Ashmore Group PLC earnings date
Ashmore Group PLC (A1B) Q4 2026 Earnings Report
DE:A1B Q4 2026 EPS Results
- Actual EPS
- EUR 0.06
- Consensus EPS
- ―
- Beat/Miss
- ―
- One Year Ago EPS
- EUR 0.08
DE:A1B Q4 2026 Revenue Results
- Actual Revenue
- EUR 95.68M
- Expected Revenue
- EUR 92.03M
- Beat/Miss
- Beat by +EUR 3.65M
- YoY Revenue Growth
- +7.18%
Earnings Announcement Details
- Quarter
- Q4 2026
- Date
- 09/07/2026
- Time
- Before Open
- Conference Call
- Monday, September 7, 2026
Ashmore Group PLC's next earnings date is estimated for February 10, 2027, based on past reporting schedules.
Q4 2026 Earnings Call Audio
No earnings call audio is available for this earnings event.
Q4 2026 Earnings Slide Deck
No slide deck is available for this earnings event.
Q4 2026 Earnings Call Summary
The call was strongly constructive. Ashmore reported returning assets under management and flows to growth, strong investment and seed-capital performance, higher profit and EPS, expanding equities and local-office businesses, and a well-capitalized balance sheet. These positives were partly offset by a 7% decline in adjusted revenue, lower performance fees and interest income, margin compression, uneven strategy growth, limited U.S. fixed-income demand, and geopolitical and macro uncertainty.
For FY27, Ashmore expects non-VC like-for-like operating costs to increase at approximately 2% to 3%, forward-looking depreciation to be broadly consistent with the current year, and the tax rate to be approximately 22%; performance fees for the current financial year are expected to be no more than GBP 5 million, broadly consistent with the average of recent years, while seed-capital recycling is expected to return to closer to the historic average of 30%, obviously being dependent on factors such as continuing performance and third-party client subscription levels. The alternatives allocation in the overall seed book is expected to continue to increase both in absolute terms and as a proportion of the whole, variable remuneration is assumed at a reasonable rate between 30% and 35% for the operating profit, and the group would expect to see more inflow in U.S. equity in the next 12 months in this financial year.
- Assets Under Management Returned to GrowthAssets under management increased 13% to $54 billion, supported by positive investment performance of $3.7 billion and $2.7 billion of broad-based net inflows.
- Strong Subscription MomentumSubscriptions reached $12.5 billion and almost doubled during the year, with subscriptions increasing by approximately 20% in the second half. Flows included new mandates and additional allocations from existing clients and were geographically diverse.
- Redemptions Continued to ImproveRedemptions decreased 20% year-on-year, marking the fourth consecutive year of reducing outflows. Net inflows were generated across fixed income, equities, alternatives, and both global and local businesses.
- Positive Investment PerformanceAshmore delivered positive investment performance across all investment themes. One-year outperformance was up to 77%, with outperformance of 68% and 67% over three and five years, respectively.
- Favorable Emerging-Market Market BackdropEmerging-market equity indices increased nearly 50%, with the cited EM equity index up 44%, while emerging-market fixed-income indices increased between 7% and 12%. Emerging-market equities outperformed MSCI World, which rose 21%.
- Equities and Alternatives Continued to ExpandThe equity business grew by one-third during the year and reached 19% of group assets. Alternatives grew by one-quarter to $2 billion.
- Local Office GrowthAssets in local offices increased 13%, or $1.1 billion, to approximately $9 billion, representing 16% of total assets. Local offices have generated net inflows since 2022, with approximately $1 billion of inflows.
- Emerging-Market Assets IncreasedAssets from emerging markets increased to $21 billion, representing 38% of group assets under management. Local-office growth was principally driven by Colombia, Indonesia, and India.
- Strong European Subscription GrowthSubscriptions in Europe increased over 120% year-on-year and accounted for more than 30% of total subscriptions, with demand focused on equity and investment-grade fixed-income products.
- Japan Post Insurance PartnershipJapan Post Insurance committed to invest an incremental $1 billion over 12 months, of which just under one-third had been invested by June, leaving approximately $600 million and something still to be invested.
