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AMP Limited (ASX:AMP)

ALERT: Price-sensitive ASX Announcement for AMP
Current share price for AMP : $1.715 0.32 (22.94%)+
Announcement
Release
16 Apr 2026 8:25AM
Price at Release
$1.395
Full Release
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Summary
AMP Limited has reported significant growth and improvements in its 1Q 26 business update. Platforms net cashflows rose to $1.1 billion, marking a 45% increase compared to the previous year. There was a notable improvement in Superannuation & Investments with net cash outflows reducing to $80 million. New Zealand Wealth Management experienced net cashflows of $41 million, while China Life Pension Company's AUM increased by 17% in FY 25. AMP Bank's GO deposits surged to $942 million, supported by promotions and competitive savings rates. The company is also starting a $150 million share buyback. Total assets under management across the wealth businesses reached $155.9 billion. AMP is focused on enhancing organic growth through strong adviser relationships, introducing a new wealth portal, and launching a new super solution for small and medium businesses. Despite market fluctuations, AMP's banking and wealth management operations remain robust and positioned for continued growth.
Key Points
  • Platforms net cashflows increased to $1.1 billion, up 45% from 1Q 25.
  • Superannuation & Investments net cash outflows improved to $80 million, a 26% improvement from 1Q 25.
  • New Zealand Wealth Management net cashflows were $41 million.
  • China Life Pension Company (CLPC) AUM increased by 17% for FY 25.
  • AMP Bank GO deposits grew to $942 million, up $632 million from 4Q 25.
  • A $150 million on-market share buyback is commencing.
  • Total AUM of $155.9 billion across wealth businesses.
  • AMP continues to focus on organic growth and adviser relationships.
  • Launched new North Interactive Wealth Portal and SMB employer super solution.
  • AMP Bank total loan book steady at $24.1 billion.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.