AMP Ltd. Announces 3Q 26 Cashflows and Business Update
Key points
- Platforms net cashflows increased by 20% to $1.5 billion
- Superannuation & Investments net cash outflows improved to $138 million
- New Zealand Wealth Management net cashflows improved to $100 million
Full summary
AMP Ltd reported a robust performance in the third quarter of 2026, with Platforms net cashflows increasing by 20% to $1.5 billion, driven by continued growth in adviser efficiency and the introduction of new digital tools. Superannuation & Investments experienced improved net cash outflows of $138 million, reflecting typical second-half seasonality. New Zealand Wealth Management saw net cashflows improve to $100 million, with increased inflows aligning with higher KiwiSaver contribution rates. Total Assets Under Management (AUM) across the wealth businesses stood at $168 billion. AMP also delivered $75 million of its planned $150 million on-market share buyback. AMP Bank continued to focus on optimizing the balance sheet and reducing capital intensity.
Guidance
AMP Ltd expects to complete its $150 million on-market share buyback by 4Q 26.
Outlook
AMP Ltd anticipates continued growth in wealth businesses, driven by digital enhancements and improved adviser efficiency.
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