The AJ Bell Board recommends a final ordinary dividend of 4.66p per share. This takes the total ordinary dividend for the year to 6.16p per share, representing an increase of 28% on the previous year. The final ordinary dividend will be paid, subject to shareholder approval at our AGM on 27 January 2021, to shareholders on the register at the close of business on 8 January 2021.
Other financial highlights include:
●
Revenue up 21% to £126.7 million (FY19: £104.9 million)
●
Profit before tax (PBT) up 29% to £48.6 million (FY19: £37.7 million)
●
PBT margin up 2.5 percentage points to 38.4% (FY19: 35.9%)
●
Balance sheet strengthened, with net assets up 27% in the year to £109.5 million (FY19: £86.1 million)
●
Total customers increased by a record 63,239 in the year, up 27% to 295,305 (FY19: 232,066)
●
Total net inflows of £4.2 billion (FY19: £3.9 billion), driven by platform net inflows of £4.9 billion (FY19: £4.3 billion)
●
Total assets under administration (AUA) up 8% during the year to £56.5 billion (FY19: £52.3 billion) compared to a 19% fall in the FTSE All-Share Index
●
Customer retention rate remained high at 95.5% (FY19: 95.4%)
