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Ninety One reports record full-year earnings and AUM

18 May 2022 Ninety One

Ninety One today reported assets under management rose 10 percent to close the full-year period at a record 143.9 billion pounds.

Profit before tax rose 31 percent to a record 267.1 million pounds.

Ninety One had net inflows of 5 billion pounds.

The firm reported a 34 percent increase in basic earnings per share to 22.6 pence. Adjusted earnings per share rose 13 percent to 19.2 pence.

Ninety One proposed a final dividend of 7.7 pence, resulting in the full-year dividend increasing 16 percent to 14.6 pence a share.

Hendrik du Toit, founder and Chief Executive, Ninety One: “I am delighted to announce record earnings and assets under management after 31 years in business. Ninety One enjoyed strong support from our clients as reflected by net inflows of £5 billion. The combination of strategic clarity, disciplined execution, competitive long-term investment performance, a motivated, stable team and a long-term approach to business continues to work well for Ninety One.

“Business and market conditions deteriorated towards the end of the reporting period and are expected to remain challenging into the next financial year. The spectre of inflation and rising interest rates in a world of supply chain disruption and increased political uncertainty speaks to volatile markets and a diminished risk appetite among end investors. We nevertheless see substantial long-term growth opportunities for Ninety One in the markets we serve. Our approach to value creation has not changed. We will continue to invest in our people and our business to deliver for our clients. With employee ownership now over 25% our commitment to long-term value creation for all stakeholders is clear.”

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