The first half of Ninety One’s 2026 financial year has started on a high note, with the investment powerhouse reporting record assets under management (AUM) of £152.1 billion (R3.42 trillion)—the highest in its history. Ninety One remains one of South Africa’s largest asset managers, second only to the state-owned Public Investment Corporation (PIC).
On Monday, 17 November 2025, the group released its interim results for the six months ended September 2025, showcasing robust growth and operational resilience. AUM surged to £152.1 billion, up 19.4% year-on-year and significantly higher than the £130.8 billion (R2.94 trillion) reported at the start of the financial year in March 2025. This milestone reflects:
- Positive net flows across most asset classes
- Strong inflows into global equities
- Encouraging recovery in fixed income markets
The company recorded net inflows of £4.3 billion (R96.8 billion) during the six-month period—a sharp turnaround from two consecutive periods of outflows. Ninety One noted that net flows have improved steadily, with contributions from the majority of client groups.
Financial performance was equally strong:
- Profit increased by 10% to £102.2 million (R2.30 billion)
- Basic earnings per share rose 14% to 8.9 pence (R2.10)
CEO Hendrik du Toit attributed the results to favorable market conditions and disciplined execution:
The combination of strong markets, competitive investment returns, net inflows, and ongoing cost control has delivered healthy earnings growth. We see early evidence of a demand recovery for emerging markets and differentiated active investment management. We are well positioned for this.
Du Toit highlighted the progress of Ninety One’s landmark partnership with Sanlam, signed in November 2024:
- The UK transaction was completed in June 2025
- The South African transaction is expected later this financial year
He added:
Whilst doubling down on our core markets and offerings, we are also investing in exciting growth initiatives and in our technology platform. Our focus remains on investing and serving our clients to the highest possible standards. Ninety One’s clarity of strategy and simplicity of model enable us to seize the opportunity with pace and strength.
