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LONDON - Quilter plc, a UK-based wealth management firm, reported profit after tax of £46 million for the six months ended June 30, 2025, up from £13 million in the same period last year, according to the company’s half-year financial results released Wednesday.
The company posted basic earnings per share of 3.4 pence, compared to 1.0 pence in the first half of 2024. Adjusted profit before tax reached £100 million, slightly higher than the £97 million reported in the prior-year period.
Total (EPA:TTEF) income for the period decreased to £2.56 billion from £3.39 billion a year earlier, primarily due to lower investment returns. However, fee income and other income from service activities increased to £311 million from £286 million.
The group’s assets under management and administration grew during the period, with financial investments rising to £64.18 billion as of June 30, 2025, up from £59.36 billion at the end of December 2024.
Quilter’s Affluent segment generated adjusted profit before tax of £79 million, up from £72 million in the first half of 2024, while the High Net Worth segment’s adjusted profit before tax decreased to £24 million from £25 million.
The Board declared an interim dividend of 2.0 pence per ordinary share, to be paid on September 22, 2025.
The company noted that the Skilled Person Review of ongoing advice services provided by its financial planning network was finalized during the first half of 2025, with discussions with the Financial Conduct Authority ongoing regarding potential customer remediation.
The financial results were prepared in accordance with UK-adopted International Accounting Standard 34 and reviewed by PricewaterhouseCoopers LLP, according to the company’s statement.
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