base, with controllable costs reduced by 6.9%. AMP's reputation has also reached its highest levels since 2008. The company declared a final FY 25 dividend of 2.0 cents per share, 20% franked, bringing the total FY 25 dividend to 4.0 cents per share.

AMP expects to continue driving organic growth in its wealth and retirement businesses, while also having the capacity to participate in inorganic opportunities. The company has a strong balance sheet to support its growth plans.

AMP is well positioned to lead in wealth and retirement under the leadership of incoming CEO Blair Vernon. The company sees considerable tailwinds in the wealth and retirement sector and has a clear strategic focus to drive further growth.