- Retail Assets RecoveredRetail assets increased to 5% of the group from a low of approximately 3%. Retail flows were seen across equities and fixed income, including in the U.S., Asia, Europe, and the U.K.
- Strong Local-Platform ProfitabilityThe local platforms had an average net management fee margin slightly above 50 basis points and collectively achieved an operating margin of 44%.
- India, Colombia, and Indonesia ProgressAshmore India saw particularly strong net inflows following consistently strong investment performance. Colombia benefited from listed-equity index returns of over 40%, manages $3 billion across all strategies, and launched a regionally focused LatAm mutual fund. Indonesia achieved asset growth of over 20%, driven by $0.7 billion of net inflows, and delivered an increase in profit.
- New Mexico Product OpportunityAshmore Mexico obtained regulatory approval in May to develop an onshore equity product linked to forthcoming pension reforms and to advise on Ashmore's existing Mexico equities mutual fund.
- Seed Capital Generated Significant GainsSeed capital produced a 28% investment return and GBP 82.5 million of profit during the year. The seed program has delivered nearly GBP 300 million of investment gains to date, of which GBP 225 million have been realized.
- Seed Capital Recycling and Realized GainsAlmost 50% of the opening seed-capital value was redeemed over the 12 months, compared with historic average levels of approximately 30%. Recycling crystallized GBP 61.8 million of gains, versus GBP 5.2 million in the previous financial year, and helped make capital available for future growth initiatives.
- Profit and Earnings GrowthProfit before tax increased 17% to GBP 126.9 million, while diluted EPS increased 28% to just over 15p per share. The company maintained total dividend per share at 16.9p.
- Strong Balance Sheet and LiquidityTotal financial resources increased to approximately GBP 610 million, significantly above the assessed capital requirement of GBP 88 million. The group held approximately GBP 355 million of cash and deposits, and more than 70% of its GBP 323 million of seed-capital investments were in funds with at least monthly dealing opportunities.
- Cash Generation and Capital SupportCash balances increased by approximately GBP 15 million. Operations generated approximately GBP 42 million, while seed-capital realizations generated GBP 109 million of cash. Management stated that the financial strength enables investment in strategic growth initiatives.
- Strategic Growth Investments PlannedThe group plans to continue using its balance sheet to support strategic growth initiatives, including private-equity opportunities in alternatives such as health care. It also plans to invest in medium-term growth and efficiency initiatives, including the use of AI where appropriate.
- Constructive Emerging-Market OutlookManagement stated that emerging-market growth is forecast to be twice as fast as developed-market growth, while emerging-market equities remain at a 52% discount to developed-market indices. Management also cited higher real yields and generally lower indebtedness in emerging markets as sources of potential upside in fixed income.
DE:A1B Earnings History
| Report Date | Fiscal Quarter | Forecast / EPS | Last Year's EPS | EPS YoY Change | Press Release |
|---|---|---|---|---|---|
| Feb 10, 2027 | 2027 (Q2) | 0.04- | 0.04 | ― | ― |
| Sep 07, 2026 | 2026 (Q4) | ―0.06 | 0.08 | -23.53% (-0.02) | |
| Feb 12, 2026 | 2026 (Q2) | ―0.04 | 0.06 | -35.42% (-0.02) | |
| Sep 05, 2025 | 2025 (Q4) | ―0.08 | 0.06 | 25.93% (+0.02) | |
| Feb 07, 2025 | 2025 (Q2) | ―0.06 | 0.07 | -15.79% (-0.01) | |
| Sep 05, 2024 | 2024 (Q4) | ―0.06 | 0.06 | 10.20% (+0.01) | |
| Feb 07, 2024 | 2024 (Q2) | 0.070.07 | 0.09 | -26.92% (-0.02) | |
| Sep 06, 2023 | 2023 (Q4) | 0.090.06 | -0.01 | 712.50% (+0.07) | |
| Feb 08, 2023 | 2023 (Q2) | 0.090.09 | 0.12 | -25.00% (-0.03) | |
| Sep 02, 2022 | 2022 (Q4) | 0.04-0.01 | 0.14 | -106.90% (-0.15) |
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
