The AMP Ltd (ASX: AMP) share price is in focus after the company delivered a 20.8% lift in underlying NPAT to $285 million, supported by strong North platform cashflows and a 9% rise in total assets under management (AUM) to $161.7 billion for FY 2025.
What did AMP report?
- Underlying NPAT rose 20.8% to $285 million (FY24: $236 million)
- Statutory NPAT of $133 million (FY24: $150 million), reflecting legacy legal settlements
- Total AUM up 9% to $161.7 billion (FY24: $148.4 billion)
- Final FY25 dividend of 2.0 cents per share, 20% franked; total FY25 dividend of 4.0 cents per share
- Controllable costs reduced by 6.9% to $603 million, exceeding targets
- Underlying EPS rose 25.6% to 11.3 cents per share
What else do investors need to know?
Platforms underlying NPAT increased by 9.3% to $106 million, with net cashflows (excluding pensions) up a robust 85.2% for the year as adviser numbers grew. Superannuation & Investments delivered a 14.8% uplift in underlying NPAT to $62 million, and improved net cash outflows compared to the prior year, helped by successful member retention initiatives.
AMP Bank’s underlying NPAT fell 9.8% to $55 million, largely due to scaling up the new AMP Bank GO. Excluding AMP Bank GO, the banking business saw a 6.6% increase in underlying NPAT, while AMP’s New Zealand Wealth Management business reported a 5.4% rise in underlying NPAT to $39 million, with growing cashflows from contemporary products.
What did AMP management say?
AMP Chief Executive Alexis George commented:
2025 was an important year for AMP with resolution of legacy items and stabilisation of the portfolio. This enabled renewed focus on winning in the segments we play, growing the wealth businesses, and building on the vision to be the place that customers come to plan for a dignified retirement… We have a clear strategic focus and a strong balance sheet. This means we are well positioned to continue to drive organic growth, while also having the capacity to participate in inorganic opportunities when they arise.
What’s next for AMP?
AMP is sharpening its focus on organic growth and disciplined cost management, while actively exploring opportunities to build scale or enhance capabilities through acquisitions. The group remains confident in the outlook for the wealth and retirement sector and points to a strong capital position to support future initiatives.
The board has announced the planned CEO transition, with current CFO Blair Vernon stepping into the CEO role at the end of March 2026. The leadership team says AMP’s simplified structure and clear strategy create a strong platform for continued growth across wealth, banking, and strategic partnerships.
AMP share price snapshot
Over the past 12 months, AMP shares have risen 1% trailing the S&P/ASX 200 Index (ASX: XJO) which has risen 6% over the same period.
The post AMP FY25 result: 21% profit lift and higher AUM appeared first on The Motley Fool Australia.
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