The Ashmore Group Board recommended a final dividend of 12.1 pence per share.
If approved by shareholders, the dividend will be paid on 8 December 2023 to all shareholders on the register on 3 November 2023.
Other financial highlights include:
- Assets under management (AuM) of US$55.9 billion
- Positive performance of US$3.4 billion as Ashmore outperformed strong market returns
- Net outflow of $11.5 billion as a result of institutional de-risking, primarily by developed world investors
- Momentum building, higher performance and improved net flows in H2
- Adjusted net revenue of £195.4 million, 24% lower YoY and reflecting opening AuM 23% below prior year average AuM level
- Adjusted operating costs reduced by 4% YoY. Variable remuneration reduced by 24% YoY, representing 25% of EBVCIT
- Adjusted EBITDA of £106.2 million, 35% lower YoY, and adjusted EBITDA margin of 54%
- Profit before tax of £111.8 million, 6% lower YoY, benefiting from lower, unrealised mark-to-market seed capital losses and higher interest on cash balances
- Diluted EPS of 12.2 pence, 4% lower than in the prior year
- Consistent strong and liquid balance sheet with over £700 million of capital resources including c.£470 million of cash
