AMP Limited (AMLTF) Q2 2025 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:00.200 -- 00:00:04.984 Yes, thank you very much, and I'm very glad to have you all join us so soon after our 00:00:04.984 -- 00:00:09.008 investor day to deliver our first half 25 results. 00:00:09.008 -- 00:00:13.832 Before commencing today, let me acknowledge the traditional custodians of the land on 00:00:13.832 -- 00:00:18.316 which we're holding this meeting, which for us, of course, is the Gadigal people of the 00:00:18.316 -- 00:00:23.320 Eora Nation, and I'd like to pay my respects to the elders past and present. 00:00:23.320 -- 00:00:28.444 Of course, with me today, I also have our CFO, Blair Vernon, who will 00:00:28.444 -- 00:00:30.338 talk later. 00:00:30.338 -- 00:00:35.424 So if we just go through the order of proceedings for today, I'll firstly just 00:00:35.424 -- 00:00:40.690 do a quick overview of the first half 25, and then Blair will deep dive 00:00:40.690 -- 00:00:46.497 into our financial results, including in each of our business operating units. 00:00:46.497 -- 00:00:51.543 And then we'll do a focus particularly on cost, capital, our guidance for the 00:00:51.543 -- 00:00:56.649 remainder of the year, before we give a quick wrap up on what our priorities will be 00:00:56.649 -- 00:00:59.269 for the second half. 00:00:59.718 -- 00:01:05.604 So if we come to the first half 24 highlights, I think about this as a continuation 00:01:05.604 -- 00:01:10.048 of just delivering on our promises every single time. 00:01:10.048 -- 00:01:15.433 The group NPAT is up over 9% to $131 million as 00:01:15.433 -- 00:01:20.558 we continue to drive cash flows in our wealth businesses while remaining focused on 00:01:20.558 -- 00:01:27.045 efficiency and removing those stranded costs from the transactions we've undertaken. 00:01:27.045 -- 00:01:32.262 ...