AMP Limited (AMLTF) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Yes, thank you very much, and I'm very glad to have you all join us so soon after our investor day to deliver our first half 25 results. Before commencing today, let me acknowledge the traditional custodians of the land on which we're holding this meeting, which for us, of course, is the Gadigal people of the Eora Nation, and I'd like to pay my respects to the elders past and present. Of course, with me today, I also have our CFO, Blair Vernon, who will talk later. So if we just go through the order of proceedings for today, I'll firstly just do a quick overview of the first half 25, and then Blair will deep dive into our financial results, including in each of our business operating units. And then we'll do a focus particularly on cost, capital, our guidance for the remainder of the year, before we give a quick wrap up on what our priorities will be for the second half. So if we come to the first half 24 highlights, I think about this as a continuation of just delivering on our promises every single time. The group NPAT is up over 9% to $131 million as we continue to drive cash flows in our wealth businesses while remaining focused on efficiency and removing those stranded costs from the transactions we've undertaken. Controllable costs continue to decrease And I'll remind you, at the same time as doing this, we're absorbing inflation of over 3%. EPS is improving and has improved 18% in the half, both positively impacted by the operating performances of the businesses, but also by the share buyback through the capital return. And today we announced an interim dividend, as promised, of $0.02 per share, franked 20%. On top of the financial results, we've also launched lifetime solutions across our master fund options, launched AMP Bank Go, and continue to prudently ma...