**Summary**
AJ Bell PLC, a leading UK investment platform, reported strong interim results for the six months ended 31 March 2026. Key highlights include
**Financial Performance** Revenue increased by 19% to ยฃ183.0 million, and underlying profit before tax (PBT) rose by 15% to ยฃ79.0 million. The revenue margin improved to 33.4bps, driven by higher recurring ad valorem and transactional revenues.
**Shareholder Returns** The company returned ยฃ77.3 million to shareholders through dividends and share buybacks. An interim dividend of 5.00 pence per share was declared, up 11% from the previous year. A new ยฃ15 million share buyback program was announced.
**Operational Performance** Customer numbers grew by 12% to 723,000, with record net inflows of ยฃ4.2 billion. Platform assets under administration (AUA) increased by 5% to ยฃ108.7 billion. The company maintained a high customer retention rate of 95%.
**Investment Business** Assets under management (AUM) grew by 10% to ยฃ9.8 billion, with strong net inflows of ยฃ0.6 billion.
**Non-Platform Business** The sale of the Platinum SIPP and SSAS business was completed, and the company plans to exit its remaining third-party SIPP arrangement.
**Outlook** AJ Bell expects full-year revenue margin, PBT, and PBT margin to be higher than previously guided. The company is investing in brand, marketing, and technology to capitalize on the growing UK platform market.
CEO Michael Summersgill highlighted record customer growth and net inflows, emphasizing the companys strategic investments in brand, marketing, and products. The company is also leveraging AI to enhance operational efficiency and customer interactions. Despite industry challenges, AJ Bell remains confident in its long-term growth prospects.