The AMP Ltd (ASX: AMP) share price has fallen 3.14% this morning after the company released its 1H 2025 results.
At the time of writing, the ASX 200 share is changing hands at $1.6175 a piece. For the year, AMP's share price is trading 43.14% higher.
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AMP's H1 2025 results
- Revenue up 1.8% to $632 million
- EBIT up 14.1% to $178 million
- Underlying net profit after tax up 9.2% to $131 million
- Statutory net profit after tax down 4.9% to $98 million
- Underlying EPS up 18.2% to 5.2 cents per share
- 1H 2025 dividends at 2 cents per share, 20% franked
What happened
For H1 2025, to 30 June, AMP posted a revenue increase of 1.8% to $632 million.
AMP's underlying net profit after tax (NPAT) was 9.2% higher for the half-year period to $131 million. The Group's statutory NPAT slumped 4.9% to $98 million.
Of the underlying NPAT, AMP Bank accounted for $36 million (up 29%), Platforms accounted for $58 million (up 7.4%), Superannuation & Investments accounted for $34 million (flat for the period), and New Zealand Wealth Management accounted for $19 million (up 11.8%). NPAT for AMP Group, which includes partnerships, group costs not recovered from business units, investment income, and interest expense on corporate debt, was a deficit of $16 million.
Elsewhere, AMP's EBIT was 14.1% higher for the half-year period at $178 million.
Underlying EPS was up 18.2% to 5.2 cents per share, reflecting improved earnings and the final stages of the share buyback.
The board has resolved to declare a 1H 25 dividend of 2 cents per share, 20% franked. This is in line with the previously stated commitment to target a dividend payout of 2 cents per share per half through 2025, subject to economic conditions and other uses of capital.
The ex-dividend date is set for August 21, the record date is August 22, and payment is scheduled for September 26.
Management commentary on the results
AMP Chief Executive Alexis George said the business continues to pivot towards growth.
"We are building on the strong cashflow momentum in our wealth businesses, while maintaining disciplined growth in bank lending as we expand our new digital offer AMP Bank GO."
"Our cashflows trends are particularly encouraging, reflecting greater North flows from existing and new advisers, and improvements in flows for the S&I business. These positive cashflows, together with favourable market movements, have driven an increase in AUM to $153.9 billion," George said.
"Our investments in our partnerships are delivering value, and we remain focused on maximising their contributions as they grow in their respective markets. We are managing controllable costs in line with guidance, with momentum into the second half of the year."
