The AMP Ltd (ASX: AMP) share price is in focus after the company flagged an expected underlying net profit after tax (NPAT) of $170–180 million for the first half of 2026, driven by stronger China partnerships and increased investment income.
Image source: Getty Images
What did AMP report?
- Expected NPAT (underlying) for 1H26: $170–180 million
- China partnerships contributed approximately $56 million, a 24% increase over 2H25
- Group investment income added roughly $5 million compared to 1H25, benefiting from higher interest rates
- Platforms saw a favourable $5 million impact from the North Guarantee
- Recognition of approximately $13 million in carried interest from asset sales
- Negative revaluation of about $12 million in 'Other Partnerships' sponsor investments
What else do investors need to know?
AMP has received a portion of its carried interest tied to the sale of a 51% stake in legacy fund assets previously held by AMP Capital's International Infrastructure Equity business. The sale, managed by DigitalBridge, delivered $13 million in carried interest recognised in the half-year result.
There is still potential for further carried interest earnings if the remaining 49% interest is sold, but this remains subject to conditions and regulatory approvals, so nothing is guaranteed at this stage.
AMP's full 1H26 results will be released on 6 August 2026, with the company planning to provide more detail on its FY26 outlook at that time.
What's next for AMP?
Investors looking ahead will be waiting on the August results announcement for additional information about AMP's earnings trajectory and future guidance for full-year 2026. The business will likely update shareholders on carried interest developments and its strategic direction in China and other partnerships.
With earnings up on stronger investment income and China activity, AMP appears positioned to keep building momentum as market conditions evolve.
AMP Limited share price snapshot
Over the past 12 months, AMP shares have risen 21%, outperforming the S&P/ASX 200 Index (ASX: XJO), which has risen 2% over the same period.
