AMP Limited's FY25 Data Pack highlights steady earnings with an underlying NPAT of $285 million, supported by strong Platforms net cashflows and a stable capital position. The report offers a detailed breakdown of business unit performance, costs, and market share.
- Underlying NPAT of $285 million for FY25
- Platforms segment records $5.1 billion in net cashflows
- Stable capital adequacy with Group CET1 surplus capital
- Dividend declared at 6.1 cents per share with 20% franking
- AMP Bank maintains strong net interest margin and asset quality
Overview of AMP's FY25 Financial Performance
AMP Limited has released its FY25 Data Pack, providing a comprehensive snapshot of its financial and operational results across key business units including Platforms, Superannuation & Investments, AMP Bank, and New Zealand Wealth Management. The unaudited report reveals an underlying net profit after tax (NPAT) of $285 million, reflecting a resilient performance amid a complex economic backdrop.
The Platforms business, a core contributor to AMP’s revenue, generated $5.1 billion in net cashflows, underscoring strong client engagement and asset retention. This segment’s total assets under management (AUM) reached $88.7 billion, supported by a diversified asset allocation across cash, equities, and property.
Segment Highlights and Operational Metrics
Superannuation & Investments reported a slight decline in net cashflows, with a net outflow of $542 million, reflecting market volatility and pension payments. Despite this, the segment maintained a solid AUM base of $60.7 billion and improved cost efficiencies, contributing positively to AMP’s overall earnings.
AMP Bank continued to demonstrate stability with a net interest margin of 1.28% and total loans of $24.1 billion. The bank’s asset quality remains robust, with low arrears and prudent loan impairment expenses. Deposits stood at $19.6 billion, maintaining a healthy deposit-to-loan ratio of 81%.
New Zealand Wealth Management posted modest growth in AUM to $12.3 billion and delivered an underlying NPAT of $52 million. The segment’s cost-to-income ratio improved, reflecting ongoing operational discipline.
Capital and Dividend Position
AMP’s capital adequacy remains strong, with a Group Common Equity Tier 1 (CET1) capital surplus of $139 million as at 31 December 2025. Corporate debt was managed prudently, with a total of $475 million in subordinated notes and $1.65 billion in senior debt. The company declared a final dividend of 6.1 cents per share, franked at 20%, signalling confidence in its cash flow generation and capital management.
While the Data Pack is unaudited and excludes forward guidance, it offers investors detailed insights into AMP’s cost structures, margins, and market positioning. The company continues to navigate a competitive financial services landscape with a focus on operational efficiency and capital strength.
Bottom Line?
AMP’s FY25 results reinforce its steady footing, but upcoming audited reports and market conditions will be key to watch.
Questions in the middle?
- How will AMP address the net outflows in Superannuation & Investments going forward?
- What strategic initiatives are planned to enhance Platforms’ growth and margins?
- How might rising interest rates impact AMP Bank’s loan portfolio and funding costs?