The Ashmore Board has declared an interim dividend of 4.8 pence per share (H1 2020/21: 4.8 pence per share), which will be paid on 29 March 2023 to all shareholders on the register on 3 March 2023.
Other financial highlights include:
- Assets under management (AuM) of US$57.2 billion. Positive market performance of US$0.8 billion and net outflows of US$7.6 billion reflecting subdued investor risk appetite for much of the period
Adjusted net revenue of £107.7 million, 22% lower YoY, comprising net management fees of £98.0 million and performance fees of £3.7 million
- Adjusted operating costs reduced by 3% YoY, delivering adjusted EBITDA of £63.2 million, 31% lower YoY, and margin of 59%
- Unrealised mark-to-market loss on seed capital investments of £16.5 million compared with £25.2 million gain in prior year period
- Profit before tax of £53.8 million, 54% lower YoY
- Adjusted diluted EPS of 7.8 pence, 25% lower than in the prior year period
- Consistent balance sheet strength with approximately £700 million of capital resources including £480 million of cash
