Standard Life Aberdeen Stock Earnings Reports

Aberdeen reported steady progress in 2025 with group adjusted operating profit up 4% to GBP 264m and IFRS profit before tax up 76% to GBP 442m (driven largely by a revaluation of its strategic investment). Interactive investor (ii) delivered an exceptional year: customers +14% to 0.5m, net inflows +28% to GBP 7.3bn, revenue +19% to GBP 330m and ii adjusted operating profit +34% to GBP 155m, becoming the largest contributor to group profits. Adviser experienced weaker profitability after strategic repricing (revenue -14%) but materially improved net outflows (almost halved year-on-year) and service metrics; the business targets net positive flows in 2026 and GBP 1bn of net flows deferred to 2027. Investments showed improving flows and performance (3‑year outperformance 80%), a 5% increase in adjusted operating profit to GBP 64m, and notable mandate wins including the Stagecoach pension agreement (~GBP 1.2bn AUM). The transformation programme exceeded expectations, delivering GBP 180m of annualized savings and reducing group expenses by 5%; circa GBP 30m of residual annualized benefit is expected to flow through in 2026. Capital position strengthened after moving to an internal capital assessment: regulatory requirement down 17% to GBP 879m, CET coverage 163%, total coverage 218%; target operating range 140%–180% over the medium term. Dividend maintained at 14.6p per share. Guidance/targets: remain committed to 2026 group targets (adjusted operating profit at least GBP 300m and net capital generation around GBP 300m) and target net capital generation growth of 5%–10% p.a. thereafter (absent major market shocks). Management will prioritize paying down debt, invest selectively (including tech and AI), and continue to scale ii while returning Adviser to growth and further repositioning Investments.