Quilter launches share buyback amid profit rise and strong inflows

Quilter PLC on Wednesday launched a share buyback and pledged regular repurchases after posting higher annual profit following strong inflows.

The London-based wealth manager delivered IFRS attributable pretax profit of £163 million in 2025, swinging from loss of £60 million loss in 2024. Pretax profit multiplied to £324 million from £35 million.

Total income surged 72% to £9.36 billion from £5.45 billion, reflecting higher management fee revenue, which was partially offset by lower investment revenue generated on shareholder funds.

Assets under management & administration rose 19% on-year to £138.3 billion on December 31 from £116.3 billion, boosted by net inflows. Compared to June 30, they were up 12% from £123.4 billion.

Net flows were £9.1 billion in 2025, up 75% from £5.2 billion in 2024.

Quilter declared a final dividend of 4.3 pence, up 2.4% from 4.2p, bringing the full-year payout to 6.3p for 2025, up 6.8% from 5.9p for 2024.

Quilter announced a share buyback of up to £100 million. The company also said Goldman Sachs International will manage the first tranche of the programme, worth up to £40 million.

From 2026, Quilter said it will change its shareholder distribution policy to 70% of post-tax, post-interest earnings, through a combination of dividends and regular share buybacks. The payout ratio was 60% in 2025.

For 2025, basic earnings per share and headline EPS were 8.9p, swung from loss of 2.5p in 2024.

‘I’m very pleased with our performance in 2025,’ Quilter Chief Executive Officer Steven Levin said, after delivering record flows.

Quilter said George Reid will step down as a non-executive director at the conclusion of its annual general meeting on May 14.

‘Our business has strong momentum and is in great shape, with excellent growth opportunities ahead,’ Levin said of the company’s outlook.

Shares in Quilter were down 1.5% to 184.10p on Wednesday in London, and they lost 2.9% to R 40.06 in Johannesburg.

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