M&G, solid profits and rising coupons. "Italia our second market"
CEO Pinto emphasises the contribution of international (and Italian) customers in the growth of deposits and reassures on private credit: 'Europe is different from the US'.
A confirmation for profits and a clear acceleration in the area of savings. M&G closes the year 2025 with results that exceed analysts' forecasts, increases remuneration to shareholders and continues on its development path of increasing internationalisation and involvement in private markets.
The Numbers of 2025
The balance sheet approved yesterday by the London-headquartered asset manager reports an adjusted gross profit of £838m, which confirms the levels achieved in 2024 and translates into £314m after tax deduction. A result that allows M&G to increase the coupon that will be paid to shareholders by 2 per cent to 20.5 pence and thus bring to 4.2 billion the total amount paid since the listing in 2019.
This in turn was accompanied by a significant increase in assets under management, which had reached EUR 375.9 billion at the end of last year, thanks mainly to the boost provided by flows from external clients in the Asset Management business. The latter rose to EUR 7 billion, with a solid performance of our active strategies in public markets contributing EUR 3.1 billion.
The international push
Particularly significant in this respect is the international growth, with almost 60% of assets under management now coming from clients outside the UK, up from 37% five years ago. "Europe and Asia are at the heart of our ambition to become the global asset manager of reference" confirms to Il Sole 24 Ore Joseph Pinto, Ceo Asset Management of M&G Investments, recalling that "international assets under management have doubled in the last six years and now represent 60% of our business to third party clients".
Italia plays a major role in this regard: "It is our second largest market after the United Kingdom, with EUR 20 billion in assets and significant growth potential," recalls Pinto, emphasising that M&G's strategy here focuses on two priorities. "We intend to strengthen our position as an active manager in our areas of excellence, from public and private credit to European and emerging equities," adds the manager, "and to expand the strategic support we offer our distribution partners through high added-value services and specialised training that favours more informed investment decisions, particularly in accessing private markets.
