abrdn plc Q2 2026 Earnings Recap

Aberdeen’s shares fell 3.8% after earnings as investors reacted negatively to a cautious outlook and delayed recovery in net inflows within the Adviser segment, which continues to weigh on overall growth despite strength in other areas.

Key Takeaways

• Adjusted operating profit rose 21% to GBP 151 million, supported by revenue growth and efficiency improvements.
• Interactive Investor (ii) showed strong momentum with a 14% increase in customers, record net inflows of GBP 6.8 billion, and profit growth of 22%.
• Adviser profits were flat amid ongoing challenges with net inflows, as management now expects recovery in flows to take longer than previously anticipated.
• Investments division saw profits rise 9% with AUM approaching GBP 400 billion and improved 3-year investment performance at 86% of assets beating benchmarks.
• Operational improvements and strategic initiatives underway in Adviser provide a foundation for future growth but have yet to translate into meaningful inflow recovery.