Trading Statement

About this update from Liontrust Asset Management Plc

LEI: 549300XVXU6S7PLCL855 For immediate release 14 January 2026 LIONTRUST ASSET MANAGEMENT PLC Trading Update   Liontrust Asset Management Plc (" Liontrust " or the " Company "), the specialist independent fund management group, today issues its trading update for the three months ended 31 December 2025 (the " Period ").     ·    Net outflows of £1.0 billion in the Period (2024: £1.6 billion).   ·    Assets under management and advice (" AuMA ") were £21.5 billion as at 31 December 2025.   ·    Two mandate wins driving Institutional net inflows of £330 million in the Period.   ·    AuMA as at 10 January 2026 were £21.7 billion.   Commenting, John Ions, Chief Executive Officer, said:   "Liontrust received funding for two new mandates in the last quarter, leading to Institutional net inflows of £330 million in the Period. We have a good potential pipeline and are focused on securing further mandates and returning to positive net inflows for the UK's wholesale and retail markets.   The brand remains strong, as shown by the fact that Liontrust is rated as the 4 th best asset manager by advisers in the UK and 8 th best by wealth managers in independent research 1 . The excellent client relationships and brand reputation that Liontrust has across the market are the foundation from which flows will grow over time.    The broadening investment capability is shown by the fact that we had success in European equities in 2025 and have delivered first quartile performance across global equity, fixed income and multi-asset funds in the past one and three years 2 .   Quality, mid and small cap stocks with strong balance sheets, which are the mainstay of the Economic Advantage and Sustainable Investment funds, have historically delivered material long-term returns. As engines of innovation and employment, they have also been key to driving economic growth. UK valuations are compelling, especially with a backdrop of lower inflation and reducing interest rates, but a prolonged period of share price underperformance has raised threats to the country's competitiveness. Co-ordinated action is required to restore confidence, and this will also unlock capital flows.   Our confidence in the outlook for Liontrust is reflected in the investment made in the business and the ongoing share buy backs. In ensuring that we deliver for clients through disciplined, long-term active management and excellent client service and communications, we can return the business to growth."   1 Source: Research in Finance, December 2025 2 Source: Financial Express to 31 December 2025 as at 5 January 2026, bid-bid, total return, net of fees, based on primary share class.   Assets under management and advice   On 31 December 2025, our AuMA stood at £21,457 million and were broken down by type and investment process as follows:   Process Total Institutional Accounts Investment Trusts UK Retail Funds & MPS Alternative Funds International Funds   (£m) (£m) (£m) (£m) (£m) (£m) Sustainable Investment 7,187 342 - 6,654 - 191 Multi-Asset 3,887 - - 3,696 59 132 Cashflow Solution 3,756 874 - 2,244 214 424 Economic Advantage 2,810 469 - 2,311 - 30 Global Fundamental 1,752 208 1,143 401 - - Global Equities 1,142 - - 1,064 26 52 Global Innovation 923 - - 907 - 16 Total 21,457 1,893 1,143 17,277 299 845   AuMA as at 10 January 2026 were £21,713 million.   