Aberdeen Group Shows AUMA Growth, Fueled by Interactive Investor

Aberdeen Group (LON: ABDN) delivered a Q3 2025 trading update showcasing growth in Assets Under Management and Administration (AUMA), driven primarily by the strong performance of its interactive investor platform.

Despite the growth, Aberdeen shares are down around 1.7% in early Wednesday trading.

AUMA reached £542.4 billion, a 6% increase year-to-date from £511.4 billion at the end of 2024. This growth reflects positive market movements and strong inflows into specific areas of the business.

Interactive Investor continues to be a standout performer. Total customers increased by 14% year-on-year to 492,000. Daily trading volumes are up, and Q3 net flows reached £1.9 billion, a substantial 58% increase compared to Q3 2024.

The Adviser business saw net outflows of £0.5 billion, a 50% improvement compared to the £1.0 billion outflow in Q3 2024. This improvement is attributed to enhanced customer service and strategic repricing initiatives.

The Investments segment reported AUM of £382.3 billion, a 3% increase year-to-date. Net outflows were £1.8 billion, a 49% reduction compared to Q3 last year, with improvements noted in fixed income, alternatives, and equities.

While overall net flows remain negative, the significant reduction in outflows and the AUMA growth suggest a stabilization and potential for future earnings growth. The company is targeting an adjusted operating profit above £300 million and net capital generation of approximately £300 million by FY2026.

Driver Breakdown

• Interactive Investor Growth: Customer acquisition, high trading volumes, and increased brand awareness drive substantial inflows.
• Adviser Improvement: Enhanced service levels and repricing are mitigating outflows.
• Investment Performance: Positive market movements and improved flows in key asset classes are contributing to AUM growth.

Jason Windsor, Chief Executive Officer, said, “Over the last quarter, we have made good progress against the plan we set out in March. Net flows and other key operational metrics improved year-on-year, with increased Group AUMA benefiting from positive markets.” He further emphasized the company's confidence in its prospects as a Wealth & Investments Group, pointing to the growth potential across all three business segments.