Liontrust profits sink 23% as AUM continues to fall

Statutory loss of £579,000

Liontrust recorded a 23% drop in adjusted profits in the year to 31 March after assets under management and administration for the former FTSE 250 asset manager continued to fall as net outflows worsened.

In its final results published today (26 June), the firm posted adjusted profit before tax of £67.4m, down from £87.1m in 2023 as revenue from management and performance fees collapsed on lower AuMA. Statutory profit before tax, which includes charges from acquisitions - including £9.5m related to the failed acquisition of GAM - along with non-recurring costs and non-cash expenses, plummeted from £49m in the previous year to a loss of £579,000. Further £1.2bn exits Liontrust over Q1 pushing annual outflows to £6.1bn AuMA fell from £31.4bn at the start of the financial year to £27.8...