Polar Capital Holdings plc (POLR) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you all for joining us this morning, for taking the time. As I said, I'm Ian Evans, newly appointed Chief Executive Officer at Polar Capital. And together with our CFO, Samir Ayoub, we'll take you through the interim results for the six months to the end of September. Beginning with the highlights, please, Hannah, on page two. As a prototype start actually to the period in equity markets, but a positive end to the period led to assets being up 25% over that period. a record high of £26.7 billion. Despite outflows over the period, those outflows in the police report were concentrated in the first quarter and were mentioned slow materially in the second quarter. We saw broad demand across a good number of our strategies and improving performance over the period. As you can see on the screen there, adjusted diluted total EPS of 21.9p and we are maintaining the dividend, the interim dividend at 14p payable next January. So I'll start with business and strategy, talk with you through performance and flows and then I'll pass to Samir who's going to talk to the financials. But on to page four, please, Hannah. Continuously parity and growth. So the leadership transition has been completed now over the summer. And after 21 months at Polar Capital, unsurprisingly, I have a deep understanding of our people, our clients, and our culture, which has enabled me to hit the ground running. We've already put in a focused leadership structure, and that's primarily to speed faster decision-making and increase accountability. As you can see on the middle of the slide, the vision is a very straightforward one, which is to be the active fund manager of choice. Now we're recognised for our distinctive high conviction strategies. We do that through our distinct culture, which empowers ...