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How AMP’s Cost Reallocation Reshapes FY24 and FY25 Profit Views

8:50am on Thursday 29th of January, 2026 AEDT Financial Services
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How AMP’s Cost Reallocation Reshapes FY24 and FY25 Profit Views

8:50am on Thursday 29th of January, 2026 AEDT
Key Points
  • Revised cost allocation reallocates $48m in FY24 and $25m in 1H25 among business units
  • Total controllable costs and net profit after tax remain unchanged
  • FY25 costs expected to meet prior guidance
  • FY26 controllable costs forecast at $630-$640 million, factoring inflation and AMP Bank GO scaling
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