Quilter plc (QLT) Q4 2025 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:00.132 -- 00:00:01.874 All 00:00:01.874 -- 00:00:07.983 right. Good morning, everyone, and welcome to our 2025 results presentation. 00:00:07.983 -- 00:00:13.211 Before I start, we are all conscious with the very uncertain global political environment 00:00:13.211 -- 00:00:17.537 that we see, geopolitical environment. Across culture, our thoughts are with our colleagues 00:00:17.537 -- 00:00:20.939 and our clients in the Middle East right now. 00:00:21.302 -- 00:00:24.146 Let me get on to the results. I'll start with a review of the year. 00:00:24.146 -- 00:00:28.178 Then I will cover our business highlights and talk to our flow performance. 00:00:28.178 -- 00:00:32.443 Mark will take us through the financials, and then I want to spend some time today talking 00:00:32.443 -- 00:00:36.106 about the growth outlook and the exciting opportunities that we see ahead. 00:00:36.106 -- 00:00:39.568 After that, we'll finish with Q&A as usual. 00:00:40.111 -- 00:00:42.814 I'm very pleased with our strategic and financial performance in 2025. 00:00:42.814 -- 00:00:45.256 We've delivered 00:00:45.256 -- 00:00:50.301 another good year of strong profit growth from a very strong base in 00:00:50.301 -- 00:00:52.301 2024. 00:00:52.984 -- 00:00:58.267 We saw excellent momentum in flows, taking market share in growing markets. 00:00:58.267 -- 00:01:00.590 Let me run through the highlights. 00:01:00.590 -- 00:01:05.956 Core net flows were up to a record £9 billion, that's 75% 00:01:05.956 -- 00:01:11.163 higher than 2024. Our operating margin is at 30%, 00:01:11.163 -- 00:01:14.046 in line with our medium-term goal. 00:01:14.046 -- 00:01:17.991 Adjusted profit increased 6% to £207 million. 00:01:17.991 -- 00:01:23.838 That reflects higher revenues and good cost management c...