St. James's Place Plc · LSE:STJ
St. James's Place — Investor Presentation (June 2026)
21 slides from St. James's Place's investor presentation, Jun 18, 2026
Slide 1: Simplifying our reporting 2026
Simplifying our reporting 2026
Slide 2: Summary of key changes
Summary of key changes What’s changing? What’s not changing? Change to how we present our financial No change in our financial business performance: the adjusted IFRS P&L will model or ambitions replace the Cash result No change to shape or level of Change to the name of our key profit metri
Slide 3: Objectives
Objectives Simplicity, transparency, and Improved better alignment with comparability financial business Simplified model Financial Reporting Clear link to statutory IFRS reporting 3
Slide 4: Adjusted IFRS profit
Adjusted IFRS profit Cash result will be replaced by the ‘adjusted IFRS’ result, with the headline metric being Pro-forma adjusted IFRS profit after tax Year ended £’million Quarter ended 31 December 2025 31 December 2025 Underlying cash result renamed adjusted Adjusted metrics: IFRS profit after ta
Slide 5: Adjusted IFRS profit
Adjusted IFRS profit Cash result will be replaced by the ‘adjusted IFRS’ result, with the headline metric being Pro-forma adjusted IFRS profit after tax Year ended £’million Quarter ended 31 December 2025 31 December 2025 Underlying cash result renamed adjusted Adjusted metrics: IFRS profit after ta
Slide 6: Adjusted IFRS P&L
Adjusted IFRS P&L Pro-forma Year ended £’million Quarter ended 31 December 2025 Based upon simplified version of IFRS P&L 31 December 2025 Fee and commission 843.5 3,115.4 income Clear link to IFRS financial statements Expenses (748.8) (2,637.9) Investment return and 33.4 121.4 net finance income Cl
Slide 7: Fee and commission income
Fee and commission income Pro-forma Year ended Split between income from FUM and income £’million Quarter ended 31 December 2025 31 December 2025 from inflows, providing link to our charging structure Income from FUM 710.1 2,295.5 Income from inflows 133.4 819.9 Income from FUM generated from ongoin
Slide 8: Expenses
Expenses Expenses related to FUM vary with FUM levels e.g. payments to Partners for providing ongoing advice Pro-forma Year ended £’million Quarter ended 31 December 2025 31 December 2025 Expenses related to inflows vary with inflows Expenses related 456.5 1,280.4 e.g. payments to Partners for provi
Slide 9: Investment return and net finance income
Investment return and net finance income Reflects the income accruing on Pro-forma shareholder investments and net interest £’million Quarter ended Year ended 31 December 2025 paid on borrowings 31 December 2025 Investment return 24.8 86.3 Consistent with presentation in IFRS Finance income 16.6 64.
Slide 10: Insurance result
Insurance result Pro-forma Year ended £’million Quarter ended 31 December 2025 Insurance result combines all insurance- 31 December 2025 related lines in the IFRS P&L Fee and commission 843.5 3,115.4 income It is trivial and will remain so going forward Expenses (748.8) (2,637.9) Investment return a
Slide 11: Analysis by business driver
Analysis by business driver Pro-forma Year ended Considers associated income and expenses £’million Quarter ended 31 December 2025 31 December 2025 together to show an analysis of profitability by business driver Income from FUM 710.1 2,295.5 Expenses related (456.5) (1,280.4) to FUM Profitability i
Slide 12: Guidance
Guidance Profit from FUM People, property and technology ◆ Expected to represent 47 – 49 costs bps of average total FUM for ◆ Expected to contain growth to 2026 5% in 2026 ◆ Will provide one-year forward ◆ No net impact from our cost guidance on profit from FUM and efficiency programme in range 2026
Slide 13: Guidance (continued)
Guidance (continued) Charge structure implementation costs ◆ Nil for 2026 and beyond Other expenses ◆ Suggest annualising the Q4 2025 expense ◆ There will be some year-on-year variation Tax rate ◆ Suggest applying the standard rate of 25% corporation tax in all years to get you from adjusted IFRS pr
Slide 14: Other changes
Other changes Rationalise gestation FUM disclosures No longer present the table indicating how gestation FUM may mature over the next six years New method of guiding on profit from FUM means gestation FUM run-off doesn’t need to be modelled Balance sheet Removed the Solvency II net assets bala
Slide 15: Summary
Summary Pro-forma Year ended £’million Quarter ended We will be using our new framework for 31 December 2025 31 December 2025 presenting financial performance from Fee and commission 843.5 3,115.4 Half Year 2026 results onwards income Expenses (748.8) (2,637.9) New framework is a simpler, clearer wa
Slide 16: Appendices
Appendices Simplifying our reporting 2026
Slide 17: Reconciling IFRS to adjusted IFRS
Reconciling IFRS to adjusted IFRS
Slide 18: IFRS profit after tax to adjusted IFRS profit after tax
IFRS profit after tax to adjusted IFRS profit after tax Pro-forma Adjusted IFRS is based on the IFRS result, Year ended £’million Quarter ended 31 December 2025 with adjustments to remove one-off items 31 December 2025 and those which are not reflective of IFRS profit after tax 152.1 531.4 underlyin
Slide 19: IFRS fee and commission income note
IFRS fee and commission income note Pro-forma IFRS notes to the accounts will reconcile fee Year ended £’million Quarter ended 31 December 2025 and commission income in the adjusted IFRS 31 December 2025 result to fee and commission income in the Income from FUM 710.1 2,295.5 IFRS result Income from
Slide 20: IFRS expenses note
IFRS expenses note Pro-forma Year ended £’million Quarter ended 31 December 2025 31 December 2025 Expenses related to FUM 456.5 1,280.4 Expenses related to inflows 129.5 614.7 People, property and technology costs 132.2 525.5 Performance-related costs 16.6 65.7 FSCS and regulatory fees 4.9 35.2 Char
Slide 21: Simplifying our reporting 2026
Simplifying our reporting 2026 SJP16281_DS B2 (05/26)
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