Ninety One said assets under management for the year ended 31 March 2021 increased by 27% to a record £130.9 billion, driven by the market recovery. Firm-wide Investment performance improved, with three-year outperformance at 82%.
Profit before tax rose 3% to £204.1 million, bolstered by higher performance fees and flat costs. Adjusted operating profit advanced 9% to £206.2 million. Ninety One recorded net outflows of £197 million, while average assets under management were 1% higher, at £119.9 billion.
The Board of Ninety One proposed a final dividend of 6.7p, resulting in a full-year dividend of 12.6p.
Ninety One, which is marking its first year operating as an independently listed company and its 30th year in business, said basic earnings per share increased 1% to 16.9p and adjusted earnings per share rose 6% to 17.0p.
“We remain excited by the long-term growth opportunities for Ninety One,” Chief Executive Officer Hendrik du Toit said. “It is our intention to continue on our well-established organic growth path.”
The firm’s strategy, articulated at listing last year, is unchanged, encompassing a simple and capital-light model; consistent investment for growth; an owner culture; and long-term relevance to clients.
