Full-year results 2026

2026 Full-year results

Brooks Macdonald Group plc (‘Brooks Macdonald’ or the ‘Group’) today announces results for the twelve months to 30 June 2026 (‘FY26’ or ‘the year’).

Andrea Montague, CEO of Brooks Macdonald, commented:

“FY26 was a year of strong progress as we completed a two-year period of transformation, investment and organisational restructuring to Reignite Growth. We returned to positive annual net flows, with growing momentum across the business. Platform MPS delivered strong growth of 35%, BPS FUM increased by 9%, and we successfully integrated Brooks Financial, contributing like-for-like revenue growth of 10%. We enter FY27 with a stronger and more efficient business and the momentum required to capture the significant market opportunities ahead.”

Financial highlights

Total funds under management and advice (‘FUMA’) increased by 14% to £21.7 billion (30 June 2025: £19.1 billion), including funds under management (‘FUM’) of £19.3 billion and advised only assets of £2.4 billion.

Net inflows of £226 million, representing an improvement of more than £600 million compared with FY25, following three consecutive quarters of positive net flows.

Revenue increased by 6% to £118.1 million, supported by higher average FUM and growth in Financial Planning revenue, partly offset by lower transactional, FX and interest income.

Underlying costs reduced by 3% to £90.3 million on a like for like basis, excluding acquisitions and net finance income. On a reported basis, underlying costs increased by 6%, reflecting a full year of costs from the acquired businesses.

Underlying profit before tax (‘PBT’) was £29.0 million, with an underlying operating profit margin of 24.6%.

Underlying diluted earnings per share (‘EPS’) increased by 6% to 137.9 pence including the benefit of our completed share buy-back programme.

Statutory PBT was £3.2 million, after strategic transformation, organisational restructure, acquisition and integration related items and the amortisation of acquired client relationships, equivalent to statutory diluted EPS of 15.1 pence.

The Board has recommended a final dividend of 52.0 pence per share, resulting in a full-year dividend of 83.0 pence per share, an increase of 2.5%, the 21^st consecutive year of dividend growth.

Strategic and operational highlights

Executed the Group’s “Reignite Growth” strategy, with significant progress across client service, client reach and efficiency.

Completed a period of major investment across the group which has delivered positive net flows and a scalable platform for future growth, with almost 40% of the business now delivering double-digit increases in revenue.

Successful inorganic investment in Brooks Financial as financial planning now contributes c25% of group revenue, having grown 10% on a like for like basis, exceeded its cost synergy target and achieved 98% client retention.

Expanded our product range while enhancing our client service through smart deployment of technology.

Combined Investment Managers with Distribution and strengthened our regional presence to address the market opportunity more systematically to grow both existing relationships and attract new clients.

Investment in AI and digital have improved productivity, across both client-facing and support functions.

Bespoke Portfolio Service (‘BPS’) FUM increased by 9%, with the number of clients with portfolios >£1m increasing by 15% and net outflows improving by c.50% compared with FY25.

Platform Managed Portfolio Service (‘MPS’) FUM increased by 35% to £8.0 billion, with annualised net flows of 15% in a market which is projected to more than double to £450 billion in 2030.

Strong investment performance across BPS and MPS.

Focus on efficiency actions delivered organisational restructuring savings of c£5million on an annualised basis.

Defaqto Gold award for Discretionary Fund Management Service for the fifth consecutive year and Defaqto 5 diamond for MPS direct and platform.

Key financials

The table above includes alternative performance measures used by the Group. Further detail, including reconciliations to statutory measures, is presented in the Financial Review section of this announcement.

Outlook

We remain focused on delivering our ‘Reignite Growth’ strategy and expect FY26 revenue trends to continue into FY27, with moderate growth in underlying costs. With the period of major investment now completed, organic investment is expected to decline materially from FY26 levels to high single digit millions in FY27 as we continue to invest organically in initiatives aligned to our strategic priorities. We will continue to assess potential Financial Planning M&A opportunities.

The Board currently anticipates that FY27 financial performance will be marginally ahead of current market expectations. We remain confident in delivering our medium-term targets of annualised net flows of +5% and BAU cost growth of <5%.

2026 full-year results presentation

The presentation and live Q&A hosted by Andrea Montague (CEO) and Katherine Jones (CFO) will start at 9am BST. The results presentation slides will be available on our website from 7am BST on 3 September 2026. Registration for the Q&A is required and can be accessed via a link: https://stream.brrmedia.co.uk/broadcast/6a4cf978cba7980013e5f5ab

Notice of first quarter 2027 FUMA update

The Group will publish its first quarter 2027 FUMA update on 14 October 2026.

Notes:

Numbers are subject to rounding.

On 8 December 2025, two TM Brunsdon funds, managed by Brooks Macdonald Asset Management Limited (‘BMAM’) on behalf of Brunsdon Financial, were merged with two IFSL Magnus funds, and BMAM ceased to act as their investment manager. The earlier periods have been amended accordingly to reflect the funds’ liquidation.

Excludes net finance income of £1.2 million (FY 2025: £2.5 million).