Flows   The net outflows over the Period were £1,024 million (2024: £1,553 million). A reconciliation of fund flows and AuMA over the Period is as follows:   Total Institutional Accounts Investment Trusts UK Retail Funds & MPS Alternative Funds International Funds (£m) (£m) (£m) (£m) (£m) (£m) Opening AuMA - 1 Oct 2025 22,010 1,514 1,162 18,230 315 789   Net flows (1,024) 330 (36) (1,293) (27) 2   Market & Investment performance 471 49 17 340 11 54             Closing AuMA - 31 Dec 2025 21,457 1,893 1,143 17,277 299 845   Key Fund Performance (Quartile ranking)   Twelve funds in the first or second quartile over 1 and 3 years:   1.    Five Fixed Income funds - SF Monthly Income Bond, SF Corporate Bond, Strategic Bond, GF High Yield Bond and MA Monthly High Income.   2.    Three European funds - European Dynamic, GF European Smaller Companies and GF European Strategic Equity.   3.    Four Global funds - Global Innovation, Global Technology, Global Alpha and Balanced.   UK domiciled funds-   Quartile ranking - Since inception Quartile ranking - 5 year Quartile ranking - 3 year Quartile ranking - 1 year Inception Date Cashflow Solution funds Liontrust European Dynamic Fund 1 1 2 1 15/11/2006 Economic Advantage funds Liontrust Special Situations Fund 1 4 4 4 10/11/2005 Liontrust UK Growth Fund 2 3 4 4 01/04/1996 Liontrust UK Micro Cap Fund 1 2 4 3 09/03/2016 Liontrust UK Smaller Companies Fund 1 4 4 4 08/01/1998 Liontrust Global Smaller Companies Fund 4 4 4 4 31/12/2007 Sustainable Future funds Liontrust SF Cautious Managed Fund 3 4 4 4 23/07/2014 Liontrust SF Corporate Bond Fund 3 3 1 1 19/02/2001 Liontrust SF Defensive Managed Fund 2 4 4 4 23/07/2014 Liontrust SF European Growth Fund 4 4 4 4 19/02/2001 Liontrust SF Global Growth Fund 3 4 3 4 19/02/2001 Liontrust SF Managed Fund 2 4 4 4 19/02/2001 Liontrust SF Managed Growth Fund 2 4 3 4 19/02/2001 Liontrust SF Monthly Income Bond Fund 1 2 1 1 12/07/2010 Liontrust SF UK Growth Fund 3 4 4 4 19/02/2001 Liontrust UK Ethical Fund 4 4 4 4 01/12/2000 Global Innovation funds Liontrust Global Dividend Fund 2 3 1 3 20/12/2012 Liontrust Global Innovation Fund 1 3 1 2 31/12/2001 Liontrust Global Technology Fund 3 2 1 2 15/12/2015 Global Equity funds Liontrust Balanced Fund 1 2 1 1 31/12/1998 Liontrust China Fund 4 3 4 4 31/12/2004 Liontrust Emerging Market Fund 3 4 3 3 30/09/2008 Liontrust Global Alpha Fund 1 3 1 2 31/12/2001 Liontrust India Fund 4 1 3 4 29/12/2006 Liontrust Japan Equity Fund 4 3 3 4 22/06/2015 Liontrust Latin America Fund 2 4 3 4 03/12/2007 Liontrust US Opportunities Fund 2 3 3 1 31/12/2002 Global Fundamental funds Liontrust Income Fund 2 3 4 4 31/12/2002 Edinburgh Investment Trust Plc 1 1 2 4 31/03/2020 Liontrust UK Equity Fund 1 3 3 4 27/03/2003 Multi-Asset funds Liontrust Strategic Bond Fund 3 3 2 2 08/05/2018 Liontrust MA Explorer 35 Fund 1 - - 3 31/12/2002 Liontrust MA Explorer Income 45 Fund 3 - - 4 31/03/2020 Liontrust MA Explorer Income 60 Fund 2 - - 3 27/03/2003 Liontrust MA Explorer 70 Fund 3 - - 4 29/09/2003 Liontrust MA Explorer 85 Fund 2 - - 4 29/09/2003 Liontrust MA Explorer 100 Fund 2 - - 3 29/09/2003 Liontrust MA Monthly High Income Fund 3 3 1 1 01/05/2012 Liontrust MA UK Equity Fund 4 3 3 3 12/11/2001   Irish domiciled funds-   Quartile ranking - Since inception Quartile ranking - 5 year Quartile ranking - 3 year Quartile ranking - 1 year Inception Date Cashflow Solution funds Liontrust GF European Smaller Companies Fund 1 1 1 2 01/02/2017 Liontrust GF European Strategic Equity Fund 1 1 1 2 25/04/2014 Liontrust GF Pan-European Dynamic Fund 2 - - 2 27/02/2024 Economic Advantage funds Liontrust GF Special Situations Fund 3 4 4 4 08/11/2012 Liontrust GF UK Growth Fund 2 3 4 4 03/09/2014 Sustainable Future funds Liontrust GF SF European Corporate Bond Fund 2 1 1 3 29/05/2018 Liontrust GF SF Global Growth Fund 3 4 3 4 12/11/2019 Liontrust GF SF Multi Asset Global Fund 4 - 3 4 13/10/2021 Liontrust GF SF Pan-European Growth Fund 3 4 4 4 14/03/2001 Liontrust GF SF US Growth Fund 4 - - 4 07/07/2023 Multi-Asset funds Liontrust GF Global Short Dated Corporate Bond Fund 3 3 3 3 26/06/2018 Liontrust GF High Yield Fund 1 1 1 1 08/06/2018 Liontrust GF Global Corporate Bond Fund 2 2 2 3 13/04/2018     Global Equity Liontrust GF Global Alpha Long Short Fund 1 3 2 3 24/02/2014   Source: Financial Express to 31 December 2025 as at 5 January 2026, bid-bid, total return, net of fees , based on primary share class.   