The AMP Ltd (ASX: AMP) share price is seeking direction today.
Shares in the S&P/ASX 200 Index (ASX: XJO) diversified financial services company closed yesterday trading for $1.11. In morning trade, shares were up by more than 1% but have since given up those gains to again be changing hands for $1.11 at the time of writing.
For some context, the ASX 200 is up 0.3% at this same time.
Here's what's grabbing investor interest today.
AMP share price wobbles on results
Investors are sizing up the AMP share price following the release of the company's first-quarter business update (Q1 2025).
Highlights of the three-month period included a 268% increase in AMP's platforms net cashflows (excluding pension payments) to $740 million. Pension payments of $507 million were up 1.4%.
The ASX 200 stock's platforms Assets Under Management (AUM) dipped 1.2% year on year to $78.8 billion. The company said this primarily reflected investment market movements.
AMP also noted continued improvement in its Superannuation & Investments net cash outflows. Cash outflows for the quarter came in at $108 million, down from net cash outflows of $371 million in Q1 2024.
In other core financial metrics that could impact the AMP share price, the company's Superannuation & Investments AUM of $55.8 billion was down 1.1% from the December quarter, which was also said to be driven by moves in investment markets.
Meanwhile, New Zealand Wealth Management net cashflows were $57 million, up 128% year on year, with AUM of $11.6 billion, up $200 million from the December quarter.
The AMP Bank total loan book remained steady at $23.3 billion, and total deposits were $20.7 billion, up from the $20.5 billion reported in the December quarter.
What did management say?
Commenting on the results that have yet to sustainably lift the AMP share price today, CEO Alexis George said:
We have seen the positive momentum in cashflows across our Platforms business continue with another strong quarter, which reflects our focus on making North a preferred platform for advisers.
Significant volatility in investment markets impacted total AUM, however, we are not allowing ourselves to be distracted by the market instability and we remain focused on delivering for customers.
We are continuing to introduce new features, functionality and support for North that helps advisers better service their clients – and we are seeing adviser numbers continue to grow. Last month we released an innovative AI assistant, designed to reduce manual admin to improve client relationships and adviser efficiency.
As for net interest margins (NIM), George added, "We continue to consciously manage the loan book in our mortgage business in order to prioritise margin, and NIM for the quarter remains steady."
AMP share price snapshot
The AMP share price has come under pressure in 2025, down 30% year to date.
