Allfunds Earnings: Net Flows Positive; New Exchange-Traded-Products Platform in Early 2025

Allfunds reported a first-half EBITDA of EUR 187 million, which is up 25% compared with the same period a year ago. Net flows contributed positively to assets under administration, which is a positive. Flows from existing clients had been a drag on AUA, but the trend appears to have reversed. AUA grew 9% to EUR 1.47 trillion on EUR 14 billion of net flows from customers and EUR 60 billion from market performance. The net platform revenue margin widened to 3.9 basis points from 3.6 last year. Strong growth in transaction revenue (up 33%), supported by increasing activity levels and good net treasury income (up 70%), was behind the good 16% revenue increase over the first half of the year.