The Ashmore Group Board intends to pay a progressive ordinary dividend over time, taking into consideration factors such as the prospects for the Group's earnings, demands on the Group's financial resources, and the markets in which the Group operates.
Accordingly, and notwithstanding the lower statutory profits reported in this period, the Board has declared an interim dividend of 4.80 pence per share (H1 2020/21: 4.80 pence per share), which will be paid on 30 March 2022 to all shareholders on the register on 4 March 2022.
Other financial highlights:
- Assets under management (AuM) of US$87.3 billion, net outflows of US$3.2 billion and negative investment performance of US$3.9 billion
- Adjusted net revenue of £138.2 million, 12% lower YoY, and primarily comprising net management fees of £131.0 million with performance fees of £3.1 million
- Cost discipline reduced adjusted operating costs by 7%, delivering adjusted EBITDA of £92.0 million, 14% lower YoY, and margin of 67%
- Seed capital investments generated gain of £25.2 million compared with £49.3 million in prior year period
- Profit before tax of £116.0 million, 23% lower than in prior year period
- Adjusted diluted EPS 19% lower at 10.4 pence.
- Consistent balance sheet strength with more than £800 million of capital resources including c.£450 million of cash
