Jupiter Fund Management hikes total payout as annual profit climbs

Jupiter Fund Management PLC on Thursday reported increased profit and revenue in 2025, which was also its first year in nearly a decade to deliver net inflows.

In response, Jupiter shares were 6.0% higher at 199.30 pence in London on Thursday morning.

The London-headquartered asset manager reported statutory pretax profit of £131.9 million for 2025, up 49% from £88.3 million in 2024. Underlying pretax profit rose 42% to £138.3 million from £97.5 million, which Jupiter said was driven by performance fees surging to £120.3 million from £31.2 million.

Assets under management increased by 19% to £54.0 billion from £45.3 billion. Net inflows totalled £1.3 billion, Jupiter’s ‘first calendar year of positive net inflows since 2017,’ and against £10.3 billion in net outflows for the prior year.

Net revenue increased 18% to £431.0 million from £364.1 million.

Jupiter declared a final dividend of 2.3 pence per share, up on-year from 2.2p. Total ordinary dividends came to 4.4p for the year, down from 5.4p.

However, Jupiter also declared a 5.7p special dividend for 2025, hiking the total payout by 87% to 10.1p.

Additionally, the firm has announced a buyback programme worth up to the lower of £30 million or 3% of its issued share capital, which it expects to start in April. Combined, these ‘[honour] our commitment of returning 50% of performance fee revenues generated in the year,’ Jupiter said.

Jupiter said that its outlook is ‘encouraging’, with Chief Executive Matthew Beesley explaining: ‘As we move into 2026, we are encouraged that a number of leading indicators have moved in a positive direction. Investment performance has improved across all time periods and short-term performance is particularly strong. Client sentiment has shown signs of improving and…Our focus on disciplined cost management remains resolute and we are ahead of schedule in delivering our latest rounds of cost savings.

‘Against this encouraging backdrop, there is also the potential for a more positive external environment…While we are not yet where we want to be and many geopolitical uncertainties remain, we are demonstrably in a stronger position than we were twelve months ago and are better placed to take advantage of the opportunities ahead.’

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