Half year results for the six months ended 30 June 2026

Key points

Strong investment performance and net inflows across our diversified range of strategies

• Record AUM¹ of $253.6 billion as at 30 June 2026 (31 December 2025: $227.6 billion)
• Positive investment performance of $19.8 billion, +0.4% relative to peers^[KPI], with continued strength from our multi-strat
• Net inflows of $7.1 billion, 3.4% ahead of the industry^[KPI]

46% increase in core management fee EPS to 12.4¢, complemented by a significant recovery in core performance fees

• Run-rate net management fees of $1,303 million as at 30 June 2026 (31 December 2025: $1,182 million)
• Core performance fees of $207 million (H1 2025: $67 million), reflecting broad-based contributions across the platform
• Statutory EPS (diluted) of 17.5¢ (H1 2025: 4.4¢) and core EPS (diluted) of 19.9¢ (H1 2025: 9.7¢)^[KPI]

Robust balance sheet and liquidity positions support our disciplined capital allocation policy

• Net tangible assets of $758 million as at 30 June 2026 (31 December 2025: $723 million)
• Recommended interim dividend of 5.7¢ per share, in line with our guidance
• $29 million of the $50 million share buyback programme announced in May was complete as at 24 July

Significant momentum across several strategic priorities, including:

• Solid investment performance underpinning continued growth in liquid credit and traction in private credit, highlighted by the successful first close of our new opportunistic credit offering
• Expanding our North American footprint, driven by another period of sustained growth across both institutional and wealth distribution channels
• Accelerating our AI transformation by embedding cross-functional agentic workflows across the firm that drive tangible value for clients and shareholders

Robyn Grew, Chief Executive Officer of Man Group, said:

“We delivered a strong first half, which demonstrates the evolution of Man Group; the exceptional net inflows and record AUM we are reporting today are the direct result of deliberate, multi-year investments in the diversification of our business. We are now seeing the benefits compound into broad-based growth.

“In short, our strategy is working. We will continue to invest in the firm to extend our edge, scaling our credit, quant equity, and multi-strat capabilities to deepen the relationships we have with allocators globally.

“In today’s markets, clients are consolidating their relationships with a smaller number of highly capable, strategic partners who can help them manage complex risk and growing macroeconomic uncertainty. The quality of our people and our technology means we are well placed to capture that shift. As our clients' needs evolve, so will we, creating an even stronger business that is positioned for long-term success.”

This document should be read in conjunction with the content and definitions included in the 2025 Annual Report.
‘Core’ measures are alternative performance measures. For a detailed description of our alternative performance measures, including non-core items, please refer to pages 32 to 39.
[KPI] Details of key performance indicators can be found in the 2025 Annual Report on pages 20 and 21.
1. Assets under management. Excludes non-fee-paying committed capital of $4.9 billion as at 30 June 2026 (31 December 2025: $4.9 billion).