Results for the financial year ended 31 December 2025

26 February 2026

 

Strategy delivering; Man Group strongly positioned for growth

Record organic growth reflects the relevance of our offering

  • AUM1 of $227.6 billion as at 31 December 2025 (31 December 2024: $168.6 billion)
  • Relative investment performance[KPI] of 1.3%, with 4.9% outperformance in the long-only category
  • Net inflows of $28.7 billion, 19.3% ahead of the industry[KPI] on an asset-weighted basis

Resilient EPS highlights the value of our diversified platform

  • Run rate net management fees of $1,182 million (31 December 2024: $1,058 million)
  • Core performance fees of $281 million from a broad range of strategies and solutions (2024: $310 million)
  • Statutory EPS (diluted) of 15.0¢ (2024: 25.1¢) and core EPS (diluted)[KPI] of 27.6¢ (2024: 32.1¢)

Disciplined capital allocation supports our long-term ambitions

  • Recommended final dividend per share of 11.5¢, resulting in a total dividend for 2025 of 17.2¢ (2024: 17.2¢)
  • Seeded 12 new strategies during the year, supporting innovation across the firm
  • Completed the acquisition of Bardin Hill, deepening our range of credit capabilities
  • Net tangible assets of $723 million as at 31 December 2025 (31 December 2024: $867 million)

Significant progress delivering on our strategic priorities

  • Aligned our highly complementary systematic teams to accelerate research and product co-development
  • Brought institutional investment capabilities to the wealth channel through the launch of four new active ETFs
  • New AI partnership with Anthropic to enhance investment research, drive productivity and increase automation
 

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

“2025 marked another year of significant progress for Man Group in which we continued to execute with discipline against our strategic priorities. We enhanced our platform by combining our systematic teams, bolstered our credit capabilities and US footprint through the acquisition of Bardin Hill, and launched our active ETF platform to further expand our presence in the wealth channel.

“While markets were often testing, the breadth of our diversified platform, the depth of our client relationships and the quality of our people enabled us to navigate these challenges with resilience and emerge stronger. We ended the year with positive momentum, delivering good performance across a range of key strategies including liquid credit, quant equity and our multi-strat, and gained market share for the sixth consecutive year.

“We enter 2026 from a position of strength – strength in our ability to grow and diversify, to attract and develop exceptional talent, and to position ourselves at the forefront of technology, particularly AI, driving innovation and delivering for our clients and shareholders.”

 

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 58 to 64. For details of key performance indicators ([KPI]), refer to page 11.
1. Assets under management. Excludes non-fee-paying committed capital of $4.9 billion as at 31 December 2025

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