EarningsQ2 2026 Earnings Report
DE:AMP Q2 2026 EPS Results
Actual EPS€0.04
Consensus EPS€0.04
Beat/MissMet expectations
One Year Ago EPS€0.03
DE:AMP Q2 2026 Revenue Results
Actual Revenue€799.52M
Expected Revenue€422.45M
Beat/MissBeat by +€377.07M
YoY Revenue Growth-0.92%
Earnings Announcement Details
QuarterQ2 2026
Date08/05/2026
TimeAfter Close
Conference CallWednesday, August 5, 2026
DE:AMP Upcoming Earnings
AMP 's next earnings date is estimated for February 17, 2027, based on past reporting schedules.
Q2 2026 Earnings Call Audio
DE:AMP Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented multiple clear operating wins: strong underlying NPAT (+33%), statutory profit growth (+57%), record platform flows (+33%), S&I cash flow turnaround, materially larger China partnership earnings (more than double), disciplined capital returns (buyback + dividend) and improving margins and efficiency. Headwinds are concentrated in AMP Bank (weak ROE, NIM impact from securitisation and near-term earnings pressure), some remaining one-off simplification costs and deferred tax recognition timing, plus investor questions on sustainability of China revenue mix and normalisation of investment income. On balance the positive operating momentum, capital generation and shareholder returns materially outweigh the listed challenges.Company Guidance
Strong Underlying and Statutory Profit Growth
Underlying NPAT up 33% to $174 million and statutory profit up 57% to $154 million, driven by broad-based wealth business growth and lower litigation/remediation costs.
Shareholder Returns and Capital Generation
Returned more than $200 million to shareholders in the half via dividends and buybacks, announced an additional $150 million on-market buyback and a $0.03 interim dividend (up from prior guidance of $0.02); group generated $236 million surplus capital in the half and increased group surplus capital to $322 million.
Record Platform Flows and Platform Performance
Platforms delivered record net cash flows of $3.1 billion (up 33% on prior comparable period), closing AUM of $92.7 billion, underlying NPAT up 15% to $61 million, EBIT up 18%, cost-to-income improved to 53.5% and return on tangible equity of 32.9%.
Super & Investments Turnaround
Super & Investments underlying NPAT increased over 18% to $32 million with net cash flows turning positive for the first time since 2017, AUM $62.6 billion, EBIT up 21% and return on tangible equity increased to 19.9%.
China Partnerships Driving Earnings
China partnerships contributed $56 million (more than double the prior period, ~107% increase YoY for the partnership line), with CLPC dividend payout lifted to 41% and CLAMP to 40%; China pension AUM up 9% in the half and AMP increased partnership ROI guidance to an annualized 12%–15%.
Improved Group Efficiency and Margins
Group revenue grew 6% while controllable costs rose 4%, group EBIT margin improved by 2.5 percentage points to 30.7%, cost-to-income ratio improved to 60.5%, and EPS increased 33%.
New Product Momentum and AI Efficiency Gains
Lifetime solutions reached >$21 billion invested across North and AMP Super, MyNorth Lifetime grew to $1.2 billion, North AI workbench and Interactive Wealth Portal deployed to >500 advisers with up to 2 hours saved per client review, expected to boost adviser capacity.
New Zealand & Other Partnership Strength
New Zealand Wealth net cash flows increased almost 20% to $116 million (underlying NPAT A$18m, up 5% in local currency) and other partnerships contributed carried interest of A$18 million pretax from DigitalBridge.
Bank Capital Efficiency Progress
AMP Bank GO deposits increased to $1.7 billion (70% new customers), risk-weighted assets reduced, CET1 surplus improved to A$89 million (above 10.5% midpoint), and securitization/warehouse activity provided capital release options.
Balance Sheet and DTA Management
Utilized A$56 million of deferred tax assets in the half, reducing on-balance sheet net DTA to A$418 million, supporting capital flexibility and shareholder returns.
DE:AMP Earnings History
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.
Beat
Missed