Jupiter announces £30m share buyback, special divi as profits beat expectations

(Sharecast News) - Jupiter Fund Management announced a share buyback of up to £30m on Thursday and a special dividend, as it reported better-than-expected full-year profits and the first calendar year of positive net inflows in nine years. In the year to the end of December 2025, underlying pre-tax profit rose to £138.3m from £97.5m the year before, driven by performance fees of £120.3m, up from £31.2m. Analysts had been expecting underlying pre-tax profit of £97.9m.

Assets under management increased by 19% to £54bn and net inflows were £1.3bn versus outflows of £10.3bn in 2024 - the first calendar year of positive net inflows since 2017.

Jupiter said both the Institutional and the Retail & Wholesale client channels saw positive net flows, of £1bn and £0.3bn respectively, with the latter seeing a marked improvement in sentiment through the second half.

The company declared a final ordinary dividend of 2.3p per share, taking the total ordinary dividend for the year to 4.4p, down from 5.4p a year earlier.

It also announced a share buyback programme of up to £30m and a special dividend amounting to 5.7p per share.

Chief executive Matthew Beesley said: "Jupiter delivered a strong set of results in 2025. During the year, we generated net positive inflows across both client channels for the first time since 2017, supported by a marked shift in client sentiment with improved investment performance across all time periods.

"Against a challenging market environment at the start of the year, careful planning and deliberate management actions helped us make meaningful progress towards our strategic objectives. We remained focused on what we can control. Across cost savings, capital allocation and revenue generation, we have done what we said we were going to do, and in many cases, quicker than we suggested we might."

At 0820 GMT, the shares were up 10.2% at 207.19p.