Past performance is not a guide to future performance, investments can result in total loss of capital. The above funds are all UK authorised unit trusts, OEICs, Irish authorised OEICs (primary share class) or UK listed investment trusts. Onshore funds use the Financial Express Investment Association sectors. Offshore funds use the FCA Recognised offshore sectors. Edinburgh Investment Trust Plc uses the AIC Investment Trust UK Equity Income sector.   Liontrust Global Smaller Companies Fund moved from the Global Equities team to the Economic Advantage team on 14 January 2025.   The Liontrust GF Strategic Bond Fund changed name to the Liontrust GF Global Corporate Bond Fund on the 14 th Nov 2025.   MA Explorer funds had an objective change on 05/04/2023 and rankings are shown from then.   MA Dynamic Passive fund range, MA Blended fund range, Diversified Real Assets Fund and Russia Fund (suspended) are not included as are in an IA sector that is not rankable. GF Global Technology, GF Global Innovation and GF Global Dividend funds are excluded because they were recently launched.   For further information please contact:   Liontrust Asset Management Plc   (Tel:   020 7412 1700, Website: liontrust.com) Stephen Corbett: Head of Investor Relations Simon Hildrey: Chief Marketing Officer   Panmure Liberum (Tel: 020 7886 2500) Corporate Broking: David Watkins Corporate Advisory: Atholl Tweedie   Singer Capital Markets (Tel: 020 7496 3000) Corporate Broking: Charles Leigh-Pemberton Corporate Advisory: Asha Chotai   Forward Looking Statements This announcement contains certain forward-looking statements with respect to the financial condition, results of operations and businesses and plans of Liontrust. These statements and forecasts involve risk and uncertainty because they relate to events and depend upon circumstances that have not yet occurred. There are a number of factors that could cause actual results or developments to differ materially from those expressed or implied by these forward-looking statements and forecasts. As a result, the Liontrust's actual future financial condition, results of operations and business and plans may differ materially from the plans, goals and expectations expressed or implied by these forward-looking statements.  Liontrust undertakes no obligation publicly to update or revise forward-looking statements, except as may be required by applicable law and regulation (including the Listing Rules of the Financial Conduct Authority).  Nothing in this announcement should be construed as a profit forecast or be relied upon as a guide to future performance.                                                                                                                                                                                 Other information The release, publication, transmission or distribution of this announcement in, into or from jurisdictions other than the United Kingdom may be restricted by law and therefore persons in such jurisdictions into which this announcement is released, published, transmitted or distributed should inform themselves about and observe such restrictions. Any failure to comply with the restrictions may constitute a violation of the securities laws of any such jurisdiction.   ENDS

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