Results, reports and presentations
This section includes information on our financial and operating performance including results announcements, presentations, webcasts and annual reports, for the most recent as well as historic reporting periods.
Latest financial results
Overview of HY 2026 results
“Today’s results demonstrate we have good momentum across the business starting with positive net flows and better revenues. We’ve established Brooks Financial and completed the integration creating a scalable, whole of market financial planning capability. We’ve made deliberate investments in the business to drive sustainable growth and I’m confident our capability in investment management and distribution positions us for the future.”
Andrea Montague, CEO of Brooks Macdonald
HY 2026 results and strategic progress
Financial highlights
- Total funds under management and advice (“FUMA”) increased by 5% to £20.1 billion (30 June 2025: £19.1 billion). Of this, funds under management (“FUM”) were £17.8 billion and advised only assets were £2.3 billion.
- Net inflows of £2 million (H1 2025: net outflows £262 million), first half year of positive net flows since H2 2023.
- Revenue increased by 12% to £58.2 million, supported by higher financial planning and fee income, partly offset by lower interest and transactional income.
- Total underlying costs increased by 3% to £45.4 million, excluding acquisitions and net finance income. Overall underlying costs, including acquisitions increased by 20%, compared to the prior period (H1 2025: £37.8 million).
- Underlying profit before tax (“PBT”) of £13.6 million, representing a margin of 23.4%.
- Statutory PBT of £6.2 million (H1 2025: £12.6 million) reflects higher organic investment, M&A and integration costs.
- The Board has recommended an interim dividend of 31.0 pence per share, up 3%.
Strategic and operational highlights
- Executing our ‘Reignite Growth’ strategy, with good progress across all three strategic priorities.
- Deliberate investments in the business in areas such as digital capability, AI and product innovation to deliver excellent client service, broaden and deepen client reach, drive scale and efficiency and a return to positive net flows.
- Continued to enhance the client experience through digital developments including the launch of the Brooks Macdonald mobile app and improved onboarding of clients through digitisation.
- Advanced strategic initiatives across client service, distribution, product innovation, and efficiency, including nationwide adviser engagement.
- Deploying AI to reduce administrative burden which will free capacity to spend more time serving clients.
- Focus on efficiency delivered organisational restructuring savings equivalent to £3 million on an annualised basis.
- Delivered consistent year-on-year double-digit growth in Managed Portfolio Service (“MPS”) assets.
- Bespoke Portfolio Service (“BPS”) assets growth of 4%, with c.50% reduction in net outflows, 8% increase in high-net-worth client numbers and an increase of 4% in advisers using more than one BPS service.
- Established Brooks Financial and completed the integration. Realised over £1 million in annualised cost synergies and established a scalable, whole of market financial planning business with 98% client retention.
- Strong investment performance delivered by our Centralised Investment Proposition is underpinning momentum in both BPS and MPS.
- Defaqto Gold award for Discretionary Fund Management Service for the fifth consecutive year.
Outlook
We remain focused on delivering our 'Reignite Growth' strategy and expect to continue to invest organically in initiatives aligned to our strategic priorities, as well as reviewing potential financial planning M&A opportunities. We expect H1 revenue trends to continue into H2 and for H2 costs, before the FSCS levy, to remain broadly in line with H1.
Medium-term target
+5%
Annualised net flows
Medium-term target
<5%
BAU cost growth