AJ Bell increased revenue on an annual basis by 17 % at 153.2 million pounds for the six months ending March 31, 2025, as the investment platform added 51,000 new customers and reached record assets under management (AUA) at a value of 90.4 billion pounds.
The profit increased 12 % before taxes to 68.8 million pounds, while the reduced profits of the share increased by 11 % to 12.36 pence.
The company told the investors that it maintained the margin of strong revenues of 32.4 basis points, although the profit margin decreased slightly to 44.9 % due to the increase in investment in the development of the brand and products.
The numbers of customers grew to 593,000, an increase of 9 % in this period, driven by strong net flows of 3.3 billion pounds and favorable market movements. AJ Bell also referred to 94 % high customer retention.
“The dual channel platform continued to achieve organic growth, adding more than 50,000 customers in this period and net flows of 3.3 billion pounds, which led to AUA exceeding 90 billion pounds for the first time,” said CEO Michael Samargil.
“This performance was driven by our low -cost and easy -to -use suggestions, excellent customer service and improve brand awareness, which indicates the benefits of our continuous investment in these areas. “
The company returned to 64 million pounds for shareholders through profit distributions and a re -purchase of 30 million pounds, and announced a new re -purchase of 25 million pounds, along with a 6 % increase in temporary profits to 4.50 pence.
AJ Bell confirmed that the sale of its SIPP and SSAS business is expected to be completed to Investacc in the second half of this year, which simplifies the processes to focus on the growth of the basic platforms.
Looking at the future, Ajbell said she is confident in her outlook and decided to accelerate business investment in the second half to pay long -term growth.
However, they warned that this led to a high cost direction, which is compensated Through increases to direct the entire public revenue margin.