Ashmore Group reported profit before tax of £126.9 million for fiscal 2026, an increase of 17% from £108.6 million in the prior year, as strong emerging-market investment performance and renewed client inflows supported earnings.
Assets under management increased 13% to $54 billion. The increase was supported by $2.7 billion of net inflows as well as investment performance across Ashmore’s emerging-market strategies.
Subscriptions increased 92% year over year to $12.5 billion, while redemptions declined 20% to $9.8 billion, their lowest annual level in 15 years. The results marked a return to net inflows following a prolonged period of outflows.
Ashmore generated approximately $1.3 billion of net inflows into fixed income, $1.3 billion into equities, and $100 million into alternatives.
Equities AUM increased 33% to $10 billion and represented approximately 19% of group assets, while alternatives AUM increased 25% to $2 billion.
Assets managed through Ashmore’s local-office network increased 13% to $8.9 billion, supported by approximately $800 million of net inflows and $300 million of investment performance. Growth was particularly supported by Colombia, Indonesia, and India.
The firm also reported strong investment performance across its strategies. Approximately 77% of AUM outperformed relevant benchmarks over one year, 68% over three years, and 67% over five years.
Ashmore said emerging markets benefited from strong absolute returns during the period, with emerging-market equities rising 44% and fixed-income indices producing returns ranging from approximately 7% to 12%.
Seed capital also contributed significantly to fiscal 2026 earnings. Ashmore generated £82.5 million of gains on seed investments and realized cumulative gains of £61.8 million as investment performance and client inflows enabled it to recycle seed capital.
Diluted earnings per share increased 28% to 15 pence. Ashmore maintained its dividend at 16.9 pence per share and ended the year with £521 million of excess capital, equivalent to approximately 73 pence per share.
The company had no debt and held £355.9 million of cash and deposits at year-end.
