Jupiter Fund Management Plc (LON:JUP) has announced its results for the six months ended 30 June 2026
Strong financial results with ongoing strategic momentum1
- We have had a strong first half of 2026, building on recent positive momentum across the business.
- We reported another period of positive flows, generating £0.7bn of net new business.
- Investment performance in the pre-existing Jupiter business remained strong.
- Combined with the completion of the CCLA acquisition, these positive flows and strong investment performance led to a 36% increase in assets under management (AUM) to £73.7bn (31 December 2025: £54.0bn).
- Underlying profit before tax increased 67% to £50.7m (H1 2025: £30.4m) and statutory profit before tax was up 29% to £35.4m (H1 2025: £27.5m). Our cost:income ratio improved by five percentage points to 77%.
- We continued to deliver on our cost commitments and have increased our minimum synergy target arising from the CCLA acquisition, where the integration is progressing well.
- In line with our capital allocation policy, we announce an ordinary dividend of 3.7p per share.
| Six months ended30 June 2026 | Six months ended30 June 2025 | Year ended31 December 2025 | |
| AUM (£bn) | 73.7 | 47.1 | 54.0 |
| Net flows (£bn) | 0.7 | (0.2) | 1.3 |
| Net revenue1 (£m) | 213.3 | 153.9 | 431.0 |
| Statutory profit before tax2 (£m) | 35.4 | 27.5 | 131.9 |
| Basic earnings per share (EPS)2 (p) | 4.8 | 4.1 | 19.2 |
| Underlying profit before tax1 (£m) | 50.7 | 30.4 | 138.3 |
| Underlying EPS1 (p) | 7.2 | 4.2 | 19.4 |
| Total dividends per share (p) | 3.7 | 2.1 | 10.1 |
| Cost:income ratio1 | 77% | 82% | 82% |
1. The Group’s use of alternative performance measures (APMs) is explained on pages 27 to 29.
2. IFRS measures.
Matthew Beesley, Chief Executive Officer, commented:
“Jupiter has had a strong first half of 2026, building on the momentum across the business. We have again delivered positive net flows, investment performance remains strong and most of our key financial metrics have materially improved.
We have delivered another positive six-month period of net inflows, with gross inflows more than 45% higher than the same period last year, despite a more challenging geopolitical environment in the second quarter. Investment performance, which remains a prerequisite for sustained client flows, remained strong with 77% of pre-existing Jupiter mutual fund AUM outperforming their peer group median over a three year period.
The integration of CCLA is proceeding well and we have made material progress on identifying and realising cost synergies. Throughout our business, we are building scale in a diversified and profitable way which gives us confidence in our continued growth across our client channels and in achieving our medium term cost:income target of 70%.
We are optimistic for an improvement in client sentiment through the remainder of 2026. The Group is more resilient and more diversified today and is well-positioned to deliver for clients and shareholders.”
