Year of two halves for Ninety One as it records year-end losses

Deal with Sanlam 'on track'

Ninety One reported net outflows of £4.9bn for the year ending 31 March 2025.

This was despite net inflows of £400m in H2, which failed to counteract the £5.3bn outflows in H1, according to its annual results.  Over a third of people cannot identify an investment fund Profit before tax was £204.3m in the year, a 6% drop from the £216.8m in the previous year. Even adjusted operating profit decreased by 1%, from £190.5m to £187.9m, despite an adjusted operating profit margin of 31.2%. However, the firm's assets under management grew by 4% to reach £130.8bn. Hendrik du Toit, the asset manager's founder and chief executive officer at, said: "Ninety One reg...