Liontrust Asset Management has today (24 June) published its final results for the year ended 31 March 2026, revealing a 22% drop in gross profit since 2025.
Assets under management and advice (AuMA) as of 19 June 2026 were £21,445m with gross institutional inflows of over £500m and total net outflows of £276m.
Liontrust reported gross profit of £123m (2025: £157.7m), including £3.7m of performance fee revenues (2025: £3.6m), with a revenue margin of 0.55% (2025: 0.60%).
Adjusted profit before tax was £30.533m (2025: £48.266m) – representing a decrease of 37% compared to last year – with an adjusted operating margin of 24% (2025: 29.2%).
Statutory profit before tax totalled £14.413m (2025: £22.292m). This included charges of £16.1m (2025: £26.0m) relating to non-recurring costs (£6m) and the non-cash amortisation and impairment of acquisition-related intangible assets (£10.1m).
Liontrust reported adjusted diluted earnings of 36.7 pence per share (2025: 56.8 pence per share) with full year dividend at 19p.
The company’s acquisition of River Global Holdings Limited (RGH), which was announced on 16 March 2026, is expected to complete on 30 June.
Liontrust to acquire River Global’s asset management arm
RGH’s AuMA, as of 19 June 2026, were £2,964m with net inflows of £39m.
This acquisition will see Martin Gilbert join the Liontrust board as a non-executive director, while Rebecca Shelley is set to step down from the board later this year.
John Ions, CEO of Liontrust, said: “The improvement in Liontrust’s flows is testament to the expansion of our distribution internationally and broadening our client types.
“RGH will add to our investment talent and styles, which will enable us to broaden distribution, meeting client demand that we could not do so before.
“Spending time with the RGH investment managers and understanding their philosophies and processes over the past couple of months has only increased our belief that Liontrust will provide a platform for fund growth.”
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