Aberdeen’s adjusted operating profit during the first half of 2026 has increased by 21% from £125m in the first half of 2025 to £151m, according to the firm’s half-year results published today (29 July 2026).
Net capital generation rose by 47% from £111m to £163m, while assets under advice and management increased by 4% from £556bn to £579bn.
Net operating revenue, adjusted operating expenses and IFRS pre-tax profit (profit calculated using the International Financial Reporting Standards) all rose by 2% each.
However, net outflows tripled over the six months, increasing from £0.9bn during the first half of 2025 to £3bn.
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Excluding net outflows of £2bn from the firm’s Institutional and retail wealth arm (which increased by 43% From £1.4bn of outflows in H1 last year), net outflows still doubled from £0.5bn to £1bn.
For interactive investor, which the firm purchased in 2022, net flows increased from £4bn to £6.8bn, while assets under management and advice rose by 15% from £97.5bn to £107.7bn.
The investments arm of the business suffered the largest increase in net outflows from £2.7bn in H1 2025 to £6.4bn. However, AUMA still increased from £370bn by the end of 2025 to £379.4bn at the end of June this year. Investment performance over three years improved from 80% to 86%, 1600 basis points ahead of the group’s 70% target.
In the six-month period, there was £1.3bn in net outflows from the adviser part of the business compared to £0.9bn in outflows over the same time frame last year.
Commenting on the results, CEO Jason Windsor (pictured) said: “interactive investor performed very strongly, delivering record net inflows in the first half of the year, with customer numbers up by 14% to 525,000.
“With clear plans to further deepen customer engagement in a fast growing and attractive market, I am excited by the significant momentum we have in the UK D2C market.”
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Over in adviser, he said the adjusted operating profit was “broadly stable” relative to H1 last year at £41m. “We have made significant improvements to service, the proposition and client experience, however, we have more work to do to achieve growth in flows.
“Rich Denning, the new CEO, is focused on actions to drive sustainable and profitable growth in the business.”
Elsewhere, he said the Investments arm has “continued to see improvements in investment performance” particularly across specialist areas and investment trusts which, “together with a number of bolt-on acquisitions, will support future earnings growth”.
“Our focus for the second half of the year is on delivering more for our customers and achieving the 2026 targets that we have set for the group. Looking ahead, we see substantial headroom for further growth across the business.”
