AMP Limited (ASX:AMP) Announces 2Q25 Cashflow and AUM Growth
Financial Performance
AMP Limited reported a significant increase in net cashflows for the second quarter of 2025, rising by 63.2% to $1,565 million compared to $959 million in 2Q24. The company’s Assets Under Management (AUM) also grew by 5.6% to $83.2 billion, primarily driven by investment market movements.
Platforms
The Platforms business achieved net cashflows of $1,565 million, up 63.2% from the previous year. Assets Under Management reached $83.2 billion, a 5.6% increase since 1Q25. Managed Accounts grew to $21.8 billion.
Superannuation & Investments
Superannuation & Investments delivered positive net cashflows of $33 million, the first time since 2Q17, reversing previous outflows of $99 million. AUM in this segment increased to $58.5 billion, influenced by market movements and strong inflows, including the rollout of AMP Lifetime Super to approximately 140,000 members.
New Zealand Wealth Management
New Zealand Wealth Management reported net cashflows of $40 million, up from $11 million in 2Q24. AUM grew to $12.2 billion, supported by inflows from the New Zealand Retirement Trust and the new Term Deposit product launched in June 2024.
AMP Bank
AMP Bank maintained a total loan book valued at $23.5 billion and total deposits of $20.5 billion, consistent with the previous quarter. The bank prudently manages loan volumes to preserve margins, with strong credit quality and positive early feedback on the new digital bank, AMP Bank GO.
Executive Comments
AMP Chief Executive Alexis George said: “Our Platforms business has delivered another standout performance, with net cashflows up over 60% and AUM exceeding $83 billion. This reflects the strength of our platform proposition for advisers and their clients, supported by ongoing innovation – including our AI File Note tool and Lifetime retirement solutions. Our Managed Portfolio offer continues to grow rapidly, with AUM now at $21.8 billion.
“In our Superannuation business we’ve reached a significant milestone, delivering positive net cashflows for the quarter, for the first time since 2017. This reflects our continued efforts to build a compelling member proposition which is delivering outstanding investment returns, service and education. We will continue our focus on member retention, to drive towards a sustainable positive cashflow position. This includes renewed investment to uplift our digital engagement, rolling out our digital advice offering, and the recent launch of AMP Lifetime Super to our members.
“In AMP Bank, we continue to prudently manage volumes to preserve margins. Early feedback on our new digital bank, AMP Bank GO, has been positive, and we have rolled out new features including a small business overdraft product, with savings accounts and term deposits to come in the second half.
“Against the backdrop of this positive momentum, investment markets remain volatile, and we continue to see sustained competitive pressure, as well as accelerating pace of change, driven by AI. In this environment, we remain focused on the ongoing execution of our strategy.”
Motley Fool contributor Lauren Surplice has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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