Aberdeen shares slide despite first-half profit growth

(Sharecast News) - Aberdeen reported a 21% rise in adjusted operating profit to £151m for the first half on Wednesday, as revenue growth and lower costs helped offset continued net outflows. Net operating revenue rose 2% to £643m, while adjusted operating expenses fell 2% to £492m and IFRS pre-tax profit increased 2% to £276m.

Assets under management and administration rose 4% from the end of 2025 to £579.4bn, although the group recorded net outflows of £3.0bn, or £1.0bn excluding liquidity flows.

Interactive Investor delivered record net inflows of £6.8bn and adjusted operating profit of £84m, while the group maintained its interim dividend at 7.3p per share.

Aberdeen reiterated its 2026 targets for adjusted operating profit of at least £300m and net capital generation of around £300m.

"In a dynamic market, the group produced a strong performance," said chief executive Jason Windsor.

"Adjusted operating profit is up 21% year-on-year and net capital generation is up 47%."

At 0924 BST, shares in Aberdeen Group were down 6.11% at 233.4p.

Reporting by Josh White for Sharecast.com.

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