AMP Limited (ASX:AMP) Releases 1H 25 Financial Results
Financial Performance
AMP Limited reported a 9.2% increase in underlying NPAT to $131 million and an 18.2% rise in EPS to 5.2 cents per share for 1H 25. Total revenue grew by 1.8%, while controllable costs decreased by 4.4% to $303 million. The cost to income ratio improved by 2.9 percentage points to 59.4%.
Dividend Declaration
The company declared an interim dividend of 2.0 cents per share, which is 20% franked, aligning with the guidance provided.
Business Unit Performance
Platforms saw a 7.4% increase in NPAT, AMP Bank reported a 2.9% rise, and New Zealand Wealth Management achieved an 11.8% growth. The Super & Investments division delivered strong investment performance, and AMP Bank GO showed early momentum with increased customer engagement.
Future Outlook
AMP Limited provided FY25 guidance, projecting controllable costs of approximately $600 million and continued growth in AUM. The company plans to maintain cost discipline and focus on strategic growth initiatives, including leveraging AI to enhance operational efficiency.
Motley Fool contributor Lianne Eastty